Site Selection

Hubbard County serves Park Rapids, Nevis, Akeley, Laporte, Dorset, Lake George, and surrounding communities in a high-quality-of-place setting that complements a diversified economy. The area combines manufacturing, food processing, transportation/retail, tourism and outdoor recreation, and entrepreneurship infrastructure to support a broad set of growth opportunities. The HLDC’s focus on “live where you vacation” anchors a lifestyle that attracts workers, talent, and investment while supporting local BRE (business retention and expansion) and new-venture activity. Key anchors include advanced manufacturing and precision machining clusters, potato-processing and agribusiness suppliers, a growing services/retail corridor, and a robust tourism/heritage recreation base.

Tax Environment

Sales Tax

Minnesota imposes a base statewide sales tax of 6.875%, with local jurisdictions able to add optional local taxes. The combined rate in many parts of Minnesota sits in the 7.0%–8.0% range; urban areas can approach 8.0%–9.0% depending on local surtaxes and district taxes.

Corporate and Business Tax

Minnesota’s corporate (franchise) tax rate is 9.8% as of 2025.

Property Tax

Property tax in Minnesota is levied at the local level, with statewide class-rate guidance and county/state oversight. Local tax bills depend on assessed value, parcel class, exemptions (e.g., residential homestead, agricultural, commercial/industrial), and district-wide budgeting.