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Minneapolis is the county seat of Hennepin County, and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2016, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States, with an estimated population of 413,651. The Twin Cities metropolitan area consists of Minneapolis, its neighbor Saint Paul, and suburbs which altogether contain about 3.5 million people, and is the second-largest economic center in the Midwest.
Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with 13 lakes, wetlands, the Mississippi River, creeks and waterfalls; many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and Seattle, with Minneapolis proper containing America's tenth-highest concentration of Fortune 500 companies. As an integral link to the global economy, Minneapolis is categorized as a global city.
Minneapolis has one of the largest LGBT populations in the U.S. in terms of its number of openly gay politicians, gay wedding ceremonies, pride events and gay-inclusive religious organizations, relative to the size of the total population of the city. Noted for its strong music and performing arts scenes, Minneapolis is home to both the award-winning Guthrie Theater and the historic First Avenue nightclub. Reflecting the region's status as an epicenter of folk, funk, and alternative rock music, the city served as the launching pad for several of the 20th century's most influential musicians, including Bob Dylan and Prince.
The name Minneapolis is attributed to Charles Hoag, the city's first schoolmaster, who combined mni, a Dakota Sioux word for water, and polis, the Greek word for city.
The population of Minneapolis has declined since its peak of 521,718 in 1950, with a small rebound between the periods of 1990 to 2000 and 2000 to 2010. The U.S. Census Bureau reported 382,578 in 2010, down from 382,618 in the 2000 Census. In contrast, the Minneapolis–Saint Paul metropolitan area including the suburbs doubled in population since 1950 and now has approximately 3.5 million residents.
In 1950, approximately 70.0% of the metropolitan area's population was concentrated in the two core cities of Minneapolis and its twin city, St. Paul, Minnesota. By 2010, the two cities held only 20.0% of the metropolitan area total population. Increased housing production such as the construction of condominiums has brought Downtown Minneapolis' population to a little over 30,000 inhabitants.