Inver Grove Heights, Minnesota, has been experiencing steady economic growth, marked by a thriving local business scene and ongoing developments that enhance the community’s vibrancy.
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
The city is home to a diverse array of businesses, ranging from family-owned establishments to major corporations. CHS, Inc., a Fortune 100 company, has its headquarters in Inver Grove Heights. Additionally, Gertens Greenhouses, one of the largest garden centers in the United States, contributes significantly to the local economy.
In recent developments, the city welcomed Cuppa More Pages, a unique 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 in Inver Grove Heights reflects the city’s economic vitality. As of March 2026, the median sale price of homes was $384,000, marking a 3.8% increase from the previous year. The median sale price per square foot stood at $197. Homes typically sold after 71 days on the market, indicating a healthy demand for residential properties.
Community Development Initiatives
The city’s Economic Development Authority (EDA), comprising members of the City Council, actively oversees economic development activities. The EDA meets bi-monthly to discuss and implement strategies aimed at fostering business growth and community development.
Inver Grove Heights continues to attract new businesses and residents, bolstered by its strategic location near the Twin Cities and a supportive community environment. The city’s commitment to economic development ensures a promising future for both established businesses and new ventures.
