Total Population
120,736
Population
Growth Rate
0.24%
Median Age
36
Diversity Index
35.300
Blue Earth-Nicollet Cooperative Electric Association (BENCO) was founded on May 11, 1936. The first recorded meeting took place on June 12, 1937, at Mankato City Hall. The first pole on the BENCO system was set on June 27, 1938, in Traverse Township, Nicollet County. The line was energized on September 16, 1938. Faribault County Cooperative Electric Association was founded in 1936.
These two cooperatives consolidated into Blue Earth-Nicollet-Faribault Cooperative Electric Association (Frost-BENCO Electric) on January 1, 1980. Wells Electric Cooperative was founded in July 1935. Frost-BENCO and Wells Electric cooperative merged in January 1, 1988 and become Frost-BENCO-Wells Electric. In 1998, Frost-BENCO-Wells Electric became a Touchstone Energy® partner and began doing business as BENCO Electric.
Total Population
120,736
Population
Growth Rate
0.24%
Median Age
36
Diversity Index
35.300
Households
47,440
Owner Occupied
31,197
Renter Occupied
16,243
Vacant
3,888
Median Household
$73,976 $82,972
Average Household
$94,876 $108,345
Per Capita
$37,584 $43,150
Total Businesses
5,135
Total Employed
71,979
Workers 16+
63,413
2024 HealthCare / Social Assistance
Businesses
532
Employed
11,360
2024 Manufacturing Businesses
Businesses
204
Employed
9,479
2024 Retail Trade Businesses
Businesses
623
Employed
9,473
2024 Educational Services - Businesses
Businesses
152
Employed
8,923
2024 Accommodation / Food Service
Businesses
309
Employed
5,565
2024 Other Service excl Pub Admin
Businesses
738
Employed
4,661
Average Commute Time
0 min.
Resident Commuters
42,877
Non-Resident Commuters
20,202
Drive Alone
48,367
Carpooled
5,010
Public
700
Work At Home
6,094
Cooperative electricity isn’t profit-driven, it’s people-driven. As an electric cooperative member-owner, you have a voice and a vote in how your electric provider serves you and your business. When you’re a cooperative member, you’re not just a number on a bill, you’re a member of a community. And by working with Great River Energy, you will be part of a nationwide alliance made of more than 600 local, consumer-owned electric cooperatives in 46 states. Touchstone Energy co-ops deliver power and energy solutions to more than 40 million members every day.
Tom Lambrecht
Manager, Economic Development Services
Great River Energy
763-445-6105
Email Tom