Minnesota Business by the Numbers: 2026 Company Breakdown
Minnesota has 1,186,201 business records in Factur’s directory — the 18th-most of any U.S. state, or 1.8% of the national total. Minneapolis leads its cities with 16.5% of the state’s records, Industrial & mechanical is the largest sector at 28.2%, and Minnesota ranks 17th for large employers (500+ employees).
Data as of July 2026. The figures come from Factur’s U.S. business directory, spanning 27 Minnesota cities and 10 industry sectors. They count records, not unique companies: one company can have more than one record (see the methodology). Every number links to the browsable list behind it. Journalists and researchers are welcome to cite these figures with a link back to this page.
Key findings
- Minnesota ranks 18th nationally with 1,186,201 business records — 1.8% of all 64,799,929 U.S. records in the directory.
- A national-average share of large employers. Minnesota is 17th for records of companies with 500+ employees (1,874), with 15.8 per 10,000 records against 14.0 nationally (20th of 52 states).
- Minnesota has more food & beverage and real estate than the U.S. mix:Food & Beverage is 2.6% of the state’s records against 1.4% nationally (1.8×); Real Estate is 5.2% of the state’s records against 4.4% nationally (1.2×).
- Minneapolis is the state’s largest business hub, with 16.5% of all Minnesota records.
- Business is concentrated in a few metros: Minneapolis, Saint Paul and Rochester together hold 26.6% of the state’s records.
How Minnesota ranks nationally
Minnesota and its closest neighbours by total business records. Select a state to open its own study.
Top Minnesota cities by number of business records
These 10 cities account for 36.8% of all records in Minnesota. Select any city to browse its full company list.
Minnesota businesses by industry
Every record is classified by its primary industry using NAICS/SIC codes; the shares are of all Minnesota records. Select a sector to see those Minnesota companies.
What sets Minnesota apart
Sectors that make up a bigger share of Minnesota’s records than of the U.S. as a whole. A ratio of 2.0× means the sector is twice as common here as nationally. Select a sector to browse it.
Minnesota businesses by size
Most records in every state are small businesses. In Minnesota, 2.01% of records with a known size have 51 or more employees, against 1.77% nationally. 463 records belong to companies with $1 billion or more in revenue.
| Employees | Records | Minnesota | U.S. |
|---|---|---|---|
| 1-50 | 1,149,520 | 97.99% | 98.23% |
| 51-200 | 18,432 | 1.57% | 1.37% |
| 201-1000 | 4,282 | 0.37% | 0.33% |
| 1001-5000 | 574 | 0.05% | 0.05% |
| 5001+ | 292 | 0.02% | 0.02% |
What the numbers show
Minnesota’s 1,186,201 records place it 18th nationally, 1.8% of the U.S. total, and 17th for large employers. Activity clusters in its largest metros — Minneapolis, Saint Paul and Rochester alone account for 26.6% of the state’s records — and the state leans toward food & beverage and real estate compared with the rest of the country. For buyers and sellers, that means the deepest pools of suppliers sit in a handful of cities and sectors; the charts above link straight into each so you can shortlist by capability and region.
Frequently asked questions
How many businesses are in Minnesota?
Factur’s directory has 1,186,201 business records for Minnesota, the 18th-most of any U.S. state. That counts records rather than unique companies: a company can have more than one record, so the number of distinct businesses is lower.
How many large companies are in Minnesota?
1,874 Minnesota records belong to companies with 500 or more employees, 17th among U.S. states, or 15.8 per 10,000 records against 14.0 nationally. Large companies often have several records (one per department or location), so this overstates the number of distinct large employers.
Which Minnesota city has the most businesses?
Minneapolis has the most, with 16.5% of the state’s records.
What is the largest industry in Minnesota?
Industrial & mechanical is the largest sector, at 28.2% of Minnesota records. Compared with the U.S. mix, Minnesota has proportionally more food & beverage and real estate.
Where does this data come from?
From Factur’s U.S. business directory as of July 2026, classified by city and by primary industry using NAICS/SIC codes. Every figure on this page links to the list behind it.
Cite this data
Free to use with attribution — please credit Factur and link back to this page.
Factur. (2026). Minnesota Business by the Numbers: 2026 Company Breakdown. data.facturmfg.com. https://data.facturmfg.com/insights/minnesota<a href="https://data.facturmfg.com/insights/minnesota">Minnesota Business by the Numbers: 2026 Company Breakdown</a> — data by FacturMethodology
Figures count records in Factur’s U.S. business directory as of July 2026, classified by city and primary industry using NAICS/SIC codes. Records cover manufacturers, suppliers and businesses of all sizes. They are not a count of unique companies: one company can have several records (for example one per department or location), and some records are duplicates. That affects large companies most, so treat raw totals as an upper bound and rely on the ranks, shares and comparisons, which it affects much less. These are directory totals, not official census figures. Percentages are computed against the Minnesota directory total; size shares use records with a known employee count. Data compiled by Factur, a sales and marketing firm for B2B manufacturers.
Looking for a specific industry in Minnesota? Browse the Minnesota directory → or contact us for a custom data pull.