Minnesota Is Home To 20 Fortune 500 Companies
Posted on May 6, 2011 3:08 pm by edliston


Minnesota VikingCompanies who receive the honor of being named one of the top companies in the world are generally placed on an exclusive list. Those companies, who have continued to succeed and build their overall revenue, are considered for the Fortune 500 list. The list currently consists of some of the largest companies globally and each year new corporations are added, while others drop off the list. For corporations, this is an honor as this helps them increase their brand awareness, with minimal advertising. Companies who take the top ten positions on the list are the key players in the market, and based on the current market trend, many of these companies are either involved in telecom or the internet. Regardless of the company’s specialty, it is an honor to be a part of the list and it is just as great an honor for those who work for these companies. This year the list has just been released and it seems that the most fortune 500 companies per state, measured against their capita is Minnesota. The state boasts some of the largest retailers and though most people link the state with the mega department store Target, there are many other companies which are large and throughout the country. Target currently operates throughout the United States and Canada, along with other major corporations in the state including UnitedHealth Group Inc. (NYSE:UNH). UnitedHealth has actually topped the list with over $95 billion dollars in revenue. The state continues to emerge and currently they stand as the number 4 state in the list of fortune 500 companies, tying with New Jersey.
Other states which have a larger concentration of fortune 500 companies than Minnesota include New York, Texas and California. Some of the largest and most well known companies operate from these states and are located throughout the world. They are known to bring in the highest overall revenues and hire the largest workforce. However this year it seems that Minnesota has one less company compared to last year, but regardless of the dropout, they have maintained their position. Minnesota has been able to maintain their position due to the number of fortune 500 companies compared to the states entire population. This is certainly an honor for the state and something they can add to their list of achievements. In addition to corporations, the State of Minnesota is also known for providing the country with some of the most well known entertainers.


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