Inver Grove Heights, Minnesota, has cultivated a dynamic business environment that seamlessly blends established enterprises with emerging ventures, contributing to the city’s economic prosperity.
Established Enterprises
The city is home to several prominent businesses that anchor its economy. CHS, Inc., a Fortune 500 agricultural cooperative, has its headquarters here, underscoring the city’s significance in the agricultural sector. Additionally, the Pine Bend Refinery, operated by Flint Hills Resources, stands as the largest oil refinery in Minnesota and the fourteenth largest in the United States, highlighting the city’s role in the energy industry. Gertens Greenhouses, one of the largest garden centers in the nation, also calls Inver Grove Heights home, adding to the city’s diverse economic landscape.
Emerging Ventures
Inver Grove Heights continues to attract new businesses that enrich the local economy. A notable recent addition is Cuppa More Pages, a bookstore café that opened in 2025. This unique establishment invites patrons to take or leave books, functioning as a life-sized Little Free Library, and has quickly become a cherished community hub.
Economic Indicators
The city’s economic health is reflected in several key indicators. The median household income has seen a steady increase, reaching $104,055 in 2023, marking a 6.06% rise from 2020. The housing market remains robust, with the median sale price of homes at $384,000 as of March 2026, up 3.8% from the previous year. Additionally, the median rent for apartments stands at $1,460, indicating a stable rental market.
Support for Business Development
The Economic Development Authority (EDA) of Inver Grove Heights plays a pivotal role in fostering business growth. The EDA, comprising members of the City Council and led by Councilmember Sue Gliva, meets bi-monthly to discuss and implement strategies aimed at enhancing the city’s economic landscape. These meetings are open to the public and are also televised, ensuring transparency and community involvement.
Conclusion
Inver Grove Heights exemplifies a thriving community where established businesses and new ventures coexist and flourish. The city’s strategic location, supportive economic policies, and engaged community create an environment conducive to sustained economic growth and prosperity.
