
Just before the Minnesota state legislature ended last week, an expansion of sales taxes on the storage and warehousing industry (among other industries) was approved, according to a Star Tribune article by Adam Belz.
Now that those businesses are being stuck with a higher tax bill while other businesses were able to dodge it, executives in those businesses are looking toward the east. Hudson is starting to look pretty attractive to some of them.
From the Star Tribune article:
Logistics companies are baffled, and talking about moving their operations across the St. Croix River.“Why wouldn’t I go to Hudson, and just ship across the border?” said Richard Murphy, CEO of Murphy Warehouse in Minneapolis. “The surrounding states are going to get business, and you’re going to see people pull back into Chicago, Des Moines and Kansas City.”READ THE FULL STAR TRIBUNE ARTICLE