MINNEAPOLIS (WCCO) – Starting on July 1, Minneapolis’ minimum wage is set to increase to $12.50 for small businesses and $14.25 for large businesses.
For the next three years, minimum wage will increase incrementally in the city. Large businesses will reach a $15 minimum wage on July 1 of 2022.
At that point, small businesses will increase to $13.50, then to $14.50 in July of 2023. By July 1 of 2024, they will reach a $15 minimum wage.
A “small business” is defined as having 100 or fewer employees. Large businesses have more than 100 employees. Tips and gratuities do not count towards minimum wage.
For more information, click here.
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