MN Tech Corridor Partnerships Support Tech Company Growth
24 Nov 2021
The Minnesota Technology Corridor is an initiative resulting from strategic regional partnerships - partners operating under a single mindset of growing the regional economy through the attraction and growth of technology companies. “The MN Tech Corridor has a lot to offer technology companies. Our proximity to Twin Cities talent, the MSP Airport, and Fortune 500’s makes us an ideal location for companies with a growth mindset. Through our regional partnerships, we are looking to promote the benefits of locating in the region, while making sure that the companies who do come here are supported on an ongoing basis,” said Chris Eng, Economic Development Director for Washington County Community Development Agency.
The Corridor is ideally situated, offering proximity to the interstate, one of the nation’s largest international airports, and top-tier universities. But, that’s not all the MN Tech Corridor has to offer. Commercial sites are abundant here. And, they’re affordable. “Part of the support we offer is on the site preparation side. As a partnership, we have communities and organizations working together to prepare sites for development. Some have even conducted the necessary studies to demonstrate to tech companies why this is the right location for their growth,” said Samantha Markman, Economic Development Director, Anoka County Regional Economic Development. “By putting in the work upfront, we are demonstrating our commitment to making it as easy as possible for tech companies to get up and running in the MN Tech Corridor.”
Executives and site consultants are invited to view these studies and to seek site location assistance from the MN Tech Corridor group. “We can gather the data, prepare site information and conduct tours,” said Markman. “Once a company has decided to locate in our region, we can also help them to obtain financial incentives to make the project more attractive.”
This is where the strength of the partnership really shines. Organizations like Connexus Energy are part of the MN Tech Corridor and offer assistance to businesses on the energy side. “We offer affordable energy solutions, including options for renewable energy that is very attractive to tech companies. Data centers, in particular, find that our energy rates are low enough to reduce their operating expenses,” said Bruce Sayler, Principal - Community and Economic Development at Connexus Energy. “At Connexus, we are willing to work with businesses to see what can be done to make their project viable. We are all about finding solutions.”
The solutions-mindset is something that everyone involved in the MN Tech Corridor has. “Attracting technology companies to our communities will benefit our economy for years to come. As a group, we are offering hands-on support and solutions to make projects work because we understand the long term value,” said Eng. “As for tech companies themselves, moving here will save them money. Land prices are cheaper, we have some of the lowest energy rates in the country and incentives are available. When combined with the top tech talent graduating from local colleges, moving here is truly a win-win for everyone.”
If your company is interested in exploring opportunities within the MN Tech Corridor, contact us.