The economy of Minneapolis today is based in commerce, finance, rail and trucking services, health care, and industry. Smaller components are in publishing, milling, food processing, graphic arts, insurance, and high technology. Industry produces metal and automotive products, chemical and agricultural products, electronics, computers, precision medical instruments and devices, plastics, and machinery. Five Fortune 500 headquarters are in Minneapolis: Target Corporation, U.S. Bancorp, Xcel Energy, Ameriprise Financial and Thrivent Financial for Lutherans. Fortune 1000 companies in Minneapolis include PepsiAmericas, Valspar Corporation and Donaldson Company.
Major employers in Minneapolis include the State of Minnesota, the U.S. Government, Target Corp., the University of Minnesota, and Mayo Clinic.
The unemployment rate for Minneapolis was 4.2 in February 2005. The median household income was $37,974 in 2000.
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