Rep. Michele Bachmann's (R-Minn.) 2012 challenger is back for a rematch after nearly toppling the Tea Party favorite last fall.
"These days Congress is all about scoring political points rather than actually solving problems and Minnesota's 6th district — my home — is losing out because of that more than anywhere. I'm not interested in celebrity, only in solutions," Graves said in a statement.
"As a businessman who has balanced budgets and created jobs, I'm running to work with both sides to find ways to balance the budget, keep our promises to seniors, create jobs and strengthen the middle class."
Graves, a wealthy businessman who self-funded much of his last campaign, came within 5,000 votes of the former presidential candidate last election despite receiving almost no support from the national party in the Republican-leaning district.
This time could be a bit tougher, however, even if the Democratic Congressional Campaign Committee gets involved: anger in the district at Bachmann for running for president won't be as fresh, she's sought the national spotlight less in recent months than she had in the past, and midterm elections tend to be better for Republicans because of shifting demographics.
But the self-styled centrist businessman is likely Democrats' best option for the seat.
Bachmann's campaign fired back soon after the announcement.
"Minnesotans want jobs and a growing economy, which is why Minnesotans chose Rep. Bachmann to create jobs, lower taxes, limit government and protect their personal liberties," Bachmann campaign spokesman Dan Kotman said in a statement. "The last thing Minnesota families need in Congress is another liberal politician rubber stamping the Obama-Pelosi agenda of higher taxes and runaway government spending."