Minnesota is one of the highest ranking states in terms of Fortune, Forbes and S&P 500 companies. A world-renowned hospital is the largest employer in the state.
- With 17 Fortune 500 companies, Minnesota ranks 11th nationwide in the number of Fortune 500 companies. More impressive, the Twin Cities ranks first among the 30 largest metropolitan areas nationwide – and Minnesota ranks fourth – in Fortune 500 companies per 1 million people.
Forbes Largest Private Companies
- Minnesota is home to six of Forbes Largest Private Companies, ranking 13th nationwide. The state also ranks 10th in the number of private companies per 1 million people. With revenues of nearly $115 billion, Minnesota-based Cargill ranks first in the country among private companies.
Standard & Poor’s 500 index
- Minnesota ranks 13th nationwide in total number of in Standard & Poor’s 500 index (S&P 500) companies and sixth in S&P 500 companies per 1 million people. The S&P 500 is one of the most widely quoted American indexes because it represents the largest publicly traded corporations in the U.S. by market value.
Minnesota Largest Employers
- With nearly 41,700 employees, Mayo Clinic is the largest employer in the state.