The twin cities of St. Paul and Minneapolis are the two most populous cities in Minnesota. These twin cities present an investment opportunity that shouldn’t be missed, and here are just some of the factors that show a strong economic outlook for the region’s future:
- Insurance provider UnitedHealth Group Inc. announced plans to add 1,700 employees in the Twin Cities over the next six months. The company’s headquarters is located in Minnetonka, about 8 miles west of Minneapolis.
- UPS plans to hire 1,400 seasonal and permanent workers during the holiday season at its Eagan, Minneapolis, Maple Grove, and MSP Airport locations.
- Amazon will open a new fulfillment center on a 63-acre site in Shakopee, generating 1,000 full time positions by early 2017. Comcast, meanwhile, will increase payrolls by 400 at its St. Paul office by early 2016.
- The Mystic Lake Casino Hotel in Prior Lake will create 400 construction and 100 permanent jobs as it renovates and builds additional rooms. Construction will begin in April next year, and finish by the end of 2017.
Download the most recent Minneapolis market to learn the additional factors supporting region’s status as one of the great opportunities for investing in single family rentals.