Minneapolis: A Great Place to Get Rich

Categories: Economy

Keep hearing the words recession looming ? Tired of seeings homes for sale sit empty for months on your block? Try not to worry, thanks to local business, we here in Minneapolis don't have it that bad.

Forbes magazine recently named Minneapolis the second best place to earn a living.

If you're looking for a reason why the Twin Cities hasn't joined the cities of nearby Michigan and Ohio as economic casualties, look at some of its top companies: Target, Travelers Insurance, Pepsi Americas, St. Jude Medical, U.S. Bancorp and Cargill. This is no bygone manufacturing center.

Houston came in first with Boston, and D.C. trailing in third and fourth.

[T]here are plenty of local economies with strong job growth, wages above cost of living and fruitful local businesses. Based on figures from Moody's Economy.com, the Council for Community and Economic Research, the Bureau of Labor Statistics and Forbes' own business ratings, we looked at where economic conditions have held up and where business opportunities exist.

For more information about how Forbes compiled its data, click here.

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