Assessing the Economic Impact and Health Effects of Bicycling in Minnesota was published in 2016 by the University of Minnesota Tourism Center, and shows that bicycling contributed to $780 million in economic activity in 2014. Bicycling events produced a total of $14.3 million of economic activity in 2014. The economic impacts related to health show that bicycle commuting lowers medical costs and prevents 12 - 61 deaths per year, saving $100 million to $500 million.
An older study, the Economic Impact of Recreational Trail Use (PDF), was released in 2009 by the University of Minnesota Tourism Center and reported $427 million in spending from bicyclists using Minnesota trails and $2.4 billion in total spending statewide by all trail users.
In Bicycling In Minnesota by the Numbers, the Bicycle Alliance of Minnesota reported 5,000 jobs and $1 billion in revenue attributed to bicycling.