Inver Grove Heights, Minnesota, has emerged as a dynamic center for business and economic development. The city’s strategic location, just 15 miles southeast of the Twin Cities, offers businesses the advantage of suburban tranquility coupled with proximity to a major metropolitan area. This accessibility is enhanced by major highways such as Interstate 494 and U.S. Route 52, facilitating seamless connectivity for commerce and commuting.
Economic Landscape
The city’s economy is diverse, with a workforce of approximately 20,000 individuals. Key industries include health care and social assistance, manufacturing, and professional, scientific, and technical services. Notably, the professional, scientific, and technical services sector boasts the highest average annual salary at $95,565, reflecting the city’s commitment to fostering high-paying job opportunities.
Local Business Environment
Inver Grove Heights is home to a mix of family-owned establishments and major corporations. The presence of Fortune 100 company CHS, Inc. and gardening giant Gertens underscores the city’s appeal to large enterprises. Additionally, the city has seen the emergence of unique local businesses, such as the bookstore café Cuppa More Pages, which opened in 2025. This establishment operates as a “life-sized Little Free Library,” inviting patrons to take or leave books while enjoying a cup of coffee, exemplifying the community’s support for innovative local ventures.
Housing and Real Estate
The housing market in Inver Grove Heights reflects steady growth. As of March 2026, the median sale price of a home was $384,000, marking a 3.8% increase from the previous year. The median sale price per square foot stood at $197. This upward trend indicates a healthy demand for residential properties, contributing to the city’s economic vitality.
Community and Workforce
With a population of over 35,000 residents, Inver Grove Heights boasts a well-educated workforce. More than 95% of adults have a high school diploma, and over 43% hold a bachelor’s degree or higher. This educational attainment supports a robust labor market, with a civilian labor force participation rate of 71%. The median household income between 2020 and 2024 was $101,316, surpassing the national median and highlighting the city’s economic prosperity.
Support for Economic Development
The city’s Economic Development Authority (EDA), led by Councilmember Sue Gliva, plays a pivotal role in guiding economic initiatives. Meeting bi-monthly, the EDA focuses on fostering a business-friendly environment, supporting existing enterprises, and attracting new investments to the area.
Inver Grove Heights exemplifies a community where local businesses thrive alongside major corporations, creating a balanced and prosperous economic landscape. The city’s strategic location, diverse economy, and supportive community make it an attractive destination for entrepreneurs and established businesses alike.
