Transcript Welcome to Greater MSP

Minneapolis Saint Paul Regional Economic Development Partnership
Welcome to Greater MSP
Greater Minneapolis Saint Paul:
Life Science Market
MISSION
Accelerate job growth and
capital investment in the
Greater MSP Region
WE WILL BE RECOGNIZED as a globally leading economy
where business and people prosper.
GREATER MSP will accelerate job
growth and capital investment in the
Greater MSP Region by:
LEADING regional economic
strategy development
BRANDING AND MARKETING our
region
SERVING business clients as the
region’s “one-stop shop”
THE GREATER MSP REGION
13 county MSA
$200 billion in GMP
44th largest global economy
More than 3
million residents
8
GREATER MSP Services Include
SITE SELECTION ASSISTANCE
• Detailed community and real estate analysis
• Workforce and infrastructure assessment
• Coordination of information for real estate teams
• Site and building location selection
COORDINATION OF SERVICES AND PERMITS WITH:
• City planning and development teams • State agencies
• Utilities
• County planning agencies
DEVELOPMENT AND COORDINATION OF INCENTIVE
PACKAGES INCLUDING:
• Utility-based programs
• State of MN incentives
• Workforce training
• Capital asset funding
• Local tax abatement and
• Utility-based programs
tax increment financing
GREATER MSP Services Include
ALL THE RESOURCES TO BRING
YOUR PRODUCTS TO THE U.S.
TECHNOLOGY COMMERCIALIZATION
PARTNERSHIPS
LifeScience Alley (LSA), the nation’s
largest state-based life science trade
association, has a 26-year track record
of enabling biobusinesses succeed. It is
a critical resource to help companies
navigate the government approval
process and bring their products to the
market faster.
The University of Minnesota has teams
specializing in research and licensing
agreements for medical devices,
diagnostics, biologics, sterilization
processes, and materials engineering – the
full breadth of potential dental tools and
products. The Medical Device Opportunity
Licensing Program was designed to make
it quick, easy and affordable for design and
development companies to license medical
and dental device technologies at the idea or
proof-of-concept stage.
The U.S. Medical Device Innovation
Consortium (MDIC) is a joint venture
between LSA and the FDA’s Center for
Devices and Radiological Health. The
MDIC is the only public-private
partnership created with the sole
objective of advancing medical device
regulatory science.
The Office for Technology
Commercialization has had unmatched
success in helping ideas prosper. In 2012,
the office had 115 patent filings, 71 new
licenses, 321 disclosures and 12 Universityaffiliated start ups.
Regional Areas of Strength
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Financial
advisory
Banking
Insurance
R&D centers
Software/ IT
Advanced
manufacturing
Energy/
renewables
Financial Services
& Insurance
Health & Life
Sciences
Innovation &
Technology
>
>
Food Processors
Food Production
> Bio tech
> Healthcare Providers
> Healthcare Payers and IT
> Medical devices
Headquarters
& Business
Services
Food &
Agribusiness
12
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Agrichemicals
Seed production
> Corporate headquarters
> Creative services
> Professional services
> Data centers
2012 Performance
31 PROJECTS
5,218 JOBS
$453M CAPITAL INVESTMENT
Jobs by Company Type
1,261 Jobs
24%
Health &
Life Sciences
8 health and life science projects
include:
• Corporate headquarters
• Offices
• Research and development
facilities for medical devices
• Data centers for health systems
• Distribution center for
pharmaceutical products
Average Salary “Above Average”
$50,900
Average Salary
in Region
334,900 SEK
37%
difference
Average Salary on
Completed Life
Science Projects
$40,000
$69,890
459,860 SEK
$50,000
Source: Occupational Employment and Wages, Q3 2012
$60,000
$70,000
Foreign Direct Investment
7 out of 31 Projects
Top 10 Reasons for doing business in
Greater MSP
1. A robust, diverse economy.
2. A highly educated, productive workforce.
3. A legacy of business innovation.
4. A growing population and labor force.
5. Easy access to regional, national and global markets.
6. Central time zone.
7. Reliable, affordable utilities.
8. Easy to do business.
9. Exceptional quality of life.
10. A hot market for small businesses.
SWEDISH INFLUENCES IN
GREATER MSP
A SCANDINAVIAN HERITAGE & OUTLOOK
Economy & Geography
Topic
Sweden
Minnesota
Population
9.6 million
5.3 million
Largest Metro
Population
2 million (Stockholm)
3.4 million (Minneapolis-St. Paul metro)
GDP
$539.7 Billion (USD)
$270.8 Billion (USD)
Climate
Considering its geographic location,
Sweden enjoys a favorable climate.
This is mainly because of the Gulf
Stream, a warm ocean current that
flows off Norway’s west coast.
Minnesota's location in the Upper
Midwest allows it to experience some of
the widest variety of weather in the
United States, with each of the four
seasons having its own distinct
characteristics.
Population & Demographics
Over 32% of Minnesotans
are Scandinavian American.
In the U.S., Minnesota has
the second highest
concentration of
residents who speak
Scandinavian languages
in their home.
Both Minnesota and
Greater MSP are home to
the largest number of
Swedish Americans in the
nation.
Swedish American, 2000 Census
American Swedish Institute
The American Swedish Institute (ASI), headquartered in
Minneapolis, is a vibrant museum and cultural center. The
organization is dedicated to the preservation and study of
the historic role Sweden and Americans of Swedish
heritage have played in US culture and history.
The historic Turnblad Mansion first became home to the
organization in 1929. The new Nelson Cultural Center
addition opened in June 2012 and added a welcoming
reception area, café, gallery, event center, studio craft
classroom, terrace, courtyard, and new Museum Shop
space.
The Nelson Cultural Center consists of traditional
Swedish aesthetics while prioritizing the use of
sustainable technologies. Architectural elements
emphasize natural wood, glass, stone and textiles; an
open and welcoming layout; and handcrafted detailing.
Culinary Tradition: New Nordic Cuisine
“The Bachelor Farmer, a modern — even chic —
restaurant, opened in Minneapolis last year and
playfully blends Scandinavian design and tradition
with a handcrafted food ethos and the friendly
unpretentiousness of the American Midwest.
“A glossy new wing of the American Swedish
Institute opened in July, with a cafe called Fika that
serves top-quality Swedish treats like a smorgas
(open sandwich) made from local ingredients, bakes
its own sourdough rye bread daily and serves
powerful coffee with kladdkaka (sticky chocolate
cake) and thumbprint cookies, crusted with chopped
almonds and filled with gooseberry, lingonberry or
raspberry jam.
“This Scandinavian surge is intersecting with the
most avant-garde movement in food today: New
Nordic cuisine, based on cold-weather crops,
traditional foodways and naturalistic presentations…
The most trendy ingredients for chefs to work with
now include pre-industrial Nordic staples: root
vegetables, fish roe, wild greens, venison, dried
mushrooms, seaweed and cow’s milk.”
Biking & Recreation
• The Greater MSP region leads the country
in health and fitness
– Named the most physically active
metro by the Centers for Disease
Control and Prevention
• The region leads the country in land
dedicated to parks,
– 1,788 lakes
– Nine state parks and numerous city
parks
• Bicycling Magazine has named Greater
MSP the #1 bicycling market in the country.
• Health care and life sciences
• Energy and environmental
technology
• Biobased materials
• Engineering and packaging
• Data centers
• Services Industry
• Construction and
infrastructure
• Logistics and transport
• Retail
• Travel and tourism
• Metals and mining
Source: Statistics Sweden
Source: Busimess-Sweden.se
Greater MSP
Sweden
Industry Strengths
• Health and life sciences
• Food & agribusiness
• Water technologies
• Biobased materials
• Innovation & technology
• Advanced manufacturing
• Data centers
• Headquarters and business
services
• Logistics and distribution
• Hospitality & Tourism
• Financial services and
insurance
A Heritage of Innovation: Windmills to
Wind Turbines
Sweden
Greater MSP
Lake Benton, MN
Testimonials
"Many companies in Sweden are small and afraid to
do business in the U.S. This business climate is
more familiar in Minnesota than Texas and Colorado
and anywhere in the United States. We heard a
number that 35 percent of people in Minnesota are
related to Scandinavian people. We feel a little bit like
home when we go to Minnesota."
-Bengt-Erik Lofgren
CEO of AFAB, a bioenergy consulting firm in Sweden
Swedish Companies Operating in
Greater MSP
Greater MSP Companies operating in
Sweden
Greater MSP Companies Operating in
the Nordic region
Invest, Grow, and Prosper Here
TACK!
Jeffrey Rainey
Project Manager, Business Investment
400 Robert Street North, Suite 1520
Saint Paul, MN 55101
[email protected]
Direct: +1 651-287-5808 | Mobile: +1 651-261-7495