Survey: Minnesota #6 Top State for Business



CNBC America's Top States For Doing Business

CNBC released their America’s Top States For Doing Business and Minnesota comes in at #6.

Minnesota has done very well in recent years:

  • #3 2017

  • #4 2016

  • #1 2015

  • #15 2013

Here is how we did:

2018 – 2017 – 2016 – 2015 – 2014 – 2013 – Category

#3 – #3 – #2 – #3 – #4 – #3 Quality of Life

#5 – #5 – #9 – #6 – #11 – #18 Technology & Innovation

#5 – #2 – #2 – #2 – #12 – #23 Education

#6 – #10 – #5 – #9 – #5 – #8 Infrastructure

#16 – #16 – #15 – #13 – #30 – #32 Workforce

#17 – #16 – #21 – #23 – #11 – #17 Access to Capital

#18 – #6 – #17 – #5 – #5 – #10 Economy

#28 – #33 – #27 – #23 – #15 – #15 Business Friendliness

#29 – #31 – #27 – #32 – #28 – #34 Cost of Living

#38 – #36 – #35 – #35 – #38 – #39 Cost of Doing Business

I’m curious about the economy category and why we seem to be bouncing up and down. That seems odd to me.

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Survey: Minneapolis #3 U.S. City For Entrepreneurs And Start-Ups in 2018



18 Business.Org Top 10 Cities For Entrepreneurs And StartupsBusiness.org has Minneapolis placing #3 on their Top 10 US Cities for Entrepreneurs and Start-Ups in 2018.

Yes… #3.

“Up north, Minneapolis (along with its Twin City, St. Paul) boasts similar population age, education, and overall affordability numbers to Austin, if not quite the same cultural cachet. The real story here is Minneapolis’s start-up growth—a remarkable 121.3%, the highest of our top 10. In contrast to the state’s inexpensive cost of living, Minnesota’s tech pay is almost twice as high as the average state wage.”

That’s a short and sweet highlight of why one should consider doing tech in Minneapolis and St Paul and click for my An Intro To The Minnesota Startup And Tech Scene to learn more about what is going on in Minneapolis, St Paul, Minnesota and the Midwest.

Here is the Top 10:

  1. San Francisco, CA
  2. Austin, TX
  3. Minneapolis, MN
  4. San Jose, CA
  5. Columbus, OH
  6. Nashville, TN
  7. Seattle, WA
  8. Boston, MA
  9. Portland, OR
  10. Denver, CO

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Best Places To Work In Minneapolis And St Paul 2018 v3


Top Work Places 2018

The Minneapolis StarTribune released their 2018 Top 150 Workplaces. While that is the top list there are also a bunch of companies that did well:

“These 119 Minnesota employers scored high enough to meet Energage's (formerly Workplace Dynamics) national benchmark as a Top Workplace, although not high enough to crack the Top 150 Workplaces.”

Congratulations to current and former clients Daugherty Business Solutions and When I Work and friends Calabrio, Drip + Leadpages, Field Nation, TempWorks Software and Total Expert.

There is not much overlap between this and the MSP Business Journal list I posted here =>

And of course no overlap with the Top 150 I posted here =>

Like the other lists… this is a solid group of companies so should you find yourself looking for a new place to call your work “home” this is a good place to start.

This list is only alphabetical (not ranked):

ACI Asphalt & Concrete
Alliant Engineering Inc.
Amplifon Americas
Andy's Liquor
Animal Humane Society
Arvig
Baker Tilly Virchow Krause
BankVista
Banner Engineering Corp
BDO USA, LLP
Bonfe Plumbing, Heating, & Air Service
brightpeak financial
broadhead

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MSP On Deck Podcast #20: Kyle Coolbroth Co Founder And CEO Of Fueled Collective


MSP On Deck

In this episode we have a guest… Kyle Coolbroth (@kcoolbroth), Cofounder and CEO of Fueled Collective (formerly CoCo).

We start with Kathy asking our thoughts on the Structural $2.5M funding announcement. Casey talks about the leadership team and I talk about what they are working on. Kyle talks about Scott Burns, Structural CEO, and I was not aware that Structural was originally at Fueled Collective (then CoCo). We’re bullish on Structural.

Kyle talks about Osborne370 and what it means to St Paul and the tech and business community.

That leads us into a St Paul conversation and what is going on there with properties and commercial real estate. And some issues St Paul has.

We transition to talking about CoCo (now Fueled Collective) started.

Kathy asks what might be the best, funniest question ever on our podcast… what is the Fueled Collective “community adjusted EBITDA” referring to the recent WeWork news.

That gets us into talking about the impact WeWork has had on coworking. Kyle gives us his and some industry insight on WeWork.

We talk about the tech companies, startups and large companies that have been in the Fueled Collective space. Thankfully Kyle made a list:

  • Tech: Structural, Leadpages, Jamf, phData, Particle, Players Health, SportsEngine, Kidizen, Kidblog, Kipsu, HomeSpotter, Mobiata, NativeX, Work Out Loud, Zipnosis, Apruve, Vugo, Docalytics & 8th Bridge

  • Enterprise: Google, 3M

  • Revolution Capital

  • And some non profits

Casey asks about how and why enterprise companies are getting involved in coworking spaces.

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Best Places To Work In Minneapolis And St Paul 2018 v2


Minneapolis StarTribune Top Workplace

The Minneapolis StarTribune released their 2018 Top 150 Workplaces.

Congratulations to friends Kipsu, Reeher, sdg, SportsEngine, Code42 Software and C.H. Robinson.

There is not much overlap between this and the MSP Business Journal list I posted here => Best Places To Work In Minneapolis And St Paul 2018 v1.

Like that list, this is a solid group of companies so should you find yourself looking for a new place to call your work “home” this is a good place to start.

Small

1 Kipsu Inc.
2 Gentle Transitions
3 Serenity Couture Salon & Spa
4 Brighton Home Health and Hospice
5 Relationship One
6 Valley Rehabilitation Services
7 Pioneer Bank
8 Ovative/group
9 Success Computer Consulting
10 J.L. Buchanan
11 Intertech Inc.

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Best Places To Work In Minneapolis And St Paul 2018 v1


MSP Business Journal Best Places To Work 2018


Minneapolis and St Paul Business Journal released their 2018 2018 Best Places to Work.

Congratulations to current and former clients Livefront, phData and friends Structural and Clockwork.

This is a solid list of companies so should you find yourself looking for a new place to call your work “home” this is a good place to start.

Extra Small

  • Advent Group
  • AIM Consulting Minneapolis
  • Ambrion
  • Beehive Strategic Communication
  • Celarity
  • CureIS Healthcare Inc.
  • Demand Chain Systems
  • Hallett Financial Group
  • Harbinger Partners
  • Livefront
  • Media Bridge Advertising
  • Medical Alley Association
  • Modern Foundation
  • Newmark Knight Frank
  • Quotacy Inc.
  • StoryTeller Media + Communications
  • Structural
  • Structure Tech
  • SuperClean Brands
  • Supreme Lending

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Minnesota Morning: Recruiter Jobs, Foundry And Arthur Ventures Partner, Minnesota May Jobs Report And Flipgrid Acquired By Microsoft


I haven’t posted one of these in a while (and started writing this last Friday)… mostly because it seems so many things are moving so fast (not necessarily a good thing) I’m not keeping up. I have also noticed the number of updates on @MNHeadhunter and LinkedIn have declined. I’ll be working on that.

Maybe it’s also in part because we went from winter to summer in a few weeks and I have been doing my best to enjoy it. And the dock was finally installed last week so no longer shore fishing. I am hoping to find some bigger fish than the past couple of weeks. Some photos are below.


Minnesota Recruiter Jobs

I started Minnesota Headhunter in 2005 as a way to get things out of my head, share some news and create some conversations. Jan 1 0f 2008 I started posting Minnesota Recruiter Jobs as a way to better network the local recruiting community. Since then I have posted 1,271 recruiter jobs.

Over the years there are some trends I have noticed about the time of year when recruiter jobs are posted and then 6 months or so later there is an uptick in hiring. Also, when recruiter jobs lag then one sees a slow down in hiring. Of course at the beginning of every calendar year there is a spike. The past 2 years I have had 30 jobs posted around the New Year. That number has always dropped to the low 20’s by the end of Q1.

This year it happened again but this time… the numbers have continued to increase. I blew by the 40 number for the first time 6 weeks ago. Last week I went over the 50 mark and stayed above it this week.

While there have been a number of economic surveys predicting a slow down or recession in 2020 there is little sign of it right now in the Minneapolis and St Paul jobs scene.

Click


Foundry and Arthur Ventures Partner

Yesterday this was posted on the Foundry Group blog, Our Investment in Arthur Ventures including:

“We’re excited to have partnered with the Arthur Ventures team to get more exposure to companies outside Silicon Valley as we are big believers that incredible companies can be built anywhere.”

I am a big fan of Patrick Meenan and the team at Arthur Ventures and have been fortunate to work with a couple of their funded companies. They do a great job supporting their portfolio. Their partnering with Foundry is a big win for all.


Minnesota May Jobs Report

I have not mentioned a monthly jobs report in a long time. This one catches my eye for a couple of reasons… as we get closer (or are already at) to “full employment” I am wondering what types of jobs are being filled and at what compensation. And the second part is an obvious one… our job growth is lagging behind other states. But that makes sense. If other states have more people to enter the work force of course they will grow more jobs. I guess this is good and bad news… we have more jobs than people who can fill them.

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Minnesota Headhunter On The Schmidt List Podcast


Minnesota Podcast

A couple of weeks ago I sat down with Kurt Schmidt to record a session of his The Schmidt List podcast. Kurt is the President of Foundry (@FoundryMakes | Instagram) and he can be found by clicking LinkedIn, @KRTS & The Schmidt List with (as I post this) 36 podcast episodes. We’ve bumped into each other a number of times over the years and had a bunch of quick chats. But this is the first time we had some quality time. Here is his current bio:

Kurt Schmidt began his career as a graphic designer and filmmaker in the skateboarding and BMX biking industry.

In 1991, while recognized as one of the top twelve professional bike riders in the world, he co-founded Standard Byke Company.

In 2010, he was tapped by The Nerdery to be the Director of Project Management and has been responsible for the delivery of over $300 million in software development and design.

Currently, as the President of Foundry, he leads product design workshops, drives digital transformation initiatives, and hosts a weekly Podcast called “The Schmidt List” where he interviews leaders in design and technology.

While well versed on his business and technology background, I did not know about his BMX skills until after we recorded. Where have I been???

Here is what we covered over the hour (we had wayyy more things we could have riffed on) and you can listen below. Be sure to check out The Schmidt List on iTunes.

We start by talking about how I got into recruiting (old school, answered an ad in the newspaper) and how “Minnesota Headhunter” came to be and my then lack of SEO knowledge.

We talk about how the Minnesota Recruiters group started including a nod to John Sumser.

“What makes a good recruiter” is a fantastic question.

I get to ramble a bit on why some recruiters suck and I stick up for my corporate recruiter and HR friends.

I take to task the line CEO’s give that they want the best and the brightest and why I think that is BS.

Can a technologist burn a bridge with a recruiter?

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MSP On Deck Podcast #19: Reeher And Redbrick Acquired, Gravie Funding, Minnesota Recruiters And Minnesota Tech Layoffs


MSP On Deck Logo

We start this episode talking about Redbrick Health… a frequent topic on our show and a group we had been thinking would have an “event” of some sort later this or next year. Out of the blue they are acquired by private equity and merged with another group.

Casey walks us through why this is a bummer. It’s not a great exit and he talks about who did well or in this case not well. The one bit of good news is it appears to some extent the Minneapolis office will continue on.

I of course go on to who is next to have a bell ringing moment… seems like this leaves us with Code42 as “next team up” and a few groups down the road including Calabrio.

You will hear why Casey calls Digital River the JCPenney of Minnesota SaaS.

Kathy brings us back to Redbrick and how corporate wellness programs may not be as cool a business as once thought.

We move on to the Gravie funding announcement (note, I am a customer/user) and speculation on who would be interested in buying them.

And the Reeher acquisition that we all agree was a sweet win… a bootstrapped group and a buyer who will continue to grow the team in St Paul.

Good news… I talk about how the recruiting recruiters trend is continuing and how this is a predictor of how the economy is going.

Bad news… the Capital One layoffs and ONE20 “shutdown”.

Casey talks a bit and is real direct about how a CEO should handle bad news or the closing of a company.

We talk about the startup career fair at WeWork.

Kathy made a “mistake” and asked if I had anything else to rant about… I mentioned I had written about Amazon HQ2 => A Bunch Of Thoughts… Minneapolis And Amazon HQ2

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3 Lessons Learned From Minnesota Tech Layoffs: Capital One And ONE20


Laid Off

Back in December on the MSP On Deck podcast we made 2018 predictions and mine was that we would see continued greater tech hiring and we would see more layoffs… that we would see more churn in 2018 than 2017. To hear the episode click:

MSP On Deck #12 - The most popular tech news stories of 2017 + what big things are in the pipe for 2018?

At the beginning of May news broke that the Capital One office in St Cloud had cut around 24 tech staff:

Capital One announces another round of layoffs in St. Cloud

This one is not a big surprise… Capital One has been reducing the size of the St Cloud office.

Mid May the staff of Minneapolis startup ONE20 arrived on a Monday morning to find the office door locked. Outside of the company this one caught people off guard. Internally it seemed that many were aware things were rocky. There also seems to be some drama about this one regarding current customers, a few employees being retained (most are not) and what comes next:

Minneapolis Truck Tech Startup ONE20 Crashes, Laying Off 50+ (Tech.mn may require a subscription)

There have also been a number of groups that have “realigned” in some fashion causing 5 layoffs here and 10 there while still hiring across the company.

Here’s the deal and I swear I feel like this is old advice that doesn’t need to be said but then it does when tech pros are surprised to hear of layoffs. And I think I spoke about this during my Minnebar session or maybe because it seems to come up all the time… generally companies are going to do what they need to do to keep shareholders and investors happy. Whether you work at a private/public/startup, large/small, agency/med tech/manufacturing company this includes you. Which is almost everyone.

Including you.

So no one should be shocked, surprised or otherwise taken aback when something like this happens.

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