What drives Minneapolis's economy? (Major industries, most important
business segments, huge employers, etc.)

Hello Shikibobo,

Below you will find the results of my research regarding the economy
of Minneapolis.


From the Minneapolis Regional Chamber of Commerce:

?The metropolitan area has a strong and diversified business base,
including companies involved in manufacturing super computers,
electronics, medical instruments, milling, machine manufacturing, food
processing and graphic arts. These businesses, and others, have helped
to make the Twin Cities one of the largest commercial centers between
the East and West Coast.?

?Major business strengths include: a highly educated work force;
access to high technology; excellent transportation services; low cost
energy; and available capital.?

?Sixteen of the FORTUNE 500 "Largest U.S. Corporations" are
headquartered in the metro area. The area is also home to a total of
30 FORTUNE 1000 companies and several of the world's largest private
companies.?
 
?Average employment for 2000 was 1,698,228. The average unemployment
rate in 2000 was 2.2 percent. ?

Minneapolis Regional Chamber of Commerce
http://www.minneapolischamber.org/biz_center/economic_profile_climate.htm


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City of Minneapolis 
FY 2004 
Budget Background Information


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Major industries
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?Major industries today include machinery and metal fabricating,
plastics, computers and publishing. Minneapolis is also a center for
graphic arts, printing, electronics and instruments, as well as a
transportation center and distribution point for the Upper Midwest.
Education is a powerful player in Minneapolis? economy, as is banking,
insurance and other service industries. With seven hospitals and the
University of Minnesota, Minneapolis is a nationally known center for
medicine, and the area is home to many high-technology medical product
companies.?

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Largest Employers
-----------------

The list of largest employers in Minnesota include the following
companies with major operations in Minneapolis:

Employer:  State of Minnesota
Approximate Total Number of Employees: 56,000

Employer: United States Government
Approximate Total Number of Employees: 35,000

Employer: Target Corporation
Approximate Total Number of Employees: 32,000

Employer: University of Minnesota
Approximate Total Number of Employees: 31,000

Employer: Allina Health System
Approximate Total Number of Employees: 22,000

Employer: Fairview Health System
Approximate Total Number of Employees: 18,000

Employer: Wells Fargo
Approximate Total Number of Employees: 15,000

Employer: Manpower
Approximate Total Number of Employees: 15,000

Employer: Hennepin County
Approximate Total Number of Employees: 12,000


See the City?s top ten payers of property taxes in 2003 at the following link:
http://216.239.51.104/search?q=cache:w9qzJGNlRPYJ:www.ci.minneapolis.mn.us/city-budget/2004adopted/Sec2_CommunityProfile.pdf+%22Minneapolis++%22+%22+major+industries%22&hl=en

Or you can use this tiny URL
http://tinyurl.com/ysj9k


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?Minneapolis is the largest city in Minnesota, with approximately
380,000 residents spread across 59 square miles.  Settled by early
pioneers in the 1820s because of its ideal natural resources for
processing Minnesota grain, the city still hosts the worldwide
headquarters for international corporations like Pillsbury, General
Mills and Cargill.  Minneapolis? major industries today include
machinery and metal fabricating, plastics, computers, and publishing,
with the city serving as the center of finance, industry, trade, and
transportation for the Upper Midwest.?

Microsoft: Case Study
http://www.microsoft.com/resources/casestudies/CaseStudy.asp?CaseStudyID=13246

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High-technology businesses

?With over l,300 technology-intensive firms, the Minneapolis-St. Paul
metropolitan area has one of the largest concentrations of
high-technology businesses in the nation. The educational resources of
the University of Minnesota and other local educational institutions
provide an excellent supply of engineers and scientists, as well as
applied research, to high-technology firms.?

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FORTUNE 500 Largest U.S. Corporations
-------------------------------------

Target Corporation                        
Revenues $ Millions:  $33,702.0         

United HealthCare Corporation       
Revenues $ Millions:  19,562.0 

SuperValu Inc.                                  
Revenues $ Millions: 17,420.5

3M                                                     
Revenues $ Millions: 15,659.0

Northwest Airlines Inc. 10,276.0
Revenues $ Millions:  

Best Buy Companies Inc. 
Revenues $ Millions:  10,077.9

The St. Paul Companies Inc. 
Revenues $ Millions: 8,641.0

U.S. Bancorp 
Revenues $ Millions: 8,435.4

CENEX Harvest States 
Revenues $ Millions: 6,434.5

General Mills Inc. 279 4,140.7
Revenues $ Millions: 6,246.1

Medtronic 
Revenues $ Millions: 4,134.1

Nash Finch Company 
Revenues $ Millions: 4,123.2

ReliaStar Financial Corporation 
Revenues $ Millions: 3,037.3

Greater Minneapolis Chamber of Commerce
http://www.minneapolischamber.org/PDF/Climate.pdf


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The Beige Book provides a summary of information about recent economic
conditions and trends in the following categories:

- Construction and Real Estate
- Consumer Spending and Tourism
- Manufacturing
- Energy and Mining
- Agriculture 
- Employment, Wages and Prices

Minneapolis Beige Book
April 21, 2004
http://www.minneapolisfed.org/bb/reports/2004/04-04-mi.cfm

Minneapolis Beige Book
March 3, 2004
http://www.minneapolisfed.org/bb/reports/2004/04-03-mi.cfm


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2002 Metropolitan Area Occupational Employment and Wage Estimates
Minneapolis-St. Paul, MN-WI MSA
http://www.bls.gov/oes/2002/oes_5120.htm


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?Minneapolis was known as the milling capital of the world. Today, it
is still referred to as the mill city. More recently the city has
become notable for its medical and financial industries, as well as
the largest shopping mall in the United States, the Mall of America
(actually located in Bloomington, a suburb south of Minneapolis).
?http://en.wikipedia.org/wiki/Minneapolis


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?Minneapolis is seeing growth in residential real estate, consumer
spending, manufacturing and agriculture, according to the Federal
Reserve's "beige book." The city's 4-percent population growth from
1990 to 2000, to 383,000 residents, combined with a young median age
of 31, bodes well for restaurants.?
Nation's Restaurant News,  Oct 6, 2003  by Carolyn Walkup
http://articles.findarticles.com/p/articles/mi_m3190/is_40_37/ai_108694803

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Minneapolis-St. Paul at a Glance Tables
U.S. Department of Labor
Bureau of Labor Statistics	
http://www.bls.gov/eag/eag.mn_minneapolis.htm

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Search criteria:

Minneapolis economy
Minneapolis major industries
Minneapolis major employers


I hope you find this information useful!

Best regards,
Bobbie7

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Clarification of Answer by bobbie7-ga on 14 May 2004 14:45 PDT

The Minneapolis Biosciences Sub-Zone

"The Minneapolis Biosciences Sub-Zone is located in south central and
southeast Minneapolis. Although the sub-zone is one contiguous area,
the majority of the sub-zone is in two unique areas of the city--the
University Research Park and the Minneapolis Life Sciences Corridor.

The goal of the sub-zone is to create an environment that fosters the
retention, creation, and/or relocation of biotechnology and health
science firms to an area of the city that is well positioned in terms
of geography and amenities for successful biotechnology and health
science research, education, and product development."
http://www.mcda.org/development_projects/Biosciences/bioscience.htm

"Minneapolis offers its residents and the larger population of 
the Upper Midwest a place of research and innovation, a hub of 
transportation routes, a center for arts and cultural programming, 
and a concentration of wealth production and service delivery. The 
city showcases new technologies, offers experiences of urban living 
that redefine how we think about our neighbors and the larger 
community, and also provides the traditional comforts of amenities 
and beauty we search for in our homes and neighborhoods. The 
diversity and competitiveness of the regional economy, fueled by 
the economic engine of downtown Minneapolis, have brought 
sustained prosperity and wealth to the Twin Cities area over the last 
two decades."

http://216.239.41.104/search?q=cache:DYR2ZNV3010J:www.planning.org/features/pdf/farmeraustraliaspeech.pdf+%22economic+growth+%22+%22of+the+city+of++Minneapolis+%22&hl=en

Or 

http://tinyurl.com/2vz28

Good answer here.

I had promised to tip you here for your answer elsewhere to the
patents question. I am going to have to renege on that promise because
your answer on the patents question was discredited by the audience to
which I presented it. I fault myself for that because I knew your
numbers did not seem right, even after the clarification. I hope this
will not discourage you from answering questions I may post in the
future.

Dear Shikibobo,

I'm sorry that the information on the patent question didn't result well.
The numbers didn't seem right to me either even after using the
appropiate database. Perhaps we should have added up the numbers from
the two databases to obtain the right figure. Please don't worry about
the tip as it won't discourage me from answering future questions that
you may post.

Thank you for the fives star rating for this question.


Sincerely,
Bobbie7