Editing Richfield, Minnesota (section)

===Business===
[[Image:Best Buy corporate headquarters, Richfield, Minnesota (April 10, 2007).jpg|thumb|Richfield is home to the corporate campus of [[Best Buy]]]]

[[Best Buy|Best Buy Company, Inc.]] moved its corporate headquarters to Richfield in 2003, becoming its largest employer.<ref>[http://www.corporateofficeheadquarters.com/2011/02/best-buy-corporate-office-headquarters.html Best Buy Corporate Office Headquarters]</ref> Public subsidies of almost $60 million were spent to attract the corporate campus including spending $48 million to purchase and demolish over 100 homes and 3 car dealerships within the city just north of I-494. [[Tax increment financing]] was used to fund other infrastructure.<ref>{{cite news |last1=Albertson-Grove |first1=Josie |title=Best Buy seeks lower property tax as Richfield offices sit half vacant |url=https://www.startribune.com/best-buy-wants-less-property-tax-richfield-headquarters-office-vacant/600325566/ |access-date=11 December 2023 |work=Star Tribune |date=December 10, 2023}}</ref> The use of [[eminent domain]] for a private business was controversial and resulted in lawsuits.<ref>{{cite news |last1=Pristin |first1=Terry |title=Eminent Domain Revisited: A Minnesota Case |url=https://www.nytimes.com/2005/10/05/realestate/eminent-domain-revisited-a-minnesota-case.html |access-date=11 December 2023 |work=The New York Times |date=5 October 2005}}</ref>

From the first quarter of 2001 to the first quarter of 2003, net job growth equaled 2,444 – the second highest in the metropolitan area. Additionally, total employment in Richfield jumped from 10,090 to nearly 15,000 between 1995 and 2005.<ref>[https://web.archive.org/web/20060613035533/http://www.villageprofile.com/minnesota/richfield/12/topic.html Richfield Community Profile]</ref>

In 2007, Cedar Point Commons opened in Richfield at [[Cedar Avenue]] and 66th Street, adjacent to Minneapolis–Saint Paul International Airport. [[Target Corporation|Target]] and [[The Home Depot]] serve as its anchor tenants.<ref>[http://ebrochure.welshco.com/index.asp?P=1687 Cedar Point Commons]  {{webarchive|url=https://web.archive.org/web/20090624063622/http://ebrochure.welshco.com/index.asp?P=1687 |date=June 24, 2009}}</ref>