Inver Grove Heights, Minnesota, continues to experience steady economic growth, bolstered by a diverse range of industries and a supportive environment for local businesses and entrepreneurs.
Economic Overview
As of 2024, the city employs approximately 20,000 individuals across various sectors. The largest industries include Health Care & Social Assistance, Manufacturing, and Professional, Scientific, & Technical Services. Notably, the highest-paying industries are Professional, Scientific, & Technical Services, Utilities, and Finance & Insurance.
Local Business Landscape
Inver Grove Heights is home to a mix of family-owned establishments and major corporations. CHS, Inc., a Fortune 100 company, has its headquarters here, contributing significantly to the local economy. Additionally, Gertens Greenhouses, one of the largest garden centers in the United States, operates within the city.
Entrepreneurial Initiatives
The city fosters a supportive environment for entrepreneurs. A recent addition to the local business scene is Cuppa More Pages, a bookstore café that functions as a life-sized Little Free Library, inviting patrons to take or leave books while enjoying their beverages.
Housing Market Trends
The housing market reflects the city’s economic vitality. In March 2026, the median sale price of a home was $384,000, marking a 3.8% increase from the previous year. Homes sold after an average of 71 days on the market, indicating a healthy demand for residential properties.
Economic Development Efforts
The Economic Development Authority (EDA), comprising members of the City Council, plays a pivotal role in guiding the city’s economic activities. The EDA meets bi-monthly to discuss and implement strategies aimed at sustaining and enhancing economic growth.
Inver Grove Heights’ strategic location, diverse industries, and commitment to supporting local businesses and entrepreneurs position it as a thriving community with a promising economic future.
