Considering moving to Minneapolis, Minnesota? The Monson & Larson Real Estate Group is a progressive, cutting edge real estate company that has experience buying and selling in Minneapolis, and knows the Minneapolis real estate market well. Below you will find an overview of the Minneapolis community. Contact us today to get started!
Minneapolis, nicknamed "City of Lakes" and the "Mill City," is the county seat of Hennepin County, the largest city in the state of Minnesota, and the 48th largest in the United States. Its name is attributed to the city's first schoolteacher, who combined mni, the Dakota word for water, and polis, the Greek word for city.
Known as the "Twin Cities," Minneapolis-St. Paul is the 16th-largest metropolitan area in the U.S., with 3.5 million residents. The 2010 Census had the city's population as 382,578.
The city is abundantly rich in water with over twenty lakes and wetlands, the Mississippi river, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds Scenic Byway. It was once the world's flour milling capital and a hub for timber, and today is the primary business center between Chicago and Seattle. It has cultural organizations that draw creative people and audiences to the city for theater, visual art, writing, and music. The Minneapolis community's diverse population has a long tradition of charitable support through progressive public social programs, as well as private and corporate philanthropy
Taoyateduta was among the 121 Sioux leaders who from 1837 to 1851 ceded what is now Minneapolis. Dakota Sioux were the region's sole residents until French explorers arrived around 1680. Nearby Fort Snelling, built in 1819 by the United States Army, spurred growth in the area. The United States Government pressed the Mdewakanton band of the Dakota to sell their land, allowing people arriving from the east to settle there. The Minnesota Territorial Legislature authorized present day Minneapolis as a town on the Mississippi's west bank in 1856. Minneapolis incorporated as a city in 1867, the year rail service began between Minneapolis and Chicago. It later joined with the east bank city of St. Anthony in 1872.
Minneapolis grew up around Saint Anthony Falls, the highest waterfall on the Mississippi. Millers have used hydropower elsewhere since the 1st century B.C., but the results in Minneapolis between 1880 and 1930 were so remarkable the city has been described as "the greatest direct-drive waterpower center the world has ever seen.” In early years, forests in northern Minnesota were the source of a lumber industry that operated seventeen sawmills on power from the waterfall. By 1871, the west river bank had twenty-three businesses including flour mills, woolen mills, iron works, a railroad machine shop, and mills for cotton, paper, sashes, and planing wood. The farmers of the Great Plains grew grain that was shipped by rail to the city's thirty-four flour mills where Pillsbury and General Mills became processors. By 1905, Minneapolis delivered almost 10% of the country's flour and grist. At peak production, a single mill at Washburn-Crosby made enough flour for twelve million loaves of bread each day.
The economy of Minneapolis today is based in commerce, finance, rail and trucking services, health care, and industry. Smaller components are in publishing, milling, food processing, graphic arts, insurance, education, and high technology. Industry produces metal and automotive products, chemical and agricultural products, electronics, computers, precision medical instruments and devices, plastics, and machinery.
Six Fortune 500 corporations make their headquarters within the city limits of Minneapolis: Target Corporation, U.S. Bancorp, Xcel Energy, Ameriprise Financial, Thrivent Financial for Lutherans and PepsiAmericas. Apart from government, the city's largest employers are Target, Wells Fargo, Ameriprise, Star Tribune, U.S. Bancorp, Xcel Energy, IBM, Piper Jaffray, RBC Dain Rauscher, ING Group, and Qwest.
The Twin Cities contribute 63.8% of the gross state product of Minnesota. The Federal Reserve Bank of Minneapolis serves Minnesota, Montana, North and South Dakota, and parts of Wisconsin and Michigan. The smallest of the twelve regional banks in the Federal Reserve System, it operates a nationwide payments system, oversees member banks and bank holding companies, and serves as a banker for the U.S. Treasury. The Minneapolis Grain Exchange founded in 1881 is still located near the riverfront and is the only exchange for hard red spring wheat futures and options.
Minneapolis Public Schools enroll more than 34,000 students in public primary and secondary schools. The district administers about one hundred public schools including forty-five elementary schools, seven middle schools, seven high schools, eight special education schools, eight alternative schools, nineteen contract alternative schools, and five charter schools.
Parks and Recreation:
Minneapolis means the City of Lakes, but you'll also find a variety of inviting trails and paths, regional and neighborhood parks, recreation centers and more. There's so much to see and experience, from the Grand Rounds Parkways, to our enticing Chain of Lakes, plentiful parks, beautiful gardens and activity-filled Recreation Centers.