Rochester, Minnesota is regarded as a prominent center for medicine, biosciences and technology. The economy relies on the Mayo Clinic, IBM, the hospitality sector and agriculture. The Mayo Clinic is Rochester's largest employer. Service businesses, including the Mayo Clinic provide the majority of the jobs in Rochester. The hotel and restaurant industries provide a substantial number of jobs.
The city includes one of the largest IBM facilities, under one roof, in the world. IBM is a major employer in the city. The region also offers employment at the facilities of over 150 manufacturing companies. Pemstar and Crenlo Inc are two of the major manufacturing firms. The region also includes more than 1400 working farms. The production of milk and cheese are significant economic factors. In addition, vegetable packing provides seasonal jobs for hundreds of workers.
Notable information about Rochester, Minnesota: Rochester is often included in Money Magazine's "Best Places to Live" list. The average salary in Rochester in 2009 was $43,000. In 2008 the cost of living index in Rochester was at 79.9 which is lower than the national average of 100. About 38% of the adult residents have a bachelor's degree or higher.
Rochester's top employers:
- Mayo Clinic - Medical/hospital
- IBM - Electronics-computer
- Rochester Public Schools - Education
- Olmsted County - Government
- Olmsted Medical Center - Medical-hospital services
- Walmart & Sams Club - Retail
- City of Rochester - Government
- HyVee - Retail Grocery
- Sunstone Hotel Properties - Hotel/restaurant services
- Charter Communications - Cable Television/ high speed Internet
- RCTC - Post secondary education
- Crenlo - Fabricated metal
- Target - Retail
- Federal Medical Center - Corrections/medical
- Benchmark Electronics - Contract Mfg/design/engineering
- Seneca Food - Food processing
- Marigold Foods - Food processing
- Hiawatha Homes - Res. Services/dev. disabilities
- Samaritan Bethany Inc - Healthcare for the aging
- Pace Dairy - Food processing
Some of the most common occupations in Rochester filled by college graduates are registered nurses, computer software applications engineers, teachers, computer programmers, wholesale and manufacturing sales representatives, computer systems analysts, computer and information systems managers, pharmacists, and social and human service assistants.
The primary job providing segments in Rochester are:
- Healthcare
- Computer and electronic products
- Educational services
- Accommodation and food services
- Professional, scientific and technical services
- Social assistance
- Manufacturing
Local companies have opportunities to collaborate with the following helpful organizations:
- Rochester Area Chamber of Commerce
- Rochester Area Economic Development Inc
- Economic Development Association of Minnesota
People interested in learning about the region's business and industry activities can read the local newspaper the Post-Bulletin