Several efforts are emerging in the greater Minneapolis-Saint Paul, MN (MSP) region (also referred to as the Twin Cities) to support more strategic partnerships and align investment decisions to support regional economic competitiveness. The Twin Cities region is known for its regional governance and collaboration on a range of issues including transportation, revenue sharing and waste water infrastructure. The region is also home to more Fortune 500 companies per capita than any other metro region and a population that is, on average, relatively well educated and financially stable.
Concerns have arisen over the last decade that economic and racial disparities are increasing, and that economic growth including business start-ups and wage rates are not keeping pace with regional expectations. In response, the Metropolitan Council (Met Council) and the newly created Greater MSP Partnership, among other regional economic stakeholders,are refining their efforts to advance equitable economic competitiveness for the Twin Cities region.
Through funding from the McKnight Foundation, the National Association of Regional Councils (NARC) and MZ Strategies, LLC (the Project Team) partnered to survey a subset of regional planning agencies and examine efforts in Denver, Kansas City and Seattle metropolitan areas to highlight different approaches to economic competitiveness.
The study provides a snapshot of regional economic innovation and collaboration necessary to achieve equitable economic growth in the greater Minneapolis-Saint Paul metropolitan area.
The survey was distributed by NARC to directors and/ or lead economic development staff at 30 pre-identified regional agencies based on similarities and appropriateness to serve as a model for the Minneapolis-Saint Paul region. Overall, 16 of 30 regions responded -- a response rate of 53 percent.