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ti`4 • Expansion and Relocation from competing states,Can- due to the business feeling June of last year• the state ing real-estate decisions. non selected a site in Rose- fed up with Minnesota. "It added a total of 51.485 jobs. "That 'people trade-ofl"out- mounl,and the company ex- had nothing to do with Other economic highlights weighs some of those added pects to move into a new 'Does the state of Minnesota saw Minnesota's ECOnonmic Costs of doing business in 100,000-square-foot facility love me?' or with incen- miles jtunp w;1 full 4 percent Minnesota•"MILISChlld says. next spring. lives,"Tobin says."It was a above its level of a year ago. Minnesota has the sixth- Although Cannon was substantive business rea- well surpassing thr 2.4 per- lowest unemployment rate in well aware of the savings it son." Arctic Cat needed to Celli growth ill the national in- the country.'I hC unadjusted, would have realized by mov- establish a distribution cen- des during: the same period. %c•CUnd-quarter 1996 rate was ing a few more miles east ter in a new geographic re- according to the Department 3.5 percent,which is the low- and over the Wisconsin bor- gion in order to reduce the of Economic Security. esl second-quarter rate this der, it chose to stay in the delivery time in getting parts CFED once again ranked decade, according to Min- Twin Cities because of the to its dealers,he says. advantages the area offers. Cannon—which also oper- CORPORATION CO ..;O ales facilities in St. Paul; Minnesota's Chattanooga,Tennessee; assets "We're In the and Garden Grove,Califor- Minnesota's overall business • nia—selected the Rose- climate looks pretty good retail banking mount site because of the when criteria such as its business, and our proximity to its two Min- strong economy,diversified nesota facilities,as well as a business base, educated ,- nearby airport and technical work force, and quality of school,says Ron Rosa,Can- life issues are tallied. Min- here. We feel we --=-� x non Equipment's president nesota has received high • and CEO. honors from the Corpora- "On paper,you can make lion for Enterprise Develop- 1 X the move to another state ment (CFED), based in x look pretty attractive."says Washington,D.C.,for sever- ti Bill Tobin,president of To- al years.The agency publish- bin Real Estate Company in es a "Report Card of the "• Minneapolis. "On the other States" that serves as a Minnesota's dcvclopntcnt rC- nesota's Department of Eco- hand, if the business has benchmark for businesses sources as the nation's best. nonticSccurih. worked for you and you comparing the business envi- The top honor is due to time .1-hat's good news for job have those emotional heart ronment in various states. state's superior high-school seekers hilt not such good significant enough reason to Minnesota high marks for its 1 strings, it's hard to garner CFED has repeatedly given t tdualion rate.CsCCllcnt hit- m - news for eployers. Many nom resources,and outstand- husinesscs are wary of relo- disrupt things."The negative top-ranking economy,busi- ing fiu;iuCial and iufrastruc- eating in a market where un- ' t aspects of uprooting are ap- ness sector,and collection of lure resources. Minnesota has employment is low. because parent,but most businesses development resources. long been ;I leader in educa- the available labor pool is that relocate to another state Minnesota has one of the tion and is home to 24 private smaller and expansion plans do so for solid, practical most stable, well-balanced Colleges, four Ilniycrsily of could be hindered without a business reasons."Frankly,I economics in the United Minnesota campuses 34 ICC1m- large,qualified work farce. have not heard a lot of busi- States and is home to 33 nical colleges,and 21 conu n u u- Bt Minnesota,which his- nesses saying,'1 have got to Fortune 1000 companies and nilycollegcs- torically has high employ- get out of Minnesota,"'To- 1l of the Forbes 400 largest °1 he good education and sent. also has low turnover binobin private companies. Accord- the work ethic arc the two and low absenteeism. About Tobin offers an example. ing to market ranks Minnesota's things that we hear about so 75 percent of working-age Thief River Falls-based Arc- job market ranks 13th in the often front meo mle"says'Ibm I I people are employed, and tic Cat opened a new parts country in long-term growth, I lauschild.a parumcr with the manv of them arc workint, t distribution center in Kansas and it added 17,900 new jobs Teem Group a Minneapolis- more' than 40 hours a week. this year.But the decision to from the first to second based firm that helps husi- "The work ethic is a little expand out of state was not quarter of this year. Since ncsscs tackle issue,sturound- more difficult to quantify,but