A Robust & Diverse Economy

There is room for everyone to succeed in Minnesota

Minnesota Overview

Land Area: 206,232 square kilometers | Population: 5.7 million | Labor Force: 3.1 million

Gross Domestic Product (GDP): $446 billion | Per Capita GDP: $78,098

Why Invest in Minnesota - Translations

Home to Both Global Giants and Nimble Startups

Minnesota’s diverse and resilient economy equips businesses with the right ingredients for success. The Minneapolis–St. Paul region ranks as the 17th most diverse economy among all 384 U.S. metropolitan areas, demonstrating the state’s strength across multiple industries.

The state also leads the nation in new business growth: companies launched here are more likely to survive beyond five years than anywhere else in the country.

With a powerful combination of skilled talent, innovation, advanced technology, robust infrastructure, and exceptional quality of life, Minnesota provides the foundation businesses need to thrive. It’s no wonder so many global leaders choose to grow here.

Largest and Best-Known Companies

Minnesota is home to many well‑known, industry‑leading companies, including 3M, General Mills, U.S. Bancorp, Target, and Best Buy. The Twin Cities rank among the nation’s top metropolitan areas for the concentration of major corporate headquarters, reinforcing Minnesota’s position as a hub for influential, globally recognized businesses.

The country’s largest privately held company, Cargill, is headquartered in Minnesota. One of the world’s most respected healthcare institutions, Mayo Clinic, began in Rochester and continues to operate here. And global medical technology leader Medtronic maintains its operational headquarters in the state.

Newest Minnesotans

Hear directly from some of Minnesota’s newest residents — professionals in high‑tech manufacturing, artisan glass, and renewable energy who have relocated from around the world to a place they now proudly call home.