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Earlier 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?
People 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.
As 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 co…
Earlier 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?
Here goes, taxes are lower in South Dakota.
http://www.taxfoundation.org/research/topic/37.html
"Minnesota ranks 43rd in the Tax Foundation's State Business Tax Climate Index."
"Neighboring states ranked as follows: North Dakota (25th), South Dakota (1st), Iowa (46th) and Wisconsin (42nd)."
"Minnesota's 2008 state-level individual income tax collections were $1,493 per person, which ranked 5th highest nationally."
People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
On a serious note, the people in the midwest are wonderful and it would be great if there were more opportunities to launch and build startups there. But you need to build a critical mass of entrepreneurs, investors, advisors, and resources that will nurture such startups and, without that, it will remain hit or miss for any given locale that supports only intermittent startup activity. The good news is that it is possible to launch from such places (where, even a decade ago, this would have been almost unthinkable). As this piece points out, though, it is not easy to sustain the company beyond the earliest phase without the connections and resources that will facilitate growth.
People are moving their startups from Minnesota to the Dakotas ? Does your startup need hundreds of square miles of empty land?
Hey, I grew up in the Dakotas many years ago - it is not empty land but flat land with lots of ten-foot-high snow drifts through most of the year. Just wanted to clarify. On a serious note, the people in the midwest are wonderful and it would be great if there were more opportunities to launch and build startups there. But you need to build a critical mass of entrepreneurs, investors, advisors, and resources that wil…
It must have been many years ago. Today it is part of the union and is actually 2 states, North and South Dakota.
Kidding aside, I don't see either state as a real Mecca for start ups. The money is on the coasts. The people with the know how to get big name recognition are on the coasts.
If you want to start a bank or a paper box company, SD is cool. If you want to build a startup that needs facetime with angel investors and social ties to facebook, et al, I don't think the midwest is the place to be.
People 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
On my way back from Alaska in a couple of months I'm going to take a detour east to setup my domicile in South Dakota (I want to see Mount Rushmore and the Crazy Horse monument, anyway). It will save me at least a few thousand dollars next year.
I know Points North (http://www.points-north.com/) managed to obtain quite a bit of angel investment about 4 years ago. I guess Lloyd and Jason just didn't know the right people. Anyway, congrats on their success outside of the Northlands :)