Inver Grove Heights, a dynamic city in Dakota County, Minnesota, has experienced significant economic growth in recent years. With a population of over 35,000 residents, the city offers a blend of suburban charm and urban convenience, making it an attractive destination for businesses and entrepreneurs.
Economic Landscape
The city’s economy is diverse, with key industries including health care and social assistance, manufacturing, and professional, scientific, and technical services. In 2024, these sectors employed approximately 2,660, 1,985, and 1,942 individuals, respectively. Notably, the professional, scientific, and technical services industry boasts an average annual salary of $95,565, reflecting the city’s commitment to high-paying job opportunities.
Major Employers
Inver Grove Heights is home to several prominent businesses that contribute significantly to the local economy. CHS, Inc., a Fortune 500 agricultural cooperative, has its headquarters in the city. Additionally, the Pine Bend Refinery, the largest oil refinery in Minnesota and the fourteenth largest in the U.S., operates within the city limits. Gertens Greenhouses, one of the largest garden centers in the United States, also calls Inver Grove Heights home.
Support for Local Businesses
The city’s Economic Development Authority (EDA) plays a pivotal role in fostering a business-friendly environment. The EDA, led by Councilmember Sue Gliva, meets bi-monthly to discuss and implement strategies aimed at supporting local businesses and attracting new enterprises. These meetings are open to the public and are also televised, ensuring transparency and community involvement.
Entrepreneurial Spirit
Inver Grove Heights has seen a surge in entrepreneurial ventures, with new businesses contributing to the city’s vibrant economy. For instance, in June 2025, a unique bookstore café named Cuppa More Pages opened its doors, offering residents a cozy space to enjoy literature and coffee. This establishment exemplifies the city’s supportive atmosphere for small businesses and startups.
Housing Market and Economic Indicators
The housing market in Inver Grove Heights reflects the city’s economic vitality. As of November 2025, the median price for a single-family home was $398,700, with a median Automated Valuation Model (AVM) value of $386,000 for properties sold in the past year. The median household income stands at $101,316, surpassing both state and national averages, indicating a prosperous community.
Conclusion
Inver Grove Heights continues to thrive as a hub for local businesses and economic development. With a diverse industrial base, supportive local government, and a community that values entrepreneurship, the city is well-positioned for sustained growth and prosperity.
