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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 2013 Global 2000 ranking is based on four equally weighted factors, as of May 2013: annual sales, profits, assets and market value.  


In addition, Wells Fargo placed 12th on the Global 2000 list, and Delta Airlines placed 361st. Both have large operations in the Greater MSP region, although neither is based here.

 

Forbes 2012 RankingsCompanyIndustry2013 Sales (billions)Worldwide Employees

 

90

UnitedHealth Group Managed Health Care $110.60 133,000

116

U.S. Bancorp Major Banks $5.60 64,486

147

Target Discount Stores $73.30 361,000

193

3M Conglomerates $29.90 87,677

258

Medtronic Medical Equipment & Supplies $16.40 45,000

365

General Mills Food Processing $17.40 35,000

409

Ameriprise Financial Investment Services $10.30 11,139

490

Mosaic Specialized Chemicals $10.10 8,000

944

Best Buy Computers & Electronics Retail $59.60 167,000

560

Xcel Energy Electric Utility $10.10 11,028

586 

Ecolab Specialized Chemicals $11.80 40,860

1029 

St. Jude Medical Medical Equipment & Supplies $5.50 16,000

998

CH Robinson Worldwide Air Courier $11.50 10,929

1364

Supervalu Food Retail $34.80 130,000

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 133.90 e 140,000
83 Carlson, Minnetonka Hotels, Restaurants & Leisure 4.50 e 60,245
101 Holiday Companies, Bloomington Convenience Stores & Gas Stations 3.90 e 5,000
153 Schwan Food, Marshall Food, Drink & Tobacco 3.00 e 16,000
185  M A Mortenson, Minneapolis Construction 2.47  2,200
186 Rosen's Diversified, Fairmont Food, Drink & Tobacco 2.46 e 4,000
202 Andersen, Bayport Construction 2.20 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 2013 Ranking Company
Fortune 500 RankingRevenue  (billions)
1 United Health Group 17 110.6 
2 Target  36 73.3 
3 Best Buy 61 45.1 
4 CHS 69 40.6 
5 Supervalu 86 36.1 
6 3M 101 29.9 
7 U.S. Bancorp 132 22.2 
8 General Mills 169 16.7 
9 Medtronic 172 16.5 
10 Land O' Lakes 194 14.1 
11 Ecolab 229 11.8 
12 C.H. Robinson Worldwide 237 11.4 
13 Mosaic 246 11.1 
14 Ameriprise Financial 263 10.3 
15 Xcel Energy 266 10.1 
16 Hormel Foods 319 8.2 
17 Thrivent Financial for Lutherans 325  8 
18 St. Jude Medical 457 5.5 
19 Nash Finch 500 4.8 

Source: Forbes, 2013

 

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.
    • Nash Finch ranks fourth in wholesale for food and grocery.
    • 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