Minneapolis EconomyWhy should you choose the Minneapolis-Saint Paul Twin Cities for your business? There are many reasons, including being able to benefit from one of the most competitive and business-friendly markets in the Midwest. Our diverse Minneapolis economy has attracted many large public and private companies from around the globe. In fact, Minnesota is home to the second most Fortune 500 companies per capita in the nation. The Twin Cities is a place where ideas develop into thriving businesses. From Target to 3M, there are countless examples of companies who have found Minneapolis and St. Paul to be a great place to do business.

Snapshot of Minneapolis Economy

  • 19 Fortune 500 Companies
  • 7 of Forbes’ “America’s Largest Private Companies” including the largest private company in the country, Cargill
  • FierceBiotech ranked Minnesota among the top five regions targeting biotech in the nation, with an established reputation for developing bioscience incubators and funding R&D facilities.
  • CBS News ranked Minneapolis in the top ten cities with resilient economies and potential for future job growth due to the diverse Minneapolis economy and highly educated workforce.
  • Greater MSP ranked among the highest in terms of metro areas for small (20 employees), medium (20-499 employees), and large (500+) businesses in 2011, according to the U.S. Small Business Association
  • In 2011, there were more SMBs in the Greater MSP region than there were in Denver MSA, Pittsburgh MSA, Portland (OR) MSA, and San Diego MSA.
  • SMBs in the greater MSP region weathered the recession better than they did in other peer cities, with just a 3.5 percent reduction in the total number of businesses employing 500 people.     

CNBC Looks at Minneapolis

Get to Know the Twin Cities