Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,043,145 times
Reputation: 4047
Advertisements
Quote:
Originally Posted by RenaudFR
Congrats Minneapolis !
Minneapolis is a dynamic economy or it's weak as many other miwest cities too ?
No it's actually one of the most stable economies in the country. It also fared better in the Global Recession than the large majority of the cities in the country.
Location: The Greatest city on Earth: City of Atlanta Proper
8,485 posts, read 14,994,819 times
Reputation: 7333
Quote:
Originally Posted by hsw
Second tallest midget in sclerotic, dying RustBelt
Even Chicago has no corporate HQs of any >$100Bn mkt cap cos. in region; two most valuable cos., Abbott and McD's, are in distant suburbs, not in City, and are paltry ~$60Bn mkt cap cos.
And no region in Midwest has created any valuable new cos. in decades
To benchmark it, SiliconValley has ~8 cos. HQd w/>$100Bn mkt cap each; NYC region has ~6 such HQs; Dallas has 2; Houston and LA: none...
Not sure what that has to do with anything. Market cap seems like it would be more important to the stock holders than anyone else. Then again I'm not in finance so what do I know.
No it's actually one of the most stable economies in the country. It also fared better in the Global Recession than the large majority of the cities in the country.
Second tallest midget in sclerotic, dying RustBelt
Even Chicago has no corporate HQs of any >$100Bn mkt cap cos. in region; two most valuable cos., Abbott and McD's, are in distant suburbs, not in City, and are paltry ~$60Bn mkt cap cos.
And no region in Midwest has created any valuable new cos. in decades
To benchmark it, SiliconValley has ~8 cos. HQd w/>$100Bn mkt cap each; NYC region has ~6 such HQs; Dallas has 2; Houston and LA: none...
Another stupid post by a wannabe tech/finance titan who seems to have enough time to rehashing repetitive posts on an internet forum.
If you look at the big picture, 1bn mkt cap companies mean nothing, NYC's economy absolutely crushes SV/SF (puny in comparison) economy. You always remind us Manhattan and Palo Alto have the two most important economy in the world but truthfully they don't belong in the same category. Snap back into reality.
Congrats Minneapolis !
Minneapolis is a dynamic economy or it's weak as many other miwest cities too ?
Below is a list of a few companies headquartered in the Minneapolis area. Is this dynamic enough for you?
Company Name - Revenue
Description
Cargill Inc. - $120B
Multinational agriculture company
UnitedHealth Group Inc. – $87.1B
Benefit design and implementation for companies, owns and operates health plans
Target Corp. – $65.4B
Retailer
Best Buy Co. Inc. - $49.7B
Retailer
Supervalu Inc. - $44.6B
Grocery wholesaler and retailer
CHS Inc. - $25.7B
Energy and agricultural cooperative
3M Co. – $23.1B
Global diversified technology company
U.S. Bancorp - $19.5B
Regional bank holding company
Medtronic Inc. - $15.5B
Medical device technologies
General Mills Inc. - $14.8B
Consumer foods
Land O'Lakes - $10.4B
Dairy
Mosaic Co. – $10.3B
Produces and distributes concentrated phosphate and potash crop nutrients, nitrogen fertilizers and feed ingredients.
Xcel Energy Inc. - $9.6B
Electric and natural gas utility
Ameriprise Financial Inc. - $7.9B
Diversified financial services
C.H. Robinson Worldwide Inc. - $7.6B
Transportation services and logistics support
Thrivent Financial for Lutherans - $6.5B
Financial services
Ecolab Inc. - $5.9B
Provides cleaning, sanitizing, food safety, infection control products and maintenance products and services
Nash Finch Co. - $5.2B
Food wholesaler and owner and operator of supermarkets
Alliant Techsystems Inc. – $4.8B
Develops aerospace and defense products and systems
St. Jude Medical Inc. - $4.7B
Makes cardiovascular medical devices
Carlson Companies - $4.3B
Owns hotel, restaurant, and travel franchises
Patterson Cos Inc. – $3.2B
Distributes dental, veterinary and rehabilitation supplies and equipment
Valspar Corp. - $2.9B
Makes paint and coatings
M A Mortenson - $2.8B
Construction
Pentair Inc. - $2.7B
A diversified operating company; Water Group makes products for the movement, treatment, storage and enjoyment of water; Technical Products Group makes standard, modified and custom enclosures that house and protect sensitive electronics
Rosen's Diversified - $2.6B
Meat products
Andersen Corporation - $2.5B
Manufacturer of windows
Regis Corp. - $2.4B
Owns, operates and franchises hair salons in mall and strip-center locations
OneBeacon Insurance Group - $2.4B
Offers a range of specialty and personal insurance products and services
Holiday Companies - $2.0B
Convenience stores
Polaris Industries Inc. - $1.6B
Makes snowmobiles, all-terrain vehicles and motorcycles, garments and accessories
The Toro Co. – $1.5B
Makes turf maintenance equipment and precision irrigation systems for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields.
MoneyGram International Inc. - $1.2B
Provides global money transfer, money order and payment processing products and services
ADC Telecommunications Inc. - $1.1B
Provides communications network infrastructure and services worldwide
Gander Mountain Co. - $1.1B
Specialty retailer of outdoor goods
Life Time Fitness Inc. – $837M
Operates sports and athletic, professional fitness, family recreation and resort/spa centers
Lawson Software Inc. - $713.5M
Provides financial management, human resources, professional services automation, procurement, business intelligence and other business management related software
Fair Isaac Corp. (FICO) – $618.8M
Business analytics and decision management technology company
Select Comfort Corp. - $544.2M
Makes and sells adjustable-firmness beds and other sleep-related products
Buffalo Wild Wings Inc. - 538.9M
Restaurant chain
Piper Jaffray Cos. - $482.5M
General securities brokerage, corporate and public finance
Securian Financial Group, Inc. - $339M
Financial services corporation
Capella Education Co. - $334.6M
Online post-secondary education services company specializing in master's and doctoral degrees.
Caribou Coffee Co. Inc. – $262.5M
Coffeehouses
Famous Dave's of America Inc. - $136M
Restaurant chain
Well, as of 2007 Minneapolis/St.Paul had the 6th highest GDP per capita in the US. Detroit was 20th. MSP also has the 5th highest concentration of Fortune 500 headquarters.
However, I don't know where the original article got its data. Detroit's 2008 GDP was listed at $253 billion, not $200 billion as the article claims. On the other hand, Minneapolis/St.Paul has already overtaken Detroit in Gross Metropolitan Product - a slightly different measure - according to the 2009 US Conference of Mayors.
Still, the Twin Cities' GDP is growing at a faster rate, and so is the population. Detroit's metro is still larger by about 1.2 million people but had a 1% population loss from 2000-2009. The Twin Cities gained population by more than 10% in the same period.
It seems only to be a matter of time until the Twin Cities overtake Detroit in both GDP and population.
Not that I dsipute Detroits GDP according to PWC, but Charlotte is not ranked in that list even though it has GDP of $118.4 billion and a GMP of $115 billion. That for example makes the list suspect.
Below is a list of a few companies headquartered in the Minneapolis area. Is this dynamic enough for you?
Company Name - Revenue
Description
Cargill Inc. - $120B
Multinational agriculture company
UnitedHealth Group Inc. – $87.1B
Benefit design and implementation for companies, owns and operates health plans
Target Corp. – $65.4B
Retailer
Best Buy Co. Inc. - $49.7B
Retailer
Supervalu Inc. - $44.6B
Grocery wholesaler and retailer
CHS Inc. - $25.7B
Energy and agricultural cooperative
3M Co. – $23.1B
Global diversified technology company
U.S. Bancorp - $19.5B
Regional bank holding company
Medtronic Inc. - $15.5B
Medical device technologies
General Mills Inc. - $14.8B
Consumer foods
Land O'Lakes - $10.4B
Dairy
Mosaic Co. – $10.3B
Produces and distributes concentrated phosphate and potash crop nutrients, nitrogen fertilizers and feed ingredients.
Xcel Energy Inc. - $9.6B
Electric and natural gas utility
Ameriprise Financial Inc. - $7.9B
Diversified financial services
C.H. Robinson Worldwide Inc. - $7.6B
Transportation services and logistics support
Thrivent Financial for Lutherans - $6.5B
Financial services
Ecolab Inc. - $5.9B
Provides cleaning, sanitizing, food safety, infection control products and maintenance products and services
Nash Finch Co. - $5.2B
Food wholesaler and owner and operator of supermarkets
Alliant Techsystems Inc. – $4.8B
Develops aerospace and defense products and systems
St. Jude Medical Inc. - $4.7B
Makes cardiovascular medical devices
Carlson Companies - $4.3B
Owns hotel, restaurant, and travel franchises
Patterson Cos Inc. – $3.2B
Distributes dental, veterinary and rehabilitation supplies and equipment
Valspar Corp. - $2.9B
Makes paint and coatings
M A Mortenson - $2.8B
Construction
Pentair Inc. - $2.7B
A diversified operating company; Water Group makes products for the movement, treatment, storage and enjoyment of water; Technical Products Group makes standard, modified and custom enclosures that house and protect sensitive electronics
Rosen's Diversified - $2.6B
Meat products
Andersen Corporation - $2.5B
Manufacturer of windows
Regis Corp. - $2.4B
Owns, operates and franchises hair salons in mall and strip-center locations
OneBeacon Insurance Group - $2.4B
Offers a range of specialty and personal insurance products and services
Holiday Companies - $2.0B
Convenience stores
Polaris Industries Inc. - $1.6B
Makes snowmobiles, all-terrain vehicles and motorcycles, garments and accessories
The Toro Co. – $1.5B
Makes turf maintenance equipment and precision irrigation systems for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields.
MoneyGram International Inc. - $1.2B
Provides global money transfer, money order and payment processing products and services
ADC Telecommunications Inc. - $1.1B
Provides communications network infrastructure and services worldwide
Gander Mountain Co. - $1.1B
Specialty retailer of outdoor goods
Life Time Fitness Inc. – $837M
Operates sports and athletic, professional fitness, family recreation and resort/spa centers
Lawson Software Inc. - $713.5M
Provides financial management, human resources, professional services automation, procurement, business intelligence and other business management related software
Fair Isaac Corp. (FICO) – $618.8M
Business analytics and decision management technology company
Select Comfort Corp. - $544.2M
Makes and sells adjustable-firmness beds and other sleep-related products
Buffalo Wild Wings Inc. - 538.9M
Restaurant chain
Piper Jaffray Cos. - $482.5M
General securities brokerage, corporate and public finance
Securian Financial Group, Inc. - $339M
Financial services corporation
Capella Education Co. - $334.6M
Online post-secondary education services company specializing in master's and doctoral degrees.
Caribou Coffee Co. Inc. – $262.5M
Coffeehouses
Famous Dave's of America Inc. - $136M
Restaurant chain
I don't know man, that looks like a pretty rusty manufacturing area. Man, what did the Twin Cities do in 1970 when all those steel mills shut down. Funny, I just argued another southerner in another thread about he kept claiming that "Yes, In fact the Twin Cities are part of the Rust Belt"
Not that I dsipute Detroits GDP according to PWC, but Charlotte is not ranked in that list even though it has GDP of $118.4 billion and a GMP of $115 billion. That for example makes the list suspect.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
