20 Minnesota Companies Make Newest Fortune 500

ST. PAU (AP) — Twenty Minnesota companies made it into the newest edition of Fortune 500, illustrating the state's corporate strength.

UnitedHealth Group was the top Minnesota company on the list, landing at number 22. Other top homegrown companies included Target, which ranked 33, Best Buy at 47, Supervalu at 61 and 3M at 97.

The number of Fortune 500 companies in Minnesota is one fewer than last year.  Due to the purchase of Minneapolis-based PepsiAmericas by New York-based PepsiCo. The rest of the top corporations rank similarly to last year's results.

Only seven states surpassed Minnesota's 20 Fortune 500 companies. New Jersey and Virginia also have 20 on the list.

Other Minnesota companies that made the list include CHS Inc., U.S. Bancorp, Medtronic and General Mills.

Copyright 2011 The Associated Press.