Home to Global Giants and Nimble Startups
Our 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.