Opinion editor's note: This commentary was signed by multiple Minnesota business leaders. They are listed below.
We are writing to urge the Minnesota Legislature to support the Ranked-Choice Voting Local Options bill that is advancing at the Capitol this session. The bill would grant to statutory jurisdictions (cities, townships, school districts and counties) the same authority home-rule cities currently have to adopt ranked-choice voting if they wish.
Minnesota is home to a robust and diverse group of employers, large and small, including 19 Fortune 500 companies. While our firms vary in size, we share one thing: the need for stability and predictability in our economic and political environment. Our planning horizons tend to be longer term and so we require certainty in order to make investments and deliver the growth our shareholders and owners expect.
As business leaders, we view the growing political polarization in our state and nation with alarm because it impedes the kind of genuine, hammered-out bipartisan legislation that drives business certainty. We see both sides veering toward extremes — and an electoral system that encourages this dynamic. Harvard Business School Prof. Michael Porter and Katherine Gehl, former CEO of Gehl Foods, describe this problem well in their study of the impact of political dysfunction on the health of our economy.
The business community in Minnesota has significant challenges that we must address to ensure the longer-term prosperity of our state — health care, education, infrastructure, immigration, taxes, community safety, to name a few. These issues are of critical importance to us because they support our state's ability to conduct business and attract and retain employees in our hometowns. They are also important to businesses looking to expand or relocate to our state.
We need our elected officials to work together in good faith to address these issues with bipartisan legislation that can stand the test of time. Our business community depends on it.
Ranked-choice voting (RCV) is a simple, common sense way to encourage political candidates to appeal to a broader swath of their constituency. Under RCV, voters rank their preferences — 1, 2, 3, etc. If no candidate wins a majority of first choices, then another round of counting occurs. The least favorite candidate is eliminated and the votes cast for that candidate are reassigned to the remaining candidates based on the second choices on those ballots. This process continues until one candidate receives a majority of continuing ballots.
It works like a runoff but in a single, cost-effective election.