The new Fortune 500 is out, and there aren't quite as many Minnesota companies on it as there were last year.
18 firms had spots on the coveted list of the country's biggest companies in 2014, but now the state boasts only – ready for it? – 17, according to WCCO.
But it may not be a sign of doom and gloom for Minnesota's economy. The station says the missing company – Edina-based Nash Finch – left the state after merging with a Michigan grocery chain.
So, it wasn't a downgrade, but an exit.
When the number was still 18, Minnesota had more Fortune 500 companies per capita "than all but one state," according to the Minnesota Department of Employment and Economic Development.
It's difficult to tell whether the loss affects that, but it looks like Minnesota might not be at 17 for long.
The Pioneer Press notes that three Minnesotan companies – Valspar, Polaris Industries and Securian Financial Group – have been moving up and are now not far from the top 500 in 570th, 574th and 602nd respectively.
UnitedHealth was the highest ranked Minnesotan company, with its $130 billion revenues placing it in 14th, ahead of Target in 36th and CHS Inc. in 69th.
General Mills, Best Buy and 3M are among the other Minnesota companies in the 500.
You can view the 2015 list by clicking here.