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Schwan's Company, formerly known as The Schwan Food Company, is a privately owned company with approximately 12,000 employees. Based in Marshall, Minnesota, the company sells frozen foods from home delivery trucks, in grocery store freezers, by mail, and to the food service industry. The company produces, markets, and distributes products developed under brands such as Schwan's, Red Baron, Freschetta, Tony's, Mrs. Smith's, Edwards, Pagoda and Larry's.
The economy of Minnesota produced US$312 billion of gross domestic product in 2014. Minnesota headquartered 31 publicly traded companies in the top 1,000 U.S. companies by revenue in 2011. This includes such large companies as Target and UnitedHealth Group. The per capita personal income in 2016 was $51,990, ranking sixteenth in the nation. The median household income in 2013 ranked eleventh in the nation at $60,900.
Ford Twin Cities assembly plant In 1912, the first assembly and sales activities were started in a former warehouse in Minneapolis by Ford Motor Company. By 1925, the Twin Cities Assembly Plant had relocated next to the Mississippi River in the Highland Park neighborhood of St. Paul, Minnesota, United States. It was in operation from 1925 to 2011. At the time of its closure, it was the oldest Ford plant still in operation. The plant's final products were the Ford Ranger pickup truck. Previously, the plant had manufactured the Ford Model T, Model TT truck, Sportsman convertible, Galaxie, and LTD. In 2006, Ford officials announced plans to close the factory, though it operated for three years past the 2008 closure date initially announced. The plant's final truck was completed on December 16, 2011. Most of the buildings have been demolished since then.