Minneapolis - St Paul Regional Economic Development Partnership
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF THE GREATER MSP PARTNERSHIP IS TO ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND EXECUTION OF STRATEGIC INITIATIVES. THE PARTNERSHIP WORKS TO STRENGTHEN OUR REGION'S GLOBAL SECTORS, PRIORITIZE TALENT, AND TELL OUR STORY.
- Income
- $10.3 million
- Spending
- $8.6 million
- Spent on programs
- 77%
- Reserves
- 2.5 months of spending
- Largest source of income
- donations and private grants, 97%
- Employees
- 27
- Volunteers
- 1,000
- Highest pay
- $515,992, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 71 out of 100. Higher than 59% of charities in its peer group (community improvement, $10m to $100m).
Reserves
10 of 35Spendable reserves would cover 2.5 months of spending.
Debt
16 of 20It owes 23% of what it owns.
Living within its means
15 of 15Income exceeded spending by 16% of income.
Income trend
15 of 15Income rose 28% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 2537 of 38 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $6.7 million spent. GREATER MSP PARTNERSHIP WAS CREATED A DECADE AGO TO BE A SHARED SPACE WHERE LEADERS AND ORGANIZATIONS OF ALL TYPES COULD COME TOGETHER AND BUILD THE ECONOMY FOR THE BENEFIT OF THE RESIDENTS OF THIS REGION. WE ARE REALIZING THIS VISION AS A CROSS-SECTOR, WORKING PARTNERSHIP THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. GREATER MSP IS A GROWING WORKING PARTNERSHIP THAT TOGETHER SHAPES AND EXECUTES A REGIONAL ECONOMIC DEVELOPMENT STRATEGY TO EXECUTE ON OUR VISION FOR THE GREATER MINNEAPOLIS-SAINT PAUL REGION TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT, AND IGNITING INNOVATION.THE GREATER MSP PARTNERSHIP HAS DEMONSTRATED THE CAPABILITY OF GENERATING SIGNIFICANT ECONOMIC OPPORTUNITY FOR PEOPLE IN THE REGION. FROM ITS INCEPTION IN 2012, GREATER MSP HAS HELPED ITS PARTNERS GENERATE OVER $7.7 BILLION IN CAPITAL INVESTMENT AND 35,000 NEW AND RETAINED DIRECT JOBS. GREATER MSP HAS BEEN BUILDING ON ITS ORIGINAL SCOPE TO ENSURE THAT EVERY MEMBER OF OUR COMMUNITY CAN ACCESS GOOD JOBS AND ECONOMIC OPPORTUNITY. THIS EMPHASIS ON INCLUSIVE GROWTH HAS POWERED AN EXPANSION IN GREATER MSP'S SCOPE, CAPACITY, AND BREADTH OF PARTICIPANTS.GREATER MSP IS A LARGE AND GROWING WORKING PARTNERSHIP OF COMMUNITY AND BUSINESS LEADERS AND ORGANIZATIONS THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. MORE THAN 4,500 PEOPLE FROM OVER 350 LEADING COMPANIES, CITIES, COUNTIES, UNIVERSITIES, FOUNDATIONS, AND OTHER ORGANIZATIONS WORK TOGETHER IN DOZENS OF DIFFERENT TEAMS EACH YEAR TO CREATE SOLUTIONS THAT ACCELERATE GLOBAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH ACROSS THE MSP REGION AND STATE OF MINNESOTA. OUR VISION FOR THE MINNEAPOLIS-SAINT PAUL REGION IS TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. TO REALIZE THIS VISION, WE SHAPE AND EXECUTE A SHARED REGIONAL ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON: JOB GROWTH, RACIAL INCLUSION, ENTREPRENEURSHIP, TALENT, HOUSING AFFORDABILITY, REGIONAL BRAND, TRANSPORTATION MOBILITY AND THE NEW CLIMATE ECONOMY. THIS STRATEGY PROVIDES FOCUS AND DIRECTION FOR ALL THE WORK OF THE GREATER MSP PARTNERSHIP. GREATER MSP HAS BECOME A LARGE AND DIVERSE ECOSYSTEM OF ORGANIZATIONS BUILDING INNOVATIVE SOLUTIONS, SETTING AUDACIOUS LONG-TERM AMBITIONS, AND BREAKING THROUGH LONGSTANDING BOUNDARIES BY HARNESSING THE POWER OF CROSS-SECTOR COLLABORATION.THE VISION, MISSION AND VALUES FOR THE GREATER MSP REGION AND PARTNERSHIP INCLUDE:REGIONAL VISIONTHE GREATER MSP REGION LEADS THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION.PARTNERSHIP MISSIONTHE GREATER MSP PARTNERSHIP WILL ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND THE EXECUTION OF STRATEGIC INITIATIVES.PARTNERSHIP VALUESACCOUNTABILITY | ALIGNMENT | INCLUSION | INNOVATION | TRANSPARENCYLEADING WORK OF THE GREATER MSP PARTNERSHIP INCLUDES:BUSINESS INVESTMENT: GREATER MSP IS THE REGION'S HUB FOR BUSINESSES LOOKING TO EXPAND OR RELOCATE IN THE GREATER MSP REGION. OUR TEAM HELPS COMPANIES FIND COMMUNITY DATA, CREATE STRATEGIC PARTNERSHIPS, NAVIGATE PROGRAMS AND GOVERNMENT INCENTIVES, DISCOVER SITES, AND MORE WITH COORDINATION ACROSS A VARIETY OF AGENCIES, AUTHORITIES, COUNTIES, AND MUNICIPALITIES.RESEARCH & INTELLIGENCE: GREATER MSP IS THE REGIONAL SOURCE OF TRUSTED, UNBIASED DATA ON THE REGIONAL ECONOMY. DATA, ANALYTICS, AND INTELLIGENCE ARE INTEGRATED AND LEVERAGED TO DELIVER HIGH-VALUE INSIGHTS THAT DRIVE THE DEVELOPMENT OF REGIONAL STRATEGY, ENABLING THE PARTNERSHIP TO LEAD GLOBALLY IN AN INCREASINGLY COMPLEX ECONOMIC LANDSCAPE. OUR RESEARCH AND INTELLIGENCE PLATFORM CREATES ECONOMIC DATA AND INSIGHTS, LIKE THE MSP REGIONAL INDICATORS DASHBOARD, THAT WE USE TO FOCUS AND PRIORITIZE. MBOLD IS A PLATFORM OF MINNESOTA'S LEADING FOOD & AGRICULTURE COMPANIES LIKE GENERAL MILLS, CARGILL, SCHWAN'S, COMPEER FINANCIAL AND MANY OTHERS WORKING WITH THE UNIVERSITY OF MINNESOTA AND KEY FOOD AND AGRICULTURAL ORGANIZATIONS TO LAUNCH INDUSTRY-LEADING SOLUTIONS FROM MINNESOTA, SUCH AS THE CREATION OF A CIRCULAR ECONOMY FOR FLEXIBLE FILMS, INITIATIVES TO ADVANCE SOIL HEALTH & PROTEIN INNOVATION, AND MUCH MORE.THE MINNESOTA SAF HUB IS A FIRST-OF-ITS-KIND EFFORT TO CREATE THE SUPPLY CHAIN THAT CAN PRODUCE SUSTAINABLE AVIATION FUEL (SAF) ON A LARGE SCALE AND DELIVER IT TO THE MINNEAPOLISSAINT PAUL INTERNATIONAL AIRPORT. TO MEET THE OVERWHELMING DEMAND FOR LOW-CARBON AVIATION, THE HUB LINKS SUPPLIERS IN PRODUCTION, TRANSPORTATION, REGENERATIVE AGRICULTURE, RENEWABLE ENERGY, REFINING AND MORE. THE GREATER MSP PARTNERSHIP BUILT AND IS LEADING THIS HUB WITH LEADERSHIP FROM DELTA, ECOLAB, XCEL ENERGY, BANK OF AMERICA, CARGILL, DELOITTE, AND MANY OTHERS, WHICH INCLUDE COMPANIES, UNIVERSITIES, NONPROFITS, AND GOVERNMENT.MINNESOTA MEDTECH 3.0 IS A HUB TO CREATE THE FUTURE OF GLOBAL MEDICAL TECHNOLOGY FROM MINNESOTA THROUGH A COLLABORATIVE STRATEGY CO-CREATED AND IMPLEMENTED BY LEADERS FROM ORGANIZATIONS LIKE MEDTRONIC, MAYO CLINIC, HEALTHPARTNERS, UNIVERSITY OF MINNESOTA, THE STATE OF MINNESOTA, AND DOZENS OF OTHERS. MEDTECH 3.0 EARNED A FEDERAL DESIGNATION AS THE U.S. TECH HUB FOR MEDICAL TECHNOLOGY WITH INITIATIVES ADVANCING FOCUSED ON HEALTHCARE DATA, GLOBAL EXPANSION, STARTUP INCUBATION, WORKFORCE DEVELOPMENT, AND MORE.ITASCA PROJECT IS A CROSS-SECTOR ALLIANCE FOCUSED ON STRENGTHENING THE MINNEAPOLISSAINT PAUL REGION'S CIVIC ECOSYSTEM AND IDENTIFYING LONG-TERM ISSUES THAT MATTER TO THE FUTURE PROSPERITY AND COMPETITIVENESS OF THE REGION. CREATED 20 YEARS AGO, THE ITASCA PROJECT BECAME PART OF THE GREATER MSP PARTNERSHIP IN 2022. SINCE ITS FORMATION, ITASCA'S WORK WITH PARTNERS IN THE BUSINESS, GOVERNMENT, PHILANTHROPIC, HIGHER EDUCATION AND NONPROFIT SECTORS HAS ADVANCED MORE AND BETTER EARLY CHILDHOOD EDUCATION, INCREASED THE AMOUNT THAT BUSINESSES SPEND WITH LOCAL AND DIVERSE SUPPLIERS, IMPROVED CAREER A
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2011.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.