Reasons to Locate in the Corridor
Abundent, affordable real estate
Low energy rates
Easy access to tech talent
Low cost for businesses and employees
Perfect spot for tech companies to locate
Perfect spot for tech companies to locate
The Minnesota Technology Corridor is the ideal location for data centers. Already, there are approximately 200 data processing, computer design and hosting companies between Anoka and Washington Counties, with over 20 data processing, computer design and hosting companies located within the Corridor.
Their reasons for doing so include access to affordable electricity. The electric costs within the Corridor are 23% lower than the U.S. Average and there are 100% renewable options. In addition, an abundance of reliable fiber from multiple companies allows for fast data processing. When combined with available real estate, the Corridor is incredibly attractive for site selectors and data center executives searching for a location near tech talent. Search for sites up to 250-acres here.
R&D facilities benefit from the abundance of available real estate near the Twin Cities and 30-minutes from the MSP International Airport. The Minnesota Technology Corridor is one of the only locations in the country that is considered a Top Talent Market and has up to 250-acres of shovel-ready land available for development. The combination of talent and real estate is unique to this area and it is a key driver in R&D growth.
R&D facilities partnering with Fortune 500 and Fortune 1000 companies also benefit from a location in the Corridor, given the area’s proximity to all 18 of the Fortune 500 Companies headquartered in Minnesota, along with 25 Fortune 1000 Companies.
Software companies are attracted to the Minnesota Technology Corridor, in part, due to the region’s abundant tech talent. There are 10,000+ STEM students graduating in the region per year, with Forrester Research naming the area a Top Talent Market. There are over 136,000 tech jobs locally, with a 52% growth rate over the past five years. This meteoric growth has made the region a top destination for software companies, including those like Vero Software and Sage Computer Solutions Inc., who are located within the Corridor.
Software companies also find value in the cost savings they receive by locating in the Corridor, as opposed to Silicon Valley. Labor, land and energy costs less in Minnesota and that allows companies to have more capital to invest in growth. These are just some of the reasons the region is home to Cushman Wakefield’s Top Tech City in North America.
Engineering firms are growing in and around the Minnesota Technology Corridor. With over 10,000 STEM students graduating in the region per year, local engineering firms like NATRA Electronics have access to the top talent they need to expand and grow.
From a location perspective, the Corridor offers engineering firms additional advantages such as access to a major international airport. The MSP International Airport is only 30-minutes away. In addition, the Corridor is located within 30-minutes of the 18 Fortune 500 Companies headquartered in Minnesota - creating opportunities to work with major corporations and the businesses who support them.
Medical and Health Care Firms
Medical and Health Care firms are choosing to locate in the Minnesota Technology Corridor, in part, to support the growth of the Twin Cities region and the 616,043 who call the Corridor home. This area of Minnesota has experienced rapid and sustained growth that has been driven by a high quality of life, job creation and the region’s many educational institutions. These universities make it easy for Medical and Health Care firms to recruit top talent right out of college, or away from other firms.
In fact, with the Corridor located within 30-minutes of all 18 Fortune 500 Companies headquartered in Minnesota, local firms are able to pull from experienced talent both for managerial and board positions.
Another advantage of locating in the Corridor can be found in the abundance of available real estate located near major interstates and the MSP International Airport.
Finance and Commerce Companies
The Finance and Insurance industry is growing within the region with occupations having grown by 5.9% between 2011 and 2016. This growth has been spurred by overall economic growth and by the large financial and insurance firms calling the area home. As a Top Talent Area, the region can support this growth and local universities ensure that enough students are regularly graduating to fill job vacancies.
Another reason that Financial and Insurance companies are choosing to locate in and near the Corridor is the ready access to the MSP International Airport - only 30-minutes away. In addition, the Corridor has available property that is ideal for expanding headquarters or satellite offices.
All premier sites are proven to have the necessary utility access, competitive speed to market, and feasibility for a variety of project needs. Search for sites up to 250-acres here.