Economy Of Minnesota
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Economy Of Minnesota
The economy of Minnesota produced US$312 billion of gross domestic product in 2014. Minnesota headquartered 31 publicly traded companies in the top 1,000 U.S. companies by revenue in 2011. This includes such large companies as Target Corporation, Target and UnitedHealth Group. The Per capita personal income in the United States, per capita personal income in 2016 was $51,990, ranking sixteenth in the nation. The median household income in 2013 ranked eleventh in the nation at $60,900. Industry and commerce Minnesota's economy has transformed in the past 200 years from one based on raw materials to one based on finished products and services. The earliest industries were fur trading and agriculture. Agriculture is still a major part of the economy even though only a small percentage of the population, less than 1%, are employed in the farming industry. Minnesota is the U.S.'s largest producer of sugar beets, sweet corn, and green peas for processing and farm-raised turkeys. S ...
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Forestry
Forestry is the science and craft of creating, managing, planting, using, conserving and repairing forests, woodlands, and associated resources for human and environmental benefits. Forestry is practiced in plantations and natural stands. The science of forestry has elements that belong to the biological, physical, social, political and managerial sciences. Forest management play essential role of creation and modification of habitats and affect ecosystem services provisioning. Modern forestry generally embraces a broad range of concerns, in what is known as multiple-use management, including: the provision of timber, fuel wood, wildlife habitat, natural water quality management, recreation, landscape and community protection, employment, aesthetically appealing landscapes, biodiversity management, watershed management, erosion control, and preserving forests as " sinks" for atmospheric carbon dioxide. Forest ecosystems have come to be seen as the most important componen ...
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Bloomington, Minnesota
Bloomington is a suburban city in Hennepin County, Minnesota, on the north bank of the Minnesota River, above its confluence with the Mississippi River, south of downtown Minneapolis. As of the 2020 census, the city's population was 89,987, making it Minnesota's fourth-largest city. Bloomington was established as a post–World War II housing boom suburb connected to Minneapolis's urban street grid, and is serviced by two major freeways: Interstate 35W and Interstate 494. Large-scale commercial development is concentrated along the I-494 corridor. Besides an extensive city park system, with over of parkland per capita, Bloomington is also home to Hyland Lake Park Reserve in the west and Minnesota Valley National Wildlife Refuge in the southeast. Bloomington has more jobs per capita than either Minneapolis or Saint Paul, due in part to the United States' largest enclosed shopping center, the Mall of America. The headquarters of Ceridian, Donaldson Company, HealthPartners, ...
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Mall Of America
Mall of America (MOA) is a large shopping mall located in Bloomington, Minnesota, United States. Located within the Minneapolis–Saint Paul metropolitan area, the mall lies southeast of the junction of Interstate 494 and Minnesota State Highway 77, north of the Minnesota River, and across the Interstate from the Minneapolis–Saint Paul International Airport. It opened in 1992, and is the largest mall in the United States, the largest in the Western Hemisphere, and the Shopping mall#World's largest malls, eleventh largest shopping mall in the world. The mall is managed by the Triple Five Group (which in turn is owned by the Ghermezian family, along with the West Edmonton Mall and the American Dream Meadowlands, American Dream). Approximately 40 million people visit the mall annually, 80% of whom are from Minnesota, Wisconsin, Iowa, Nebraska, the Dakotas, Illinois and Ohio. In addition to the Mall, outside of the mall are additional hotels, restaurants, and stores. The Mall of A ...
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Edina, Minnesota
Edina ( ) is a city in Hennepin County, Minnesota, United States and a first-ring suburb of Minneapolis. The population was 53,494 at the 2020 census, making it the 18th most populous city in Minnesota. Edina began as a small farming and milling community along Minnehaha Creek in the 1860s and became one of Minneapolis's first incorporated suburbs in 1888. After years of being a streetcar suburb, Edina saw expanded development as a car-centric suburb in the 1950s and 1960s. Several major corporations, including Dairy Queen, Great Clips, Edina Realty, and Caribou Coffee, have headquarters in Edina, and the city today is known for its shopping, parks, and high quality of life. Edina also plays host to the nation's oldest indoor mall, the Southdale Center. History Settlement Edina began as part of Richfield Township, Minnesota. By the 1870s, 17 families, most of them immigrating as a result of the Great Famine of Ireland, had come to Minnesota and claimed land in the sout ...
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Southdale Center
Southdale Center is a shopping mall located in Edina, Minnesota, a suburb of the Twin Cities. It opened in 1956 and is both the first and the oldest fully enclosed, climate-controlled shopping mall in the United States. Southdale Center has of leasable retail space, and contains 106 retail tenants. The mall is owned by Simon Property Group and the anchor stores are Macy's, Dave & Buster's, AMC Theatres, Juut Salon Spa, Hennepin Service Center, and Life Time Athletic. Victor Gruen, the center's architect, designed the mall to challenge the "car-centric" America that was rising in the 1950s. Since its opening in 1956, Southdale has suffered through high vacancy rates and several store closures, but has been able to recover in recent years. Several additions have been performed on the building, including a 2011 renovation which involved the construction of a brand new food court. Southdale Center continues to use much of its original structure despite these renovations, and has be ...
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SuperValu (United States)
SuperValu, Inc. was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI). On July 26, 2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc., the largest distributor to Whole Foods Market and other natural foods stores. UNFI would pay $1.3 billion in cash and assume another $1.6 billion in SuperValu debt and liabilities. UNFI said it expects the deal to result in roughly $175 million in savings over three years and that it would divest itself of SuperValu's grocery stores. As of June 8, 2022, the SuperValu brand seems to be discontinued for everything besides some small-scale grocery stores. The distribution facility in Hopkins, Minnesota, has been rebranded to UNFI. History In 1870, Hugh G. Harrison provided the money for B.S. Bull an ...
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Best Buy
Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983. Best Buy operates internationally in Canada, and formerly operated in China until February 2011 (when the faction was merged with Five Star) and in Mexico until December 2020 (due to the effects of the COVID-19 pandemic). The company also operated in Europe until 2012. Its subsidiaries include Geek Squad, Magnolia Audio Video, and Pacific Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, T-Mobile, Boost Mobile and Ting Mobile in the United States. In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, their fi ...
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Dan Patch
Dan Patch (April 29, 1896 – July 11, 1916) was a noted American Standardbred pacer. At a time when harness racing was one of the largest sports in the nation, Dan Patch was a major celebrity. He was undefeated in open competition, and was so dominant on the racetrack that other owners eventually refused to enter their horses against him. Instead, he ended his racing career performing time trials, and traveled extensively on exhibition, earning millions of dollars in purses, attendance gate receipts, and product endorsements. Dan Patch broke world speed records at least 14 times in the early 1900s. In 1905, he set a world's record for the fastest mile by a harness horse (1:55 – 1 minute, seconds) that stood unmatched for over 30 years. Unofficially, Dan Patch broke this record in 1906 with a clocking of 1:55. He died on July 11, 1916. His owner, Marion Willis Savage, died just one day later. Dan Patch was inducted into the Harness Racing Museum & Hall of Fame in 1953 and th ...
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Minneapolis
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public par ...
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Brass Era
The Brass Era is an American term for the early period of automotive manufacturing, named for the prominent brass fittings used during this time for such things as lights and radiators. It is generally considered to encompass 1896 through 1915, a time when these vehicles were often referred to as horseless carriages. Elsewhere in the world, this period would be considered by antique car enthusiasts to consist of the veteran (pre-1904), and Edwardian eras, although these terms are really not meaningful outside the former British Empire. Overview Within the 20 years that make up this era, the various experimental designs and alternative power systems would be marginalised. Although the modern touring car had been invented earlier, until Panhard et Levassor's '' Système Panhard'' was widely licensed and adopted, recognisable and standardised automobiles had not been created. This system specified front-engined, rear-wheel drive, internal-combustion engined cars with a sliding ...
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Duluth, Minnesota
, settlement_type = City , nicknames = Twin Ports (with Superior), Zenith City , motto = , image_skyline = , image_caption = Clockwise from top: urban Duluth skyline; Minnesota Point beach; Duluth Ship Canal and Aerial Lift Bridge with Canal Park in background; and North Pier Lighthouse with freighter arriving , image_flag = Flag_of_Duluth,_Minnesota.svg , flag_alt = Flag of Duluth (gold star on a light blue banner with white, green, and dark blue waves below) , image_map = St. Louis County Minnesota Incorporated and Unincorporated areas Duluth Highlighted.svg , mapsize = 250x200px , map_caption = Location of the city of Duluthwithin St. Louis County, Minnesota , image_map1 = , mapsize1 = , map_caption1 = , pushpin_map = Minnesota#USA , pushpin_label = Duluth , pushp ...
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