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A Robust & Diverse Economy

Best State for Economic Opportunity
Fortune 500 Companies Per Capita*
in Infrastructure
Best Overall State in America

*#3 for Fortune 500 Companies per Capita for Minneapolis-St. Paul

There’s room for everyone to succeed here

Minnesota Overview

Land Area: 206,232 square kilometers | Population: 5.7 million | Labor Force: 3.1 million

Gross Domestic Product (GDP): $446 billion | Per Capita GDP: $78,098


Why Invest in Minnesota - Translations

Home to Global Giants and Nimble Startups

business-climate-verticalOur strong economy is diverse and has the right components to help you succeed. Minneapolis-St. Paul rank as the 17th most diverse economy among all 384 metropolitan areas in the U.S.

And, we're better at growing new businesses than any other state in the nation: data shows that if you start a business here, it's more likely to survive beyond five years than anywhere else in the country.

We have a strong foundation of workforce and talent, innovation and technology, infrastructure and quality of life that fuel our businesses success and growth. That's why so many global giants grow here.

Largest and Best-Known Companies

Minnesota is home to 16 renowned Fortune 500s, including 3M, General Mills, U.S. Bancorp, Target and Best Buy. Our Twin Cities ranks 1st per capita among the 30 largest metros – and Minnesota ranks 5th – in Fortune 500 concentration per capita.

The largest private company in the country – Cargill – is also headquartered here. Global health care leader Mayo Clinic began in Rochester, Minnesota and still calls our state home. And, global medical device giant Medtronic has its operational headquarters here.

Newest Minnesotans

Hear directly from some of our newest Minnesotans — members of the hi-tech manufacturing, artisan glass, and renewable energy industries who relocated from around the world to the best state to call home.

Foreign Investment in Minnesota

Over 900 foreign-owned companies – from about 40 countries – are located in Minnesota. Combined, they employ over 171,600 people and have invested over $36.7 billion in property, plant and equipment in Minnesota as of 2020. From 2015 to 2020, Minnesota’s FDI employment increased by over 50,000, representing an increase of about 42%.

A few examples of foreign companies with operations in Minnesota include:

  • Allianz
  • Coloplast
  • Daikin Applied
  • DiaSorin
  • Doosan
  • Geringhoff
  • JBS Foods
  • New Flyer
  • Olympus
  • Takeda
  • Rosenbauer
  • UPM
  • Uponor

View all the foreign companies located in Minnesota.

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