Minneapolis Saint Paul Regional Economic Development Partnership

What it reported doing in 2024

Greater msp partnership was created a decade ago to be a shared space where leaders and organizations of all types could come together and build the economy for the benefit of the residents of this region. We are realizing this vision as a cross-sector, working partnership that touches every corner of the 15-county minneapolis-saint paul metro. Greater msp is a growing working partnership that together shapes and executes a regional economic development strategy to execute on our vision for the greater minneapolis-saint paul region to lead the world in inclusive economic growth by welcoming all, empowering talent, and igniting innovation.the greater msp partnership has demonstrated the capability of generating significant economic opportunity for people in the region. From its inception in 2012, greater msp has helped its partners generate over $7.7 billion in capital investment and 35,000 new and retained direct jobs. Greater msp has been building on its original scope to ensure that every member of our community can access good jobs and economic opportunity. This emphasis on inclusive growth has powered an expansion in greater msp's scope, capacity, and breadth of participants.greater msp is a large and growing working partnership of community and business leaders and organizations that touches every corner of the 15-county minneapolis-saint paul metro. More than 4,500 people from over 350 leading companies, cities, counties, universities, foundations, and other organizations work together in dozens of different teams each year to create solutions that accelerate global competitiveness and inclusive economic growth across the msp region and state of Minnesota. Our vision for the minneapolis-saint paul region is to lead the world in inclusive economic growth by welcoming all, empowering talent and igniting innovation. To realize this vision, we shape and execute a shared regional economic development strategy focused on: job growth, racial inclusion, entrepreneurship, talent, housing affordability, regional brand, transportation mobility and the new climate economy. This strategy provides focus and direction for all the work of the greater msp partnership. Greater msp has become a large and diverse ecosystem of organizations building innovative solutions, setting audacious long-term ambitions, and breaking through longstanding boundaries by harnessing the power of cross-sector collaboration.the vision, mission and values for the greater msp region and partnership include: regional visionthe greater msp region leads the world in inclusive economic growth by welcoming all, empowering talent and igniting innovation.partnership missionthe greater msp partnership will accelerate regional competitiveness and inclusive economic growth through job creation, capital investment and the execution of strategic initiatives.partnership valuesaccountability | alignment | inclusion | innovation | transparencyleading work of the greater msp partnership includes: business investment: greater msp is the region's hub for businesses looking to expand or relocate in the greater msp region. Our team helps companies find community data, create strategic partnerships, navigate programs and government incentives, discover sites, and more with coordination across a variety of agencies, authorities, counties, and municipalities.research & intelligence: greater msp is the regional source of trusted, unbiased data on the regional economy. Data, analytics, and intelligence are integrated and leveraged to deliver high-value insights that drive the development of regional strategy, enabling the partnership to lead globally in an increasingly complex economic landscape. Our research and intelligence platform creates economic data and insights, like the msp regional indicators dashboard, that we use to focus and prioritize. Mbold is a platform of Minnesota's leading food & agriculture companies like general mills, cargill, schwan's, compeer financial and many

Financial Efficiency

• Mission deployment rate: 65.4%; rating input score 65
• Program expense ratio: 77.4%; rating input score 77
• Fundraising efficiency: $58.28 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 93%; rating input score 93; 22nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 97.4%; rating input score 97; 31st percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15.9%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 0.97; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0.23; rating input score 54; 54th percentile among comparable filings
• Officer compensation ratio: 31%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Revenue growth: 5% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 54th percentile among comparable filings