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Minnesota State (U.S.A.), a land of agriculture, lottery, biomedical firms, ethanol fuel, etc




It’s very interesting to observe that, the most significant characteristic of the economy is its diversity with a growing market of +5 million consumers.
The agricultural sector remains a major part of the state's economy, ranking sixth in the nation in the value of products sold.
The state is the U.S.'s largest producer of sugar beets, sweet corn, and green peas for processing, and farm-raised turkeys. Minnesota is also a large producer of corn and soybeans.
Forestry remains strong, including logging, pulpwood processing and paper production, and forest products manufacturing.
Taconite mining continues, using processes developed locally to save the industry. The manufacturing sector now includes technology and biomedical firms in addition to the older food processors and heavy industry.
Minnesota is one of 42 U.S. states with its own lottery; its games include Powerball, Mega Millions, Hot Lotto (all three multi-states), Northstar Cash and Gopher 5.
Minnesota produces ethanol fuel and is the first to mandate its use.
Minnesota has a progressive income tax structure; the four brackets of state income tax rates are 5.35, 7.05, 7.85 and 9.85 percent.
The state sales tax in Minnesota is 6.875 percent, but there is no sales tax on clothing, prescription drug medications, some services, or food items for home consumption.
The state imposes a use tax on items purchased elsewhere but used within Minnesota. Owners of real property in Minnesota pay property tax to their county, municipality, school district, and special taxing districts.
Medical care in the state is provided by a comprehensive network of hospitals and clinics headed by two institutions with international reputations. The University of Minnesota Medical School is a high-rated teaching institution that has made a number of breakthroughs in treatment, and its research activities contribute significantly to the state's growing biotechnology industry.
The state supports a network of public universities and colleges, including 32 institutions in the Minnesota State Colleges and Universities System, and five major campuses of the University of Minnesota. It is also home to more than 20 private colleges and universities, six of which rank among the nation's top 100 liberal arts colleges, according to U.S. News & World Report.
Principal transportation corridors radiate from the Minneapolis–St. Paul metropolitan area and Duluth. The major Interstate highways are Interstate 35 (I-35), I-90, and I-94, with I-35 and I-94 passing through the Minneapolis–St. Paul metropolitan area, and I-90 traveling east-west along the southern edge of the state.
Minnesota's principal airport is Minneapolis–St. Paul International Airport (MSP), a major passenger and freight hub for Delta Air Lines and Sun Country Airlines. Most other domestic carriers serve the airport.
Amtrak's daily Empire Builder (Chicago–Seattle/Portland) train runs through Minnesota, calling at the Saint Paul Union Depot and five other stations.


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