Located in Hennepin County, Bloomington is the fifth largest city in the state of Minnesota. Bloomington has a lot of history dating back to before the 1900’s and it is also known to be a forward thinking city having at least six schools by the early 1900’s. The Bloomington today is just as interesting and resilient as that of yesteryear as the population as of 2010 was approximately 83,000 yet there are over 100,000 jobs created by the city’s local economy.

Demographics

According to the 2000 census the population of Bloomington was 85,172, comprising 36,400 households, and 22,768 families. Although less diverse than most other cities in the United States, Bloomington accounted for a racial makeup of 88.12% White, 3.42% African American, and 5.09% Asian. The rest of the population was made up of Pacific Islanders, Native Americans, Hispanics and other races, with the Hispanic race accounting for 2.69% of the total population of Bloomington. These figures have changed since the 2000 census.

Business Data

The economy in Bloomington is very good. There are an abundance of jobs from varying sectors in the local economy, and according to the 2000 census, the per capita income of Bloomington residents was $ 29,782 with only 4% of the population living below the poverty line. It is admitted that these figures may have reduced since the recession since Bloomington is not a producer of crude oil or ethanol, but they are still expected to relatively high because of the previously good standard of living enjoyed by the city.

The major contributors to the local economy come from many sectors including health, wholesale and retail trade and manufacturing

1. The manufacturing industry in 2002 had 156 establishments which provided a total of 7,666 jobs, the bulk of these jobs came from computer, electronics, metal product and printing related manufacturing.

2. Wholesale trade with its 363 establishments provided 7,013 jobs in 2002.

3. Retail trade dealing in everything from automobiles to retail trade provided 12,965 jobs from its 585 establishments in 2002.

4. The health care sector is also a big economic player in Bloomington; in 2002 it was responsible for the creation of 5,015 jobs from its 225 establishments spread in and around the city.

Bloomington Minnesota is not known for its rich soil, crude oil or even breath taking scenery yet it still manages to provide a comfortable standard of living for its citizens. This city is a true example that in order to survive in this economy it takes more than natural resources; but rather the true support of your local economy.