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    Minnesota companies score high marks in LGBT-friendly consumer ratings

    By Brad Allen | Published Tue, Nov 24 2009 9:09 am

    Minnesota’s consumer-brand companies generally score high marks for employment policies and practices supportive of lesbian, gay, bisexual and transgender (LGBT) employees in the fifth annual shopping guide issued by the Washington, D.C.-based Human Rights Campaign (HRC).

    Buying for Equality 2010 http://www.hrc.org/buyersguide2010 is described as “a guide to hundreds of popular American brands rated on businesses’ treatment of LGBT employees.” Among the companies singled out in the survey announcement, HRC urged consumers to favor Minnesota-based Best Buy and General Mills, each with a perfect score of 100 over rivals Radio Shack (40) and Kellogg’s (65).

    The shopping guide is intended to flex the economic muscle of the LGBT community in support of highly rated companies.

    Citing research by Witeck-Combs Communications and Marketresearch.com, the HRC estimates $712 billion in buying power this year within the LGBT community. They also reported a separate study by Witeck-Combs/Harris Interactive that found “78 percent of LGBT people ‘extremely’ or ‘very likely’ to consider brands that are known to provide equal workplace benefits for their employees, including LGBT workers.”

    In a prepared statement, HRC President Joe Solmonese said, “By purchasing products from businesses that support LGBT equality, shoppers send a clear message to businesses that their support, or lack thereof, will directly impact their bottom line.”

    Wells Fargo and Delta Airlines, non-Minnesota companies with significant Minnesota employment, also were highly rated.

    Here are HRC Buying Guide rankings for Minnesota companies:

    Ameriprise Financial, Minneapolis, 100
    Best Buy, Richfield, 100
    Cargill, Wayzata, 100
    Carlson Cos., Minnetonka, 100
    General Mills, Minneapolis, 100
    Imation, Oakdale, 88
    Land O'Lakes, Arden Hills, 53
    PepsiAmericas, Minneapolis, 95
    RBC Wealth Management, Minneapolis, 100
    Regis Corp., Edina, 68
    Supervalu, Eden Prairie, 100
    Target, Minneapolis, 100
    The Travelers Cos., St. Paul, 50
    U.S. Bancorp, Minneapolis, 100
    UnitedHealth Group, Minnetonka, 100
    Wells Fargo, San Francisco, 100
    Delta Air Lines, Atlanta, 100

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    Illustration by Hugh Bennewitz

    minnpost.com/bradallen

    After working as a journalist in both the general and business press in New England, Brad Allen has spent much of his professional life on the corporate side, particularly in investor relations for technology companies, including DEC, Cray and Imation. Allen recently launched RiskRewardNews.com, a newsletter focused on public company interactions with the financial community. He also consults with public companies on their dealings with “Wall Street” and is a contributor to financial publications, writing about the capital markets. He can be reached at ballen [at] minnpost [dot] com.

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