Director of Communications
Minnesota Department of Transportation
Office of Communications
395 John Ireland Blvd
Mail Stop 150
St. Paul, MN 55155-1899
CNBC report ranks Minnesota #2 in infrastructure and transportation
ST. PAUL, Minn. – Minnesota was ranked second in the nation for its infrastructure and transportation system in a recent CNBC special report on America’s Top States for Business 2012. Minnesota was behind Texas, which was also named the top state overall for business.
This was the sixth year that CNBC conducted the study, which rates states in 10 categories using 51 metrics developed with input from the National Association of Manufacturers, the Council on Competitiveness, and the states themselves.
This year’s categories were: Cost of Doing Business, Workforce, Quality of Life, Infrastructure & Transportation, Economy, Education, Technology & Innovation, Business Friendliness, Access to Capital and Cost of Living.
In the category of Infrastructure & Transportation, the study measured each state’s transportation system by the value of goods shipped by air, land and water. It also looked at the availability of air travel in each state, and the quality of the roads. “Access to transportation in all its modes is key to getting your products to market and your people on the move,” the report noted.
“MnDOT and our partners have worked hard at improving Minnesota’s roads, bridges and intermodal connections to enhance the public’s quality of life and the economic vitality of our state,” said Tom Sorel, Minnesota Department of Transportation commissioner.
“We use enterprise risk management to help us determine what, how and when we will work on the transportation system, and we use innovative engineering and funding techniques where possible to best implement our plans and bring the highest value for Minnesotans.”
The data used for the rankings were based on a number of sources, including the Census Bureau, Standard & Poor’s, Bureau of Labor Statistics and Moody’s.
To read the full CNBC report and see how Minnesota ranked in other categories, visit http://www.cnbc.com/id/46414199/.