Minnesota Overview

Prepared by Gregory Beckstrom

February 2015

Famous People Born in Minnesota

• Andrews Sisters

• James Arness

• Warren Burger

• Bob Dylan

• F. Scott Fitzgerald

• Judy Garland

• J. Paul Getty

• Josh Hartnett

• Garrison Keillor

• Jessica Lang

• John Madden

• Joe Mauer

• Mayo Brothers

• Prince

• Charles Schultz

• Vince Vaughn

• Lindsey Vonn

• Jesse Ventura

Fortune 500 Companies

• United Health*

• Target*

• Best Buy*

• CHS*

• Supervalu

• 3M Company*

• U.S. Bancorp

• General Mills

• Medtronic

• Land O’ Lakes

• Ecolab

• C.H. Robinson

• Ameriprise Financial

• Xcel Energy

• Mosaic Company

• Hormel Foods

• Thrivent Financial

• St. Jude Medical

* = Also on Fortune Global List 2014

Largest Employers

• State of Minnesota• US Federal Government

• Mayo Clinic

• Target

• University of Minnesota

• Allina Health• Wal-Mart Stores

• Wells Fargo

• Fairview Health Services

• UnitedHealth

• MNSCU

• 3M Company• Health Partners

• U.S. Bancorp

• Essentia Health

• Delta Airlines

• Park Nicollet Health Services• Supervalu

• Hormel Foods

• Thompson Reuters

• Medtronic

• Best Buy

Top Private Employers

• Cargill at $135 billion. Agribusiness & Trading. 143,000 employees

• Carlson Companies at $4.4 billion. Hotels, Travel. 51,000 employees

• Holiday Companies at $4.15 billion. Convenience Stores. 6,000 employees

• Rosen’s Diversified at $3.6 billion. Agribusiness. 4,000 employees

• Schwan Food at $3.2 billion. Food. 15,000 employees

• Andersen Windows at $2.3 billion. Windows & Doors. 9,000 employees

• MA Mortenson at $2.24 billion. Construction. 2,500 employees

General Layout of the State

Top Exports by Major Product

Top Export Markets

Top Engineering Firms

• SEH @ $43m• Barr @ $41m• Bolton & Menk @$38m• AECOM @ $32m• SRF Consulting @ $28m• AET @ $25m• HDR @ $25m• Amec Foster Wheeler @ $25m• TKDA @ $25m• Stantec @ $23m

• Wenck @ $22m• CH2MHill @ $21m• WSB & Associates @ $20m• Braun Intertec @ $19m• Ulteig Engineers @ $18m• HGA @ $18m• LHB @ $16m• Dunham @ $16m• Machaud Cooley Erickson @ $15m• VAA @ $12m

In State billings. Total actual billings for some firms is much higher.

Top 425 Owners Headquartered in Minnesota

• Xcel Energy (Power)

• Mosaic Company (Mining)

• Target (Retail)

• 3M Company (Diversified Ind.)

• General Mills (Food)

• Medtronic (Medical Device)

• Allete Inc. (Power)

• Ecolab (Chemicals)

• Ottertail Power (Power)

• Life Time Fitness (Recreation)

• Fastenal (Industrial)

• H.B. Fuller (Chemicals)

• Hormel Foods (Food)

ENR, November 10, 2014, p 53 - 63

Construction in Progress

• Mosaic @ $1.5B

• Target @ $840m

• General Mills @ $600m

• 3M Company @ $770m

• Life Time Fitness @ $160m

Capital Expenditures

• Target

• Xcel Energy

• 3M Company

• United Health Group

ENR, November 10, 2014, p 46 - 50

Construction and Capital Expenditures

Minneapolis – City of Lakes

Minneapolis-St. Paul Metro Area

Minneapolis at a Glance

• Metro Population: 3,395,300• Major Industries: Financial services, Technology, Biomedical, Retail• Gross Metro Product: $204.7 B• Median Household Income: $67,976• Median Home Price: $193,600• Unemployment: 4.4%• Job Growth (2013): 2%• Cost of Living: 1.6% below nat'l avg• College Attainment: 39.5%• Net Migration (2013): 2,210

Accolades

• The “Miracle of Minneapolis”, Atlantic Magazine

• Ranked as one the 10 best cities in the USA

• Ranked as the 6th most attractive city

• Ranked 3rd among top 50 bike-friendly cities

• Ranked 3rd as most livable city in the USA

• Ranked 2nd in American Fitness Index

• Scored among ‘most innovative cities in America’

• Ranked 3rd best city for recent college graduates

• Ranked 11th for best places to start a business

Source: City of Minneapolis / www.minneapolis.org

Minneapolis’s Largest Employers

• Target with 13,000

• Wells Fargo with 7,000

• HCMC with 5,800

• Hennepin County with 5,200

• Ameriprise Financial with 5,000

• U.S. Bancorp with 3,400

• City of Minneapolis with 1,800

• Xcel Energy with 1,600

• RBC Wealth Mgmt. with 1,300

• Capella University with 1,200

• Star Tribune with 1,100

• TCF Bank with 1,100

• Federal Reserve Bank with 1,000

• Thrivent Financial with 1,000

• AT&T with 745

Note that the University of Minnesota is on the eastern edge of Minneapolis, thus is outside of the city core.

Sources Cited

• Google Maps

• Wikipedia

• City of Minneapolis’s Convention and Visitors Bureau

• Minneapolis and St. Paul Business Journal

• Engineering News Record Magazine

• CBRE

• Federal Reserve Bank, 9th District

• Forbes Magazine

• Fortune Magazine

• Facebook for the “Who Even Lives Here?” image

• Greater Minneapolis/St. Paul Chamber of Commerce

• Minneapolis Chamber of Commerce/Meet Minneapolis

• City of Minneapolis – Community Planning and Economic Development

• 50States.com

• Minnesota Department of Employment and Economic Development

• Atlantic Magazine

Gregory A. BeckstromPhone: 612 619 6851

Email: gab4254@gmail.com

LinkedIn: www.linkedin.com/pub/Gregory-Beckstrom

Home Address: 4254 Garfield Avenue, Minneapolis, MN 55409