Why the Midwest and the Americas?
The Trade Center of the Americas strives to connect supply and demand between North, Central, and South America. In total, the nations of the Americas have a combined population of over a billion people divided amongst 23 different sovereign nations. Unified by our general respect for democracy and political stability, the Americas represent the ideal transcontinental trade-bloc for international business. As part of the United States, Minnesota has access to the plethora of international trade deals with various nations from across the Americas. The USMCA (formerly NAFTA) and the United States-Chile Free Trade agreement (among other international treaties) have made importing and exporting goods between the countries of the Americas exceptionally profitable compared to trade between the United States and other regions of the world.
Minnesota shipped an impressive $22.2 billion dollars worth of goods internationally in just 2019, with Latin America becoming an increasingly important trade partner. Notably, for example, Costa Rica’s total export value to Minnesota doubled between 2016 to 2019 and Mexico has been Minnesota’s second-largest trade partner for over a decade.
Minnesota's socially-conscious and dynamic business culture makes the state a logical choice to host the Trade Center of the Americas. With one of the highest standards of living, lowest poverty rates, relatively low rent prices, and a business-friendly tax structure, Minnesota is the ideal place for small businesses to grow and for startups and entrepreneurs to thrive. Minnesota’s business-friendly and community values inherently promote startups and business ventures interested in pursuing conscientious social-impact endeavors. Remarkably, a majority of the 17 Fortune 500 Companies based in the Twin Cities area have incorporated the United Nation’s 2030 Sustainable Development Goals (UNSDG) into their respective business models. In short, Minnesota has taken the lead in supporting entrepreneurs and startups interested in making an impact.