Inver Grove Heights, Minnesota, has emerged as a vibrant community with a dynamic economic landscape. The city’s strategic location, coupled with a supportive business environment, has fostered growth across various sectors.
Economic Overview
As of 2026, Inver Grove Heights boasts a population of approximately 36,984 residents. The median household income stands at $104,055, reflecting the community’s economic vitality. Notably, the city maintains a low poverty rate of 4.6%, underscoring the overall prosperity of its residents.
Key Industries
The city’s economy is diverse, with significant contributions from several key industries:
- Manufacturing: Accounting for 31% of the local job market, manufacturing remains a cornerstone of Inver Grove Heights’ economic structure.
- Agriculture: With 26% of employment rooted in agriculture, the city honors its historical ties to farming and related industries.
- Healthcare: Representing 19% of the workforce, the healthcare sector plays a crucial role in both employment and community well-being.
- Retail: Comprising 14% of jobs, the retail industry caters to the needs of residents and visitors alike.
- Other Services: Encompassing 10% of employment, various service-oriented businesses contribute to the city’s economic diversity.
Local Business Landscape
Inver Grove Heights is home to a mix of family-owned establishments and major corporations. Notably, CHS, Inc., a Fortune 100 company, has its headquarters in the city. Additionally, Gertens Greenhouses, one of the largest garden centers in the United States, operates here, highlighting the city’s appeal to both large enterprises and local businesses.
Entrepreneurial Spirit
The community’s entrepreneurial spirit is evident in the emergence of unique local businesses. For instance, in 2025, Cuppa More Pages, a bookstore café, opened its doors, offering residents a space to enjoy literature and coffee in a communal setting. Such ventures contribute to the city’s cultural and economic vibrancy.
Employment and Workforce
With an unemployment rate of 3.6%, Inver Grove Heights demonstrates a healthy job market. The workforce is well-educated, with over 90% of adults holding a high school diploma and more than 30% possessing a bachelor’s degree or higher. This educational attainment supports the city’s diverse industries and attracts businesses seeking skilled employees.
Economic Development Initiatives
The city actively promotes economic development through various initiatives aimed at supporting local businesses and attracting new enterprises. These efforts include infrastructure improvements, business incentives, and community events designed to foster a thriving economic environment.
Inver Grove Heights continues to build upon its rich history and strategic advantages, positioning itself as a hub for business and economic growth in Minnesota.