Manufacturing in Minnesota
“Manufacturers form the bedrock of many Minnesota communities. They offer high-wage, high-skill jobs that create economic opportunity and stability for the present and future.
- Bob Kill, Enterprise Minnesota President and CEO
- Minnesota has close to 8,000 manufacturers making a wide range of products. Manufacturing is growing in Minnesota – with employment in this sector rising almost 9 percent since 2010.
- Manufacturing represents the single largest private sector component of Minnesota’s GDP totaling $48.6 Billion or 16% of Minnesota’s total GDP.
- 317,200 Minnesotans work in manufacturing, accounting for 11 percent jobs in the state.
- Minnesota manufacturing accounts directly or indirectly for nearly 914,000 jobs, or 33% of total jobs in Minnesota, 2,905,300 in Sept. 2016.
- Each manufacturing job supports 1.9 jobs in other sectors of the economy equaling 33 percent of all Minnesota jobs are in, or supported, by manufacturing.
- Wages in manufacturing make up 16 percent of all wages paid in Minnesota.
- Manufacturing paid the second largest payroll in 2015. The average annual wage for manufacturing jobs was $63,236, 15% percent higher than the average wage for all industries.
56% of Minnesota’s Fortune 500 companies are in manufacturing.
Headquartered in Minnesota are 17 Fortune 500 companies as well as Cargill, the nation’s largest privately held company. Fortune 500s with major manufacturing operations include CHS, 3M, General Mills, Ecolab, Land O’Lakes, Hormel Foods, Mosaic and St. Jude Medical.
Minnesota is also a great place for small manufacturers, with venture capital, incentives and other financing available. The state ranked in the top 20 nationwide with nearly $1 billion in venture capital investments from 2013–2015.
- There are over 6,500 open manufacturing jobs in Minnesota today.
Minnesota exported $120 billion in manufactured goods in 2015. These companies sent 1,057 different types of products to more than 200 countries worldwide.
For more information about products made in Minnesota, visit the Minnesota Department of Employment and Economic Development (DEED)'s Made in Minnesota database.
Source: The Minnesota Department of Employment and Economic Development, 2015 stats.