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, DAHLEN & DWYER, INC. MINNEAPOLIS-ST. PAUL METROPOLITAN AREA PROFILE The Minneapolis-St. Paul Metropolitan Statistical Area (MSA), is the fifteenth largest Metropolitan Area in the United States. The 1990 census count for the Seven County Metropolitan population was 2,288,729 and, by the year 2000, the Seven County area is projected to have 2,571 ,000 people. The April, 1997 estimated population for the MSA was 2,448,967. The pòpulation grew at a 15.5% rate between 1980 and 1990, making the Twin Cities the 12th fastest growing area in the United States. Approximately 580/0 of the State of Minnesota's population live in the Federal MSA. Of people 25 years or older in the Minneapolis-St. Paul area, 89.50/0 are high school graduates and 28% have completed 4 or more years of college, compared to the national average of 77% high school graduates and 21 % with 4 or more years of college. The high school graduation rate in Minnesota is the highest in the nation. According to FORTUNE Magazine, 1 2 of the largest US corporations headquarter in the Twin Cities Area. Harmel Foods ranked #453 is located in Austin, Minnesota. These are led by the Dayton Hudson Corporation with a national ranking of 30, and United Healthcare, with a national ranking of 84. With 12 FORTUNE COMPANIES, the Metropolitan Area ranks just behind New York, Chicago, and Houston for the most headquarters. Major business strengths include: a highly educated workforce; access to high technology; excellent transportation services; low-cost energy; and available capital. 'The Twin Cities Area has a strong and diversified business base, including companies involved in manufacturing super computers, electronics, medical instruments, milling, machine manufacturing; food processing and graphic arts. These businesses, and others, have helped to make the Twin Cities one of the largest commercial centers between Chiçago and the West Coast. According to the Minnesota Department of Economic Security, the State unemployment rate measured 2.7% as of January, 1998, and the Minneapolis-St. Paul jobless rate was 2.4%. The National unemployment rate as of January, 1998 was 4.70/0. Local unemployment rates have remained below the State and National averages over the last 10 years. The Twin Cities unemployment rate is one of the lowest among the largest 25 U.S. Metro Areas. The Twin Cities has a total of 1.64 million jobs, or about 65 % of the State r s employment. According to the Metropolitan Council, employment rose by 13.50/0 in the region from 1990-1996, well above the nation's parallel growth of 9.2%.