Downtown Minneapolis Population Grew 3.5% in 2020
Are people moving out of downtown Minneapolis in droves? Apparently not. Or at least, not yet.
On Wednesday, the Minneapolis Downtown Council reported that the downtown population hit 53,093 in 2020. That’s up about 3.5% from 2019, when the population was 51,288. The council’s long-term goal has been to hit 70,000 by 2025. In 2011, the council set a goal to double the downtown population, then at 35,000.
The apartment-building frenzy didn’t stop, either. Downtown saw 2,432 new apartment units added in 2020, according to the council.
The council reported the stats at its yearly meeting on Wednesday, hosted again at The Armory. (TCB Editor-in-Chief Allison Kaplan emceed the event.)
Builders continued to pull construction permits last year, too. Minneapolis reported nearly $1.8 billion in new construction permits pulled last year, as TCB reported late last month. The city’s third and seventh wards, both located in downtown, accounted for $804 million of that total.
The top 15 employers in downtown Minneapolis, meanwhile, remained mostly unchanged last year. Target, which employs about 8,500 downtown, was the biggest employer downtown, as it has been for years.
The Star Tribune lost its place on the top 15, though; last year, the paper ranked as the 15th largest employer downtown. That slot now belongs to Deloitte, which employs about 971.
“We all know that not all of these employees are in the office today,” said Siyad Abdullahi, CEO of The Language Banc, who shared the stats on Wednesday. “But we sure hope to welcome them back to downtown very soon.”
Strategic Education Inc., which employs about 1,171 and owns Capella University, came in 10th place. Be the Match, a first-timer on the top 15 list, ranked as 14th with 973 employees.
In 2020, the top 15 employers in downtown were:
- Target (8,500 workers)
- Hennepin Healthcare (7,111)
- Wells Fargo (7,000)
- Hennepin County (5,995)
- U.S. Bank (4,968)
- Ameriprise (4,842)
- Xcel Energy (2,252)
- City of Minneapolis (1,744)
- RBC Wealth Management (1,575)
- Strategic Education Inc. (1,171)
- Thrivent (1,161)
- Federal Reserve Bank (1,158)
- SPS Commerce (1,052)
- Be the Match (973)
- Deloitte (971)