People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
No, but the tax system is better there.
Greener pastures? A tale of the Minnesota startup that was
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Re: Greener pastures? A tale of the Minnesota startup that was
#12As a lover of the Twin Cities, this is definitely a saddening read. Minnesota is a pretty great place to work in tech as an employee, but it's not currently the thriving area of tech innovation I'd love to see it become. It's too bad, too, since in theory the Twin Cities has a lot going for it for startups: lower cost of living, highly educated workforce, and theres nothing like a long, bitter, winter to justify long…
It can if there is no historical technology culture. MN is in a bad spot because it has high taxes and no history. Plus, the government (both state and local) really don't care about technology startups. Heck, most of the large IT shops in the area are run by people who don't want tech startups because that would increase their costs. They already recruit from around the area (Iowa and ND) for tech to keep the price down.
Re: Greener pastures? A tale of the Minnesota startup that was
#13People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
No, not miles of empty land, just a change from some of highest taxes in the country to the some THE lowest.
Re: Greener pastures? A tale of the Minnesota startup that was
#14On radio in the Twin Cities, you continually hear advertising for companies to move to Sioux Falls, South Dakota. The Tax Foundation rates SD #1 and MN #43 in their State Business Tax Climate Index. Texas is rated #11, and I am pretty sure it is not hyperbole that if all their MN staff moved to TX they could hire another developer.
It's not--want to see my excel sheets?
I wish the Governor and the State House and Senate leader would see it.
Re: Greener pastures? A tale of the Minnesota startup that was
#15People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
Plus, in a lot of towns in the Dakotas, the broadband is way cheaper and way faster then the Twin Cities.
Re: Greener pastures? A tale of the Minnesota startup that was
#16I'm sure tax rates play a role, but think the bigger issue is the lack of depth and/or interest among angels/VCs for software start-ups in MN. Now, if you have a medical device start-up spinning out of Medtronic or the U of MN, that's another story...
Re: Greener pastures? A tale of the Minnesota startup that was
#17People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
Taxes are famously lower and South Dakota does a fair amount of radio advertising promoting the taxes as such.
Re: Greener pastures? A tale of the Minnesota startup that was
#18As a former Minnesotan I can say that it goes beyond taxes. The culture in Minnesota is very risk averse and if you're starting a software company finding able software developers is very difficult. Because of that culture, finding funding is very difficult as well which pretty much confines the field of potential startups mostly to ones that can be bootstrapped.
It's a shame because there is a pretty vibrant tech community in the Twin Cities. But it leans very heavily to contracting and consulting. I'd suggest going elsewhere to start a company and moving to Minnesota when you're ready to raise a family.
Re: Greener pastures? A tale of the Minnesota startup that was
#19People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
No, not miles of empty land, just a change from some of highest taxes in the country to the some THE lowest. http://www.census.gov/govs/statetax/09staxrank.html
Why the down votes for linking to a supporting document?
Haters going to hate?
Re: Greener pastures? A tale of the Minnesota startup that was
#20Earlier quoted context omitted.
No, not miles of empty land, just a change from some of highest taxes in the country to the some THE lowest. http://www.census.gov/govs/statetax/09staxrank.html
Why the down votes for linking to a supporting document? Haters going to hate?
Because the supporting document shows total state taxes, not tax rates. In other words, the supporting document doesn't.