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Minneapolis Business

Minneapolis: All Business

Innovative Business Educated Creative Class Downtown Minneapolis Neighborhoods Mississippi River

Minnesota boasts more Fortune 500 companies per capita than every state but one. With 21 companies making the famed 500 list, it’s obvious that businesses of all industries thrive here. Eight of those companies operate in Minneapolis and its suburbs.

Road to Success
Nicollet Mall—located in downtown Minneapolis—is a pedestrian-only street that Target, U.S. Bancorp and Xcel Energy all call home. They say birds of a feather flock together, and thriving businesses are no exception. Establishment in Minneapolis gives companies access to well-qualified personnel.

The University of Minnesota’s Carlson School of Management ushers students into the local workforce with the knowledge and skills it takes to succeed. Minnesota companies including 3M and Best Buy frequent the school to recruit the next generation of business executives and corporate officers.

Suburban Sprawl
General Mills began business on the banks of the Mississippi near St. Anthony Falls in 1866, during the city’s historic milling period. Although it now operates in Golden Valley, General Mills continues its strong presence in Minneapolis.

Medtronic, one of the country’s most innovative medical suppliers, also finds its home in a Minneapolis suburb. Medtronic not only leads the medical products and equipment industry in terms of revenue and profit, Forbes named it one of the Best Companies to Work For in 2007. Headquartered in Fridley, Medtronic has a long list of technologically innovative "firsts" – including the first wearable pacemaker.

Applying the Golden Rule
While these companies are busy changing the world, they always remember their hometown. Target, for example, gives five percent of pretax profits back to communities across the nation. That’s over $3 million each week to fund worthy causes like education and the arts. U.S. Bancorp encourages employees to devote time to community service through programs like Habitat for Humanity and Special Olympics.

Xcel Energy contributes to the community by finding new sources of energy. Long involved in wind generation, Xcel now looks for ways to lessen their impact by using energy from the sun, water and even recycled waste. Considered a leader in green power, Xcel’s efforts have been recognized by the U.S. Department of Energy's National Renewable Energy Laboratory.

Inspiration Abounds
With such a rich history of success, it comes as no surprise that industries of all varieties have flourished in Minneapolis. Explore the city. Get inspired by one of the Fortune 500 companies. Just don’t forget – Minnesota means business.