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 more than 43,200 workers, the Mayo Clinic is the largest employer in the state.