Which Cos. Employ The Most People In Downtown Mpls?

Target, Wells Fargo, and HCMC took the top three spots on the Minneapolis Downtown Council’s list of the 15 largest employers in the city’s core.
Which Cos. Employ The Most People In Downtown Mpls?

At its recently held annual meeting, the Minneapolis Downtown Council unveiled its list of “Downtown’s Top 15 Employers” to illustrate which businesses draw the most employees.
The council, which represents businesses in downtown Minneapolis, touted an uptick in construction and other activity in the city's core, adding that 37,526 people now live downtown. During the council's February 5 presentation, it showed slides of downtown's largest employers. The figures were current at the time of the meeting.
Target Corporation is currently the largest downtown employer with 12,582 employees, according to the council. That’s despite the fact that the retail giant announced last month that it is cutting 475 positions and leaving an additional 700 available positions unfilled. The company declined to specify which jobs were cut but acknowledged that its corporate headquarters staff was affected.
Wells Fargo & Company is the second-largest employer with 7,000 employees downtown, the council said. The bank recently initiated several waves of job cuts—most recently in October, with the elimination of 102 Minnesota mortgage operations workers. Wells Fargo is part of a $400 million Downtown East redevelopment project—the bank will own two connected office towers with enough room for 5,000 employees.
Downtown Minneapolis’ third-largest employer, according to the council, is Hennepin County Medical Center, which has 5,800 downtown employees. The center—which includes a network of primary care clinics and hospitals—has more than doubled its number of clinics in Minneapolis and the surrounding suburbs in recent years.
Other organizations on the council’s list of the largest employers in downtown Minneapolis are:

  • Hennepin County, 5,265 employees
  • Ameriprise Financial, 5,096 employees
  • U.S. Bancorp, 3,437 employees
  • City of Minneapolis, 1,850 employees
  • Xcel Energy, 1,595 employees
  • RBC Wealth Management, 1,248 employees
  • Capella University, 1,140 employees
  • Star Tribune, 1,140 employees
  • TCF Bank, 1,085 employees
  • Federal Reserve Bank of Minneapolis, 1,036 employees
  • Thrivent Financial for Lutherans, 1,017 employees
  • AT&T, 745 employees

Last year, Twin Cities Business ranked the largest employers in the state. Click here to view the list.