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.7 <br /> NEW!1 1'3 <br /> P0, y-�'41t`` 'S�1•, }.c+iS- ,rx <br /> Expansion and Relocation <br /> Ft <br /> xx,.y <br /> i <br /> i <br /> f <br /> { s � <br /> g� . <br /> n <br /> We often hear about businesses that left Minnesota <br /> for tax breaks and incentives in other states. But <br /> these days, companies are finding that the business <br /> climate here is warming up nicely. <br /> he high price of doing business ings when it decided to keep jobs in Minneso- <br /> in Minnesota certainly is no sc- ta.TCF will relocate 400 Minneapolis-based <br /> cret. Employers cringe as employees to a new 150.000-square-foot facil- <br /> property taxes and workers- ity in Eden Prairie next spring.The decision <br /> ' compensation premiums cloud to stay in Minnesota was made after taking a <br /> "`• f company spreadsheets. But close look al expansion possibilities at exist- <br /> business owners who bother to look beyond ing facilities in the region,including in Wis- <br /> those costs are discovering that the big pic- consin,Illinois,and Michigan. <br /> �( ture is much more scenic. "We could no doubt do our processing <br /> R By Beth Mattson "1 believe that businesses are warming to work in another state without a lot of disrup- <br /> the fact that Minnesota is becoming a heifer lion." says TCF chairman William Cooper. <br /> environment to do business," says Mark But the decision took into account more than <br /> X Gustafson,director of the Office of Regional just the financial aspects."We're in the retail <br /> Initiatives at the Minnesota Department of banking business, and our biggest bank is <br /> Trade and Economic Development(DTE-D). here.We feel we owe something to Minneso- <br /> Although other states continually entice Min- ta."Cooper says. <br /> nesota businesses,fewer companies than even Cannon Equipment Company also recently <br /> just a few years ago are opting to pack up and considered moving out of state. When the <br /> leave Minnesota solely to take advantage of Cannon Falls—based company announced it <br /> lower costs in neighboring states. was seeking a site to build its new headquar- <br /> ,', TCF Financial Corporation recently passed ters. it was courted by Wisconsin and other <br /> up more than $250.000 in property'tax sav- neighboring states. Despite the incentives <br /> i <br /> TWIN CITIES BUSINESS MONTHLY DECEMBER 1996 69 <br />