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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. Beckstrom
Phone: 612 619 6851
Email: gab4254@gmail.com
LinkedIn: www.linkedin.com/pub/Gregory-
Beckstrom
Home Address: 4254 Garfield Avenue,
Minneapolis, MN 55409

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Minnesota Market Assessment 3-1-2015

  • 1. Minnesota Overview Prepared by Gregory Beckstrom February 2015
  • 2.
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. 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
  • 7. General Layout of the State
  • 8. Top Exports by Major Product
  • 10. 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.
  • 11. 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
  • 12. 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
  • 15.
  • 16. 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
  • 17. 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
  • 18. 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.
  • 19. 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
  • 20. Gregory A. Beckstrom Phone: 612 619 6851 Email: gab4254@gmail.com LinkedIn: www.linkedin.com/pub/Gregory- Beckstrom Home Address: 4254 Garfield Avenue, Minneapolis, MN 55409