23 of 100
BACK NEXT
23. Minneapolis
Population: 374,956
Pros: Financial support for entrepreneurs, scenic lakes
Con: High taxes

Minnesota may be the land of 10,000 lakes, but its biggest cities are also filled with thousands of entrepreneurs. Minneapolis, in particular, has been working hard to recruit and support small business.

The Emerging Entrepreneur Capital Acquisition loan program is one example of the city's low-interest financing options available to new and expanding companies. To ease the pains of filing for permits and licenses, the Minneapolis Community Development Agency opened a one-stop business center in its office. The research and resources of the University of Minnesota and other area colleges have greatly contributed to the growth of the city's high-tech sector. One potential sticking point for entrepreneurs: Minneapolis has high state and local taxes.

Minneapolis' lakes offer recreational activities and scenic getaways, and private donors and foundations have invested $500 million in developing the city's art and cultural scene. Hot spots include the Walker Art Center, which hosts music, dance, film, theater, and educational activities. Other amenities in the metro area include the Minneapolis Sculpture Garden, five professional sports teams, and the Mall of America. -Brandi Stewart

Interactive map: Minneapolis
Homes for sale Find homes for sale in Minneapolis


NEXT: 24. Fargo, N.D.

Last updated July 02 2008: 11:16 AM ET
More Galleries
7 hot businesses to start now It's hard to predict what businesses will take off, but these startup ideas have been drawing tons of interest from entrepreneurs and their customers on Thumbtack.com. More
How will a minimum wage hike hit businesses? Thirteen states increased the minimum wage on Jan. 1, and President Obama supports raising the federal rate to $10.10. 4 small business owners weigh in on how an increase would affect them. More
America's favorite businesses From a science camp for girls to a kombucha brewer, communities around the country voted on their favorite small businesses. These 12 came out on top, each scoring a $250,000 grant from Chase and a trip to Google's headquarters. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.