Minneapolis Saint Paul Regional Economic Development Partnership.

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

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”

WE WILL BE RECOGNIZED as a globally leading economy where business and people prosper.

8

THE GREATER MSP REGION

$200 billion in GMP

13 county MSA

More than 3 million residents

44th largest global economy

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• County planning agencies

DEVELOPMENT AND COORDINATION OF INCENTIVE PACKAGES INCLUDING: • State of MN incentives• Capital asset funding• Utility-based programs

• Utility-based programs• Workforce training• Local tax abatement

and tax increment financing

• State agencies• Utilities

GREATER MSP Services Include

ALL THE RESOURCES TO BRING YOUR PRODUCTS TO THE U.S.

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 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.

TECHNOLOGY COMMERCIALIZATION PARTNERSHIPS

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 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 University-affiliated start ups.

>Corporate headquarters

>Creative services >Professional services >Data centers

> R&D centers> Software/ IT> Advanced

manufacturing

> Energy/renewables

Regional Areas of Strength

12

Innovation & Technology

Headquarters & Business

Services

> Financial advisory

> Banking> Insurance

>Bio tech>Healthcare Providers>Healthcare Payers and IT>Medical devices

> Food Processors> Food Production

>Agrichemicals>Seed

production

Financial Services

& Insurance

Health & Life Sciences

Food & Agribusiness

2012 Performance

31 PROJECTS

$453M CAPITAL INVESTMENT

5,218 JOBS

Jobs by Company Type

1,261 Jobs24%

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”

Source: Occupational Employment and Wages, Q3 2012

$40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000

$69,890

$50,90037%

difference

Average Salary in Region

Average Salary on Completed Life

Science Projects

334,900 SEK

459,860 SEK

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 MSPA SCANDINAVIAN HERITAGE & OUTLOOK

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.

Economy & Geography

Population & DemographicsOver 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 InstituteThe 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.

“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.”

Culinary Tradition: New Nordic Cuisine

• 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.

Biking & Recreation

Industry Strengths

Source: Statistics Sweden

Sw

eden

• Health care and life sciences

• Energy and environmental technology

• Biobased materials

• Engineering and packaging

• Data centers

• Services Industry• Co

nstruction and infrastructure

• Logistics and transport

• Retail

• Travel and tourism

• Metals and mining

Greate

r MSP

• Health and life sciences

• Food & agribusiness• W

ater technologies

• Biobased materials

• Innovation & technology• A

dvanced manufacturing

• Data centers

• Headquarters and business services• Lo

gistics and distribution

• Hospitality & Tourism

• Financial services and insurance

Source: Busimess-Sweden.se

A Heritage of Innovation: Windmills to Wind Turbines

Sweden

Greater MSP

Lake Benton, MN

"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 LofgrenCEO of AFAB, a bioenergy consulting firm in Sweden

Testimonials

Swedish Companies Operating in Greater MSP

Greater MSP Companies operating in Sweden

Greater MSP Companies Operating in the Nordic region

TACK!

Jeffrey RaineyProject Manager, Business Investment400 Robert Street North, Suite 1520

Saint Paul, MN  [email protected]

Direct: +1 651-287-5808 | Mobile: +1 651-261-7495

Invest, Grow, and Prosper Here