The
Minnesota Office of the Secretary of State reported that new business filings in 2012 represented an 18 percent increase over the previous year, and constituted the second highest number of new filings in the state's history.
Over 60,000 new businesses were filed last year. As
noted by Twin Cities Business, the record was set in 2009, when the state had over 63,000 new filings. However, that increase is largely attributed to a shift in filing practices implemented by the Minnesota Department of Commerce.
"New business filings reflect Minnesota's great business climate," said Secretary Mark Ritchie in a statement. "As our economy continues to improve in 2013, new business filings will remain strong."