Hey Minnesotans…time to take big, calculated risks. To use a baseball metaphor we need to forget about bunting to get to one base and instead start swingin’ for the fences.
Budget shortfalls are slamming many states like Minnesota due to revenue shortfalls and a reduction in federal money. Fortunately there are some states where the tax base and regulatory climate is one that is attracting business. Undoubtedly these states also enjoy other variables that make companies want to startup within them, or move to, and capitalize upon that business climate.
The U.S. Chamber of Commerce has released their second report of its kind, “Enterprising States: Recovery and Renewal for the 21st Century” (PDF) and Minnesota is not high on most lists in this report. The report has four primary sections with pretty solid measures for each:
| Top Growth Performers | Entrepreneurship & Innovation | |
| Top Export States | Top Taxes & Regulation States | |
| Workforce & Training | Infrastructure |

The worrisome aspect is that Minnesota doesn’t rank highly in anything but median family income and educational attainment. While both are good, the former is likely due to the high concentrations of people working for out-State companies and the latter since education is such a priority in our State. Due to the current budget crisis and slash-n-burn mentality by most politicians, quality of education will likely erode quickly.
The executive summary had some troubling things to say that are probably obvious on the surface:
“In the past, states could look to Washington for assistance. Now, whatever the intentions or real achievements of the stimulus package, future increases in federal spending seem likely to be meager at best. This presents a new, and perhaps unprecedented, challenge for the states. With Washington effectively forced to the sidelines, states will now have to address fundamental economic issues relating to growth and employment on their own. Most will have to do so without significantly increasing their own spending.”
No kidding.
You might have noticed the advertisement for
The 2011 summer acceleration in all-things-tech continues unabated. The Gang discusses the continued explosion in cloud services and how many are driving toward “cloud money” by monetizing their offerings, or offering cloud strategies with the intent of being in-the-game and making money on cloud uses (e.g., Twitter, Best Buy’s Music Cloud, respectively).
Two of the Gang were at 
The
The Gang chats with Shivani Khanna (
Always on the hunt for resources we can share with our Minnov8 readership, I thought I’d offer you something I received via email today from a PR firm for the law firm of Morrison & Foerster, a global intellectual property firm. While good, whoever sent this out doesn’t “get” the fact that we’re in a new world of content delivery, sharing and consumption.
Have a safe and happy