Economy of Minneapolis

lang="EN-US">Five Fortune 500 corporations make their headquarters within the city limits of Minneapolis: Target, U.S. Bancorp, Xcel Energy, Ameriprise Financial and Thrivent Financial for Lutherans. As of 2009 the city's largest employers are Target, University of Minnesota, Allina Health, Fairview Health Services, Wells Fargo, Hennepin County, Ameriprise, Hennepin County Medical Center, U.S. Bancorp, City of Minneapolis, Xcel Energy, Capella Education Company, RBC Wealth Management, Macy's, TCF Financial, Federal Reserve Bank of Minneapolis, Thrivent, and the Star Tribune.

Foreign companies with U.S. offices in Minneapolis include Accenture, Canadian Pacific, Coloplast, RBC and ING Group.

Availability of Wi-Fi, transportation solutions, medical trials, university research and development expenditures, advanced degrees held by the work force and energy conservation are so far above the national average that in 2005, Popular Science named Minneapolis the "Top Tech City" in the U.S. The Twin Cities ranked the country's second best city in a 2006 Kiplinger's poll of Smart Places to Live and Minneapolis was one of the Seven Cool Cities for young professionals.

The Twin Cities contribute 63.8% of the gross state product of Minnesota. The area's $199.6 billion gross metropolitan product and its per capita personal income rank thirteenth in the U.S. Recovering from the nation's recession in 2000, personal income grew 3.8% in 2005, though it was behind the national average of 5%. The city returned to peak employment during the fourth quarter of that year.

The Federal Reserve Bank of Minneapolis, serves Minnesota, Montana, North and South Dakota, and parts of Wisconsin and Michigan. The smallest of the 12 regional banks in the Federal