Skip to main content
Updated:
Original:

Fewer MN companies in the Fortune 500, but it's not a reason to worry

Author:

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.

Next Up

u.s. attorney

Minnesotan sentenced after assaulting man with baseball bat

Marshall Wayne Boshey was sentenced to 30 months in prison followed by two years of supervised release.

Target store

Target's gift card discount is back, but for this weekend only

The fine print: for Target Circle members only (but membership is free).

Screen Shot 2020-06-15 at 7.11.05 AM

Minneapolis teen arrested in St. Cloud after fleeing police in stolen vehicle

The vehicle was stolen in a car-jacking in Minneapolis Thursday.

snow, blowing snow

Winter storm warnings issued with heavy snow set to slam MN

Parts of northern Minnesota could see more than a foot of snow, but there won't be much in the Twin Cities.

D'Angelo Russell

With KAT out, Timberwolves can't upset Nets

D'Angelo Russell stepped up but couldn't overcome Brooklyn's firepower.

Everson Griffen Vikings dot com

Everson Griffen confirms he has bipolar disorder

"I’ve been running from it a long time. I’m not ashamed of it anymore.”

Angela Renee Jones, St. Cloud murder suspect

St. Cloud suspect now charged in two local murder cases

Both murders happened within a day of each other in June.

st anthony 3 crop

Twin Cities police ask for help finding missing 16-year-old

Police say all her family and friends have been contacted, and none of them know where she is.

mpd suspect 12.3.21 - 1 - CROP

MPD releases photos of shooting suspect, asks for public's help

The man is wanted in connection with a fatal shooting that happened Wednesday evening.

redmons popcorn colbert 2

Support grows for Redmon's Popcorn after shop's sudden closure

The county also commented on the situation, saying it hopes to help owner Zack Redmon.

Related

Fortune Global 500 list includes six Minnesota companies

UnitedHealth Group, Target, Best Buy, Supervalu, 3M and Inver Grove Heights-based CHS are among Fortune’s list of the biggest companies in the world. Twin Cities Business reports all the Minnesota companies were on the list last year, but dropped in this year’s annual ranking, expect for CHS, who jumped 97 spots.

Minnesota is losing another Fortune 500 company

The Mosaic Company is moving its headquarters to Tampa.