Inver Grove Heights, Minnesota, has emerged as a dynamic center for business and economic development. With a population exceeding 35,000 residents, the city offers a blend of suburban tranquility and metropolitan accessibility, making it an attractive destination for entrepreneurs and established businesses alike.
A Diverse and Skilled Workforce
The city’s workforce is both diverse and highly educated. Over 95% of adults have completed high school, and more than 43% hold a bachelor’s degree or higher. This educational attainment supports a range of industries, including health care, manufacturing, and professional services.
Economic Landscape
Inver Grove Heights hosts a variety of businesses, from family-owned establishments to large corporations. Notably, the city is home to Fortune 100 company CHS, Inc., and the renowned gardening retailer Gertens. The local economy is bolstered by sectors such as health care and social assistance, manufacturing, and professional, scientific, and technical services.
Supportive Business Environment
The city’s Economic Development Authority (EDA) plays a pivotal role in fostering business growth. Meeting bi-monthly, the EDA collaborates with local businesses to create a conducive environment for economic development. Additionally, the community’s commitment to supporting local enterprises is evident in initiatives like the recent opening of Cuppa More Pages, a bookstore café that encourages community engagement through its unique take-or-leave book system.
Real Estate and Housing Market
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of March 2026, the median sale price of a home was $384,000, marking a 3.8% increase from the previous year. This growth indicates a strong demand for residential properties, further contributing to the local economy.
Community Engagement and Events
Community events such as Inver Grove Heights Days, featuring parades, fireworks, and local business showcases, highlight the city’s vibrant community spirit. These events not only foster local pride but also provide platforms for businesses to connect with residents and visitors.
Inver Grove Heights continues to thrive as a hub for business and economic growth, offering a supportive environment for entrepreneurs and established companies. With its skilled workforce, diverse industries, and engaged community, the city stands as a testament to the success of local businesses in a dynamic economic landscape.
