Top 10 Businesses Now Generating The Most Revenue In Minnesota

Not all states in America are equal when it comes to being business-friendly, but Minnesota is known to be a good state for big business to be headquartered.

In fact, earlier this year, Minnesota Governor Tim WalzWalz announced that Minnesota was ranked sixth in the nation for business, according to a recent CNBC study. Minnesota's ranking is based on 128 key indicators in 10 categories of competitiveness, including workforce, infrastructure, economy, quality of life, and business friendliness.

Another feather in the cap for Minnesota is that the state was also recently ranked the best state for independent retailers, according to a B2B Reviews study.

In 2024, 17 Minnesota-based companies were on the Fortune 500 list, but which public companies headquartered in Minnesota are generating the most revenue?

10 Businesses Now Generating The Most Revenue In Minnesota

Recently, while conducting a related study, OUSC looked into public businesses headquartered in Minnesota that are generating the most revenue.

The methodology was pretty straightforward, the data was collected over the past year using Crunchbase, the leading destination for company insights from early-stage startups to the Fortune 1000.

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Here are the Top 10 businesses and the numbers are astounding!

10. C.H. Robinson

Founded in 1905, C.H. Robinson has generated a revenue of $17,600,000,000.

9. General Mills

Founded in 1928, General Mills has generated a revenue of $20,000,000,000.

 8. Medtronic

Founded in 1949, Medtronic has generated a revenue of $31,200,000,000.

7. 3M

Founded in 1902, 3M has generated a revenue of $32,700,000,000.

6. U.S. Bankcorp

Founded in 1968, U.S. Bankcorp has generated a revenue of $40,600,000,000.

5. Best Buy

Founded in 1966, Best Buy has generated a revenue of $45,200,000,000.

4. CHS Hedging

Founded in 1929, CHS Hedging has generated a revenue of $45,600,000,000.

3. Target

Founded in 1962, Target has generated a revenue of $107,800,000,000.

2. Optum

Founded in 2011, Optum has generated a revenue of $226,800,000,000.

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1. United HealthCare

Founded in 1977, United HealthCare has generated the most revenue by a wide margin, generating a whopping $371,800,000,000.

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