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Minnesota Business Data

Businesses, industries, public companies, banks, trucking companies, new business applications and bankruptcies in Minnesota.

Employer establishments
154,455
2023
Employees
2,803,410
New applications, 12 months
80,979
+15.0% vs. prior 12 months

Industries

Employer businesses in 2023

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IndustryEstablishmentsEmployeesAverage pay
Health care and social assistance19,985482,616$58,805
Manufacturing6,718325,317$73,506
Retail trade17,727306,468$34,958
Accommodation and food services12,374237,574$24,978
Professional and technical services16,218195,107$98,953
Administrative and support services7,939178,023$54,105
Finance and insurance9,687169,792$120,512
Management of companies1,128151,489$113,078
Construction17,568144,692$91,833
Wholesale trade7,025141,431$102,494
Other services15,969116,463$39,979
Transportation and warehousing5,142106,095$60,796
Educational services2,10771,806$38,471
Information2,63162,246$110,228
Arts, entertainment and recreation3,20448,379$46,012
Real estate and rental7,78641,795$65,737
Utilities37114,790$118,870
Mining, oil and gas1695,237$108,970
Agriculture, forestry and fishing5733,922$60,722

Total annual payroll: $191.5B

Largest public companies in Minnesota

All companies

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#CompanyRevenueNet income
1UnitedHealth Group IncUNH$447.6B$12.06B
2Target CorpTGT$104.8B$3.71B
3Travelers Companies, Inc.TRV$48.83B$6.29B
4Best Buy Co IncBBY$41.69B$1.07B
5CHS IncCHSCP$35.46B$597.9M
6US Bancorp \de\USB$28.66B$7.57B
73m CoMMM$24.95B$3.25B
8Ameriprise Financial IncAMP$18.91B$3.56B
9General Mills IncGIS$18.42B-$87.6M
10C. H. Robinson Worldwide, Inc.CHRW$16.23B$587.1M

Banks headquartered in Minnesota

221 FDIC-insured banks

All banks

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#BankTotal assetsDepositsOffices
1Ameriprise Bank, FSB$25.48B$23.94B2
2Bridgewater Bank$5.38B$4.36B10
3Frandsen Bank & Trust$3.66B$3.13B40
4Stearns Bank National Association$3.27B$2.39B8
5Minnwest Bank$2.94B$2.57B36
6Merchants Bank, National Association$2.88B$2.5B22
7Tradition Capital Bank$2.72B$2.1B4
8Think Mutual Bank$2.23B$1.86B9
9Deerwood Bank$1.52B$1.38B14
10Park State Bank$1.49B$1.21B18

Trucking companies

Carriers in this state
Active carriers
76,304
Power units
256,830
Drivers
288,082

New businesses and bankruptcies

Counties

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CountyEstablishmentsEmployeesAverage pay
Hennepin County40,486939,201$83,049
Ramsey County13,677294,664$69,190
Dakota County10,964185,426$67,061
Anoka County8,438123,486$59,745
Washington County6,54295,631$56,273
St. Louis County5,36084,223$55,875
Stearns County4,47484,123$58,174
Olmsted County3,754107,285$76,343
Wright County3,68042,944$54,346
Scott County3,65560,419$59,727
Carver County2,71439,280$62,979
Crow Wing County2,28328,209$47,722
Sherburne County2,25124,222$53,832
Blue Earth County1,99235,883$50,521
Otter Tail County1,73018,813$49,353
Rice County1,60025,126$48,956
Kandiyohi County1,41618,568$51,009
Douglas County1,39418,208$55,745
Chisago County1,35815,081$52,646
Clay County1,30616,761$44,950
Goodhue County1,29418,951$54,291
Beltrami County1,25016,073$46,475
Itasca County1,17513,380$51,665
Winona County1,14523,937$48,167
Steele County1,02418,853$62,861
Isanti County1,0049,859$45,392
Benton County97516,944$53,659
Becker County95610,874$53,871
McLeod County95614,890$52,607
Morrison County9338,532$48,841
Cass County8917,493$43,208
Lyon County81412,732$52,047
Mower County80013,890$52,516
Brown County78612,995$51,048
Freeborn County75510,861$50,569
Mille Lacs County7428,011$47,006
Polk County7338,944$47,103
Le Sueur County7227,817$58,704
Carlton County7087,855$54,850
Nicollet County68513,540$54,315
Hubbard County6304,685$48,425
Pine County6276,406$42,399
Meeker County6066,775$54,057
Martin County5977,402$56,813
Todd County5796,073$49,654
Fillmore County5774,608$44,941
Nobles County5748,853$50,539
Wabasha County5565,125$45,724
Redwood County5095,143$48,134
Renville County4744,140$57,270
Roseau County4297,162$55,220
Dodge County4274,822$61,489
Waseca County4264,108$52,020
Aitkin County4153,632$49,962
Wadena County3993,946$45,380
Houston County3944,309$47,473
Faribault County3793,758$48,758
Chippewa County3724,524$48,473
Koochiching County3673,520$45,253
Pennington County3658,929$60,263
Sibley County3593,390$45,066
Lake County3403,213$45,422
Cottonwood County3255,046$47,076
Yellow Medicine County3243,603$55,511
Pope County3233,137$57,719
Stevens County3184,051$60,012
Kanabec County3143,371$51,658
Pipestone County3123,196$46,605
Jackson County3043,953$53,631
Swift County3013,382$50,977
Cook County2921,965$45,509
Watonwan County2803,793$46,005
Rock County2793,070$45,472
Murray County2692,175$47,950
Marshall County2591,525$57,879
Grant County2061,533$45,808
Clearwater County2022,107$68,375
Lac qui Parle County1971,712$51,649
Lincoln County1831,176$43,651
Big Stone County1781,372$51,497
Norman County1751,206$55,603
Lake of the Woods County1541,352$66,010
Wilkin County1451,638$47,871
Kittson County1441,067$44,369
Traverse County121732$53,268
Mahnomen County981,458$43,814
Red Lake County89642$41,308

Source: U.S. Census Bureau, SEC, FDIC, FMCSA and the U.S. Courts · Last updated 12/31/2023