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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.
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 Rankings||Company||Industry||2014 Sales (billions)||Worldwide Employees
|UnitedHealth Group||Managed Health Care||$122.5||156,000|
|US Bancorp||Major Banks||$20.2||65,565|
|Medtronic||Medical Equipment & Supplies||$16.9||46,000|
|Ameriprise Financial||Investment Services||$11.2||12,039|
|General Mills||Food Processing||$18||41,000|
|Xcel Energy||Electric Utilities||$10.9||11,457|
|Best Buy||Computer & Electronics Retail||$42.4||140,000|
|St. Jude Medical||Medical Equipment & Supplies||$5.5||16,000|
|Hormel Foods||Food Processing||$8.9||19,800|
|CH Robinson Worldwide||Other Transportation||$12.8||11,676|
Sources: Interactive Data, LionShares, Thomson Reuters Fundamentals and Worldscope via FactSet Research Systems; Bloomberg; Forbes.
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.
|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 call Minneapolis-Saint Paul home – a testament to the region’s ability to help companies prosper.
|Greater MSP 2014 Ranking||Company||Fortune 500 Ranking||Revenue (billions)|
|1||United Health Group||14||122.4|
|10||Land O' Lakes||199||14.6|
|12||C.H. Robinson Worldwide||220||12.7|
|15||The Mosaic Company||283||9.9|
|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:
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 Rank||Private Company/Headquarters||Product/Service||Revenue (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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Saint Paul, MN 55101