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Major Employers

The Greater MSP region is a hub of thriving companies who take advantage of locational assets the region has to offer. These companies include: UnitedHealth Group, Target, Best Buy, Supervalu, 3M, CHS, U.S. Bancorp, Medtronic and General Mills. They attract international recognition every year for their innovation, sustainability, ethical leadership, brand value, corporate citizenship and leadership.

 

More than a dozen Twin Cities companies made Forbes' annual list of the largest private companies. Cargill, the largest private company in the nation, has flourished in Greater MSP for more than 100 years.

 

Forbes Global 2000

Fourteen Minneapolis-Saint Paul companies rank among the world’s biggest public companies, according to Forbes. Its 2014 Global 2000 ranking is based on four equally weighted factors, as of May 2014: annual sales, profits, assets and market value.  


In addition, Wells Fargo placed 8th on the Global 2000 list, and Delta Airlines placed 166th. Both have large operations in the Greater MSP region, although neither is based here.

 

Forbes 2014 RankingsCompanyIndustry2014 Sales (billions)Worldwide Employees

 

84

UnitedHealth Group Managed Health Care $122.5 156,000

125

US Bancorp Major Banks $20.2 65,565

194

3M Conglomerates $30.9 88,667

200

Target Discount Stores $72.6 366,000

255

Medtronic Medical Equipment & Supplies $16.9 46,000

362

Ameriprise Financial Investment Services $11.2 12,039

379

General Mills Food Processing $18 41,000

499

Ecolab Specialized Chemicals $13.3 45,415

558

Xcel Energy Electric Utilities $10.9 11,457

601

Mosaic Specialized Chemicals $8.2 8,200

748

Best Buy Computer & Electronics Retail $42.4 140,000

973

St. Jude Medical Medical Equipment & Supplies $5.5 16,000

1057

Hormel Foods Food Processing $8.9 19,800

1227

CH Robinson Worldwide Other Transportation $12.8 11,676

Sources: Interactive Data, LionShares, Thomson Reuters Fundamentals and Worldscope via FactSet Research Systems; Bloomberg; Forbes.

 

Forbes Largest Private Companies

Minneapolis-based Cargill earned the top spot on Forbes’ annual list of America’s largest private companies for most of the last decade. Forbes’ 2013 list of privately held giants includes seven Minnesota firms, four based in the Greater MSP metro area.

 

Minnesota's Largest Private Companies

 

RankCompanyIndustryRevenue (billions)Employees

 

1 Cargill, Minneapolis Farm Products 109.84 e 130,500
83 Carlson, Minnetonka Hotels, Restaurants & Leisure 3.90 e 50,700
101 Holiday Companies, Bloomington Convenience Stores & Gas Stations 3.00 e 4,600
153 Schwan Food, Marshall Food, Drink & Tobacco 3.67 e 17,000
185  M A Mortenson, Minneapolis Construction 2.39 e 2,200
186 Rosen's Diversified, Fairmont Food, Drink & Tobacco 2.46 e 4,000
202 Andersen, Bayport Construction 2.10 e 9,000

Revenues exclude excise taxes where applicable, public subsidiaries and sales from discontinued operations. Revenues are worldwide figures. e = Forbes’ estimate Source: Forbes, 2013

 

Fortune 500 Companies in Greater MSP

Fortune 500 companies call Minneapolis-Saint Paul home – a testament to the region’s ability to help companies prosper.

 

Greater MSP 2014 Ranking Company
Fortune 500 RankingRevenue (billions)
1 United Health Group 14 122.4 
2 Target  36 72.5
3 Best Buy 60 45.2 
4 CHS 62 44.4 
5 Supervalu 94 34.3 
6 3M 101 30.8 
7 U.S. Bancorp 140 21.0 
8 General Mills 159 17.7 
9 Medtronic 173 16.5 
10 Land O' Lakes 199 14.6 
11 Ecolab 213 13.2 
12 C.H. Robinson Worldwide 220 12.7 
13 Ameriprise Financial 249 11.2 
14 Xcel Energy 257 10.9 
15 The Mosaic Company 283 9.9 
16 Hormel Foods 311 8.7
17 Thrivent Financial for Lutherans 335  8.1
18 St. Jude Medical 462 5.5 
       

Source: Fortune, 2014

 

High Ranks by Industry


Several Fortune 500 companies in the Greater MSP metro lead their respective industries:

 

    • 3M ranks first in conglomerates.
    • UnitedHealth Group ranks first in health care insurance.
    • Medtronic ranks first in medical products and equipment.
    • C.H. Robinson Worldwide ranks first in transportation and logistics.
    • Target ranks second in general merchandising.
    • CHS ranks second in wholesale food distribution.
    • General Mills ranks third in food consumer production.
    • Best Buy ranks third in specialty retailing.
    • Supervalu ranks sixth in food store
    • Ameriprise Financial ranks seventh in diversified financial services.
    • US Bank ranks eighth in commercial banking.
    • Mosaic ranks eigth in chemicals.

 

Inc. 500 Fastest Growing Companies

Eight Greater MSP area firms made Inc. magazine’s 2013 list of the 500 fastest growing private companies in America. Another 80 Minnesota firms made the Inc. 5,000 list. Both lists measures revenue growth among US-based, privately held, for-profit and independent companies. GarbageMan Company made Inc.’s growth list for two consecutive years.

 

 

National RankPrivate Company/HeadquartersProduct/ServiceRevenue (millions)Three-Year Growth Rate

 

43 Field Nation A site that operates like an online social network to connect employers and individual work contractors all over the world $27.7 M 6,031%
137 Star Collaborative A professional staffing and consulting firm that provides staff augmentation, contractors, and direct hire placements for positions in IT, project management, and change management $14 M 2,696%
138 All Around Property Reservation  A residential contractor that offers roofing, renovation, and property preservation in the Midwest. $10.8 M 2,687%
208 GarbageMan, A Green Company., Plymouth Franchises environmentally conscious garbage and recycling services $8.9 M 2,018% 
318 SimpleRay Sells photovoltaic solar panels and related components and provides design and installation support for residents and businesses. $2.2 M 1,354%
353 Fitness On Request Develops software that helps more than 1,000 fitness facility locations build viral marketing campaigns and track overall attendance and class participation. It also packages prerecorded fitness programming that clients can access from its on-site kiosks and display through an HD projection system. $3.9 M 1,243% 
358 Magnet 360 Provides marketing strategy and related IT services like user experience design to its clients through a partnership with the Salesforce platform. $17.1 M 1,231%
390 Channel Partners Provides short-term working capital loans and cash advances to small businesses. $2.2 M 1,137%

 Source:  Inc. Magazine, 2013

 

 

 

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GREATER MSP
Securian Building
400 Robert Street North, Suite 1600
Saint Paul, MN 55101

info@greatermsp.org

651.287.1300

1.855.287.1300