TheMinneapolis–Saint Paulmetropolitan area is the 16th-largesturban agglomeration in theUnited States, and is home to many corporations, companies, and divisions. The core cities ofMinneapolis andSaint Paul host many companies, with many others in thesuburban cities.
As of 2023, there were 14Fortune 500 companies headquartered in theMinneapolis–St. Paulmetropolitan area, with another 5 companies listed in theForbes Largest Private Companies list.[1]
Wells Fargo continues to have a major presence in Minneapolis, and the city is home to the Wells Fargo Home Mortgage division. In 1998,Norwest Bank of Minneapolis bought Wells Fargo Bank ofSan Francisco, California. Because Wells Fargo had more brand recognition, Norwest chose to rename itself Wells Fargo Bank and moved its headquarters from Minneapolis to San Francisco.
Honeywell was headquartered in Minneapolis but moved toMorristown, New Jersey to occupyAllied Signal's headquarters after the two companies merged in 1999.Honeywell's former headquarters is now occupied byWells Fargo.
TheSoo Line Railroad is based in Minneapolis, but is owned by theCanadian Pacific Railway. The old company headquarters still exist as theSoo Line Building. The current headquarters isCanadian Pacific Plaza.
Northwestern Consolidated Milling Company produced Ceresota flour in Minneapolis from 1891 to 1953. Its Elevator A, and A and F mills are still standing and two of these structures are in use as office buildings.
ReliaStar Life Insurance Co. was bought byING of the Netherlands but still maintains division headquarters in Minneapolis.
Dain Rauscher was bought byRBC of Canada but still maintains division headquarters in Minneapolis.
Burlington Northern was based in St. Paul until it merged with theAtchison, Topeka & Santa Fe Railway to form theBNSF Railway. It is now based inFort Worth, Texas.
The St. Paul Companies was the oldest company in Minnesota. In 2004, they merged withTravelers and in 2009 they moved their headquarters toNew York City.
In 2008,Northwest Airlines announced that it was merging withDelta Air Lines and moving its headquarters toAtlanta,Georgia.
In December 2010,ADC Telecommunications was purchased byTE Connectivity. By May 2011, they had moved the operations out of the Eden Prairie HQ of ADC to other facilities. TE Connectivity continues to use ADC's Shakopee, MN facility.
Department 56, Inc. was headquartered in Eden Prairie, MN. The maker of collectibles and giftware, notably Christmas Village buildings and Snowbabies, filed for bankruptcy in 2009 after purchasing Lenox from Brown & Foreman in 2005. Department 56 was eventually acquired byEnesco and moved all operations except the artistic talent to Enesco's headquarters in Itasca, Illinois.
In 2001Pillsbury Company was purchased byGeneral Mills (also located in the Minneapolis–St. Paul area). Parts of Pillsbury were sold to International Multifoods Corporation[2] which was later purchased byThe J.M. Smucker Company of Orrville, Ohio, in 2004.
The Musicland Group, Inc. was an entertainment company which ran Musicland, Sam Goody, Suncoast Motion Picture Company, On Cue, and the Media PlaySuperstore Chains. The Musicland Group was purchased by Best Buy in 2001.
Control Data Corporation was a supercomputer firm which broke up into Control Data Systems and Control Data Corporation (CDC). CDC currently operates asCeridian.
Jasc Software was a software company in Eden Prairie which was founded by the creator ofPaint Shop Pro. It was acquired byCorel Corporation in 2004.
PepsiAmericas was merged into Pepsi Beverage Co. in 2009.
Lawson Software was an ERP software company based in St. Paul prior to being acquired byInfor.
Nash Finch merged with Spartan Stores to become SpartanNash and the headquarters was moved to Grand Rapids, Michigan.[3]