Top employers in the city include:
- Cirrus Aircraft
- Kestrel Aircraft
- AAR Corp
- 148th Air National Guard
- Barr Engineering
- Enbridge and Lake Superior Consulting
The city is known to be a major hub for healthcare, higher education, business and retail services in the area. The city is also a major transportation center where coal, taconite, agricultural products, cement and limestone regularly pass through its ports.