Minnesota has more Fortune 500 companies per capita than all but one state, which is no surprise given the state's tremendous competitive advantages.
There are 18 Fortune 500 companies headquartered in the state, including some of the world's most recognized firms. Minnesota has the tenth-most Fortune 500s in the nation.
By metropolitan area, Minneapolis-St. Paul ranks first among the 30 largest metropolitan areas in the number of Fortune 500 companies per capita. Overall, the Twin Cities ranks fifth among the 30 largest metropolitan areas with 17 companies (Hormel is located in Austin, MN).