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==Economy== Michelbook Country Club, a private 18-hole par 72 championship golf course, was developed on the farmland of Captain Francis Michelbook. Land development in the area of the country club has been a factor in McMinnville's growth in the late 20th century.<ref name="michelbook">{{Cite web|title=Michelbook Country Club Info|url=https://www.michelbook.com/Default.aspx?p=DynamicModule&pageid=6&ssid=100024&vnf=1|access-date=2021-04-23|website=michelbook.com|language=en}}</ref> In the early 1960s, Kelton Peery, Chuck Colvin and Willard Cushing believed it was time for the city to have a private golf course and began to search for property. They soon persuaded Captain Francis Michelbook, former Commander of the Oregon National Guard's Third Infantry Company A, that a country club would be the proper use for his land.<ref>{{Cite news|title=Veterans Day 2016 exhibit at the Yamhill Valley Heritage Center in McMinnville|work=News Register|url=https://newsregister.com/|access-date=November 15, 2016}}</ref> Captain Michelbook established certain conditions: the country club would bear his family name "Michelbook". The country club has a driving range, practice facility, golf shop and a Class A PGA Professional.<ref>{{Cite web|title=Michelbook Country Club - Golf Course|url=https://www.michelbook.com/Default.aspx?p=DynamicModule&pageid=12&ssid=100030&vnf=1|access-date=2021-04-23|website=michelbook.com|language=en}}</ref> [[File:Evergreen International Aviation entrance - McMinnville, Oregon.JPG|thumb|Evergreen Aviation and Space Museum]] In 2019 the Oregon International Air Show was moved to the McMinnville Municipal Airport. The annual airshow promotes aviation and honors the US military and veterans. It attracts numerous attendees and related economic activity. In addition, the Air Show sponsors involve their community; grants are provided to the host city. Since 1988 the Air Show has generated more than $3 million in donations to McMinnville (Yamhill County), Hillsboro (Washington County), Oregon and southwest Washington.<ref>{{Cite web|title=Oregon International Air Show|url=https://oregonairshow.com/|access-date=2020-02-14|language=EN}}</ref> The U.S. Air Force Thunderbirds were to be showcased in the 2021 Oregon International Air Show at the McMinnville Airport in July and August.<ref>{{Cite web|title=McMinnville Event 2021|url=https://oregonairshow.com/mcminnville-event-2021/|access-date=2021-04-23|website=Oregon International Air Show|language=en-US}}</ref> McMinnville has a wide-array of banking, credit unions, and options for investments and insurance. First Federal Savings and Loan Association headquarters in McMinnville was founded in 1922.<ref>{{Cite web|last=Newsweek|date=2020-10-09|title=Best Small Banks by State|url=https://www.newsweek.com/americas-best-banks-2021/best-small-banks-state|access-date=2021-04-23|website=Newsweek|language=en}}</ref> Founded in 1894, Oregon Mutual Insurance is located in downtown McMinnville.<ref>{{cite news|date=May 17, 2005|title=ImageRight Signs Oregon Mutual Insurance Company; One of Oldest Mutuals Gets State-of-Art Imaging.|url=http://goliath.ecnext.com/coms2/gi_0199-4235065/ImageRight-Signs-Oregon-Mutual-Insurance.html|access-date=11 May 2010}}</ref><ref>{{cite news|date=September 26, 2005|title=Oregon Mutual Assisting Mississippi Farm Bureau|work=Insurance Journal|url=http://www.insurancejournal.com/news/southeast/2005/09/26/60159.htm|access-date=11 May 2010}}</ref><ref>{{cite news|date=January 18, 2008|title=Retired Oregon Mutual President Osborne Dies|work=Insurance Journal|url=http://www.insurancejournal.com/news/west/2008/01/18/86569.htm|access-date=11 May 2010}}</ref> Since the late 20th century, winemaking has been developed throughout the [[Willamette Valley]].<ref>{{Cite web|title=News-Register_203316|url=https://etypeproductionstorage1.blob.core.windows.net/$web/Production_Prod/Jobs/499/2021-04-30/203316/FlippingBook/News-Register_203316/6/index.html|access-date=2021-05-01|website=FlippingBook}}</ref> The majority of the vineyards of the Willamette Valley [[American Viticultural Area]] (AVA) are in the area surrounding McMinnville. It identifies as the capital of [[Oregon wine|Oregon's wine industry]].{{Citation needed|date=January 2010}} In January 2005, a [[McMinnville AVA]] was established after an application from Youngberg Hill Vineyards. The AVA includes 14 wineries and {{convert|523|acre|km2}} within the [[Willamette Valley AVA]]. The city is at the northeastern border of its AVA namesake.<ref>{{Cite web|title=Federal Register, Volume 70 Issue 11 (Tuesday, January 18, 2005)|url=https://www.govinfo.gov/content/pkg/FR-2005-01-18/html/05-912.htm|access-date=2020-05-01|website=govinfo.gov}}</ref> Linfield University expanded to offer a B.A. or B.S. in wine studies.<ref>{{Cite web|title=Wine Studies|url=https://www.linfield.edu/wine/wine-studies.html|access-date=2021-04-23|website=www.linfield.edu}}</ref> McMinnville also has local breweries making craft beers, often associated with pubs.<ref>{{Cite news|title=Ranch - Golden Valley Restaurant & Brewery|language=en-US|work=Golden Valley Restaurant & Brewery|url=http://www.goldenvalleybrewery.com/ranch/|access-date=2017-04-26}}</ref><ref>{{Cite web|title=Top Beers:Pilsner|url=https://www.ratebeer.com/top/pilsener|access-date=2019-02-21|website=RateBeer}}</ref> McMinnville is home to 6 craft breweries, including 2 gluten-free breweries. Traditional industry includes Cascade Steel, which specializes in producing high-quality finished steel products from recycled steel. Cascade Steel Rolling Mills uses electric arc furnace (EAF) mini-mill production for a wide range of hot rolled products including rebar, coiled reinforcing bar, wire rod, and merchant bar.<ref>{{cite web|title=Cascade Steel - Company Profile|url=http://www.cascadesteel.com/company_profile.aspx|access-date=4 January 2019|publisher=Cascade Steel}}</ref> Cascade Steel operates as a subsidiary of Schnitzer Steel, a publicly -traded [[Fortune 1000]] company.<ref>{{Cite web|title=Schnitzer Steel Β» Investors|url=https://www.schnitzersteel.com/investors.aspx|access-date=2021-04-23|website=www.schnitzersteel.com}}</ref> In 2016, [[Organic Valley]] purchased Farmers Cooperative Creamery in McMinnville. It serves 72 co-op members in Oregon and Washington.<ref name="CapitalPress.com">{{cite news|date=September 7, 2016|title=Organic Valley will buy the Farmers Creamery Cooperative facility in Oregon|newspaper=Capital Press|url=http://www.capitalpress.com/Dairy/20160907/organic-valley-will-buy-the-farmers-creamery-cooperative-facility-in-oregon|access-date=April 10, 2017}}</ref> The company claims to be the nation's largest farmer-owned organic cooperative and one of the world's largest organic consumer brands.<ref>{{cite web|title=Our Humble History - Organic Valley|url=https://www.organicvalley.coop/why-organic-valley/our-humble-history/|access-date=4 January 2017|website=organicvalley.coop|publisher=Organic Valley}}</ref> In 2021 a massive 3-alarm fire decimated the McMinnville Creamery, forcing residents to evacuate a 1/2-mile radius.<ref>{{Cite web|title=3-alarm fire at Organic Valley Creamery prompts evacuations|url=https://www.kptv.com/news/3-alarm-fire-at-organic-valley-creamery-prompts-evacuations/article_70ca0460-a226-11eb-ba6f-63ad9051943f.html|access-date=2021-04-21|website=KPTV.com|language=en}}</ref>
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