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On December 7, 2018, the Minneapolis City Council directed staff to submit a final draft of Minneapolis 2040 to the Metropolitan Council for their review. This final draft is available in PDF form while staff works to update the interactive website to reflect all of the changes adopted by the City Council.

NOTE CONTENT CHANGES: In response to public input, the proposed content of this policy has changed since its original draft publication on March 22, 2018. To hide or view the mark-ups click the link below.
POLICY 90

Technology in the Economy: Foster a growing technology sector with a vibrant ecosystem of companies, entrepreneurs, funders, mentors, and support organizations.

Forbes magazine has called Minnesota the fastest-growing state for technology sector jobs. The Minnesota Department of Employment and Economic Development (MN DEED) has projected 16,000 technology sector jobs by 2022 in the state, a 15 percent increase from 2017 levels. Minneapolis, specifically Downtown, is experiencing high demand for office space for technology companies and is home to a growing number of established and new technology companies. This presents a strength to build on, and an opportunity to grow employment in a high-demand sector.

ACTION STEPS

The City will seek to accomplish the following action steps to foster a growing technology sector with a vibrant ecosystem of companies, entrepreneurs, funders, mentors, and support organizations.

  1. Engage with and connect technology businesses to resources and information.
  2. Promote and support the amenities of the region to recruit and retain top technology talent.
  3. Invest in education and training to develop a homegrown, diverse tech-based workforce, with a focus on Minneapolis residents.
  4. Expand technology education and training for targeted communities based on a criteria of need.
  5. Draw more investment capital into the Minneapolis technology sector.
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