Fortune 500 and Fortune 1000 Companies in Minneapolis
Updated Sep 7, 2024
As of 2024, there are currently 6 Fortune 500 companies and 7 Fortune 1000 companies headquartered in Minneapolis, Minnesota. These companies in total generate $212 billion in annual revenue, $17 billion in annual profit and employ 566,000 people.
A Fortune 500 company is one of the 500 largest corporations in the United States, ranked by total revenue for their respective fiscal years. These companies are known for their significant influence on the economy, often leading their industries and driving innovation and job creation. The Fortune 1000 list expands on this by including the top 1,000 companies, offering a broader perspective on the nation's corporate landscape.
Minneapolis, Minnesota, serves as a major hub for Fortune 500 and Fortune 1000 companies, contributing to the city's status as a powerhouse of business and economic activity in the Midwest. Its central location, robust infrastructure, and highly educated workforce make it an attractive base for corporations in various industries, including retail, healthcare, and finance. These companies play a pivotal role in the local economy, providing jobs and fostering regional growth.
In this article, we offer a comprehensive list of the Fortune 500 and Fortune 1000 companies headquartered in Minneapolis. This list spotlights the key players in the city’s corporate environment, offering insights into their industries, revenue, and their broader impact on the Minneapolis community.
| Rank | Company | Ticker | Industry | State | City | Revenues (millions) | Profits (millions) | Assets (millions) | Market Value (millions) | Employees |
|---|---|---|---|---|---|---|---|---|---|---|
| 37 | Target | TGT | General Merchandisers | Minnesota | Minneapolis | $107,412 | $4,138 | $55,356 | $81,816.1 | 415,000 |
| 107 | U.S. Bancorp | USB | Commercial Banks | Minnesota | Minneapolis | $40,624 | $5,429 | $663,491 | $69,656.5 | 75,465 |
| 203 | General Mills | GIS | Food Consumer Products | Minnesota | Minneapolis | $20,094.2 | $2,593.9 | $31,451.7 | $39,501.5 | 34,000 |
| 254 | Ameriprise Financial | AMP | Diversified Financials | Minnesota | Minneapolis | $16,096 | $2,556 | $175,191 | $43,927.7 | 13,800 |
| 302 | Xcel Energy | XEL | Utilities: Gas and Electric | Minnesota | Minneapolis | $14,206 | $1,771 | $64,079 | $29,839.6 | 11,311 |
| 405 | Thrivent Financial for Lutherans | Insurance: Life, Health (Mutual) | Minnesota | Minneapolis | $9,720.3 | $347.2 | $115,628.7 | 3,810 | ||
| 831 | Donaldson | DCI | Industrial Machinery | Minnesota | Minneapolis | $3,430.8 | $358.8 | $2,770.5 | $8,989.2 | 13,000 |