Economic Opportunities in Hutchinson, MN
Hutchinson, Minnesota, is just an hour away from the cities. With 1/3 of local employees involved in the manufacturing sector, it’s easy to see why Hutchinson is considered Minnesota’s center for high-tech manufacturing. A significant portion of the workforce is involved in highly skilled jobs, like engineering and science. The city also offers a workforce development program called TigerPath, which uses several strategies to encourage high school students to explore skilled jobs. Hutchinson is also located near Ridgewater College, where students can gain customized training in robotics, machine tool technology, welding, and more.
Hutchinson is also a center for employment, education, and shopping. In the past 20 years, the city has been responsible for 75% of retail sales and 73% of population growth in McLeod County. The area features a low unemployment rate—2.8% in 2022—and a flat rate for corporate income tax—9.8%. Nationally, Hutchinson is in the top 5% for reliable power service and has a newly upgraded water treatment plant that uses reverse osmosis and biofiltration to meet the city’s clean water needs.
Hutchinson welcomes new businesses with certified shovel-ready sites, building spaces, an industrial park, and manufacturing buildings. For qualified companies, shovel-ready sites are available for $1 through the city’s $1 Lot Program. Other financial incentives include:
- Minnesota Investment Fund (MIF)
- Job creation fund
- Minnesota Job Skills Partnership
- Job Training Incentive Program
Commercial Real Estate Brokers in Hutchinson, MN
For business owners looking for commercial real estate services in Hutchinson, Commercial Realty Solutions can help. Our team of experts provides full-service business brokerage services and can help you lease, buy, or sell your business or commercial real estate. We have years of experience helping commercial property owners buy and sell real estate with the highest level of professionalism and respect. Contact our office today to learn more.