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==Economy== [[Mayo Clinic]] forms the core of Rochester's economy. As of 2016, it employs 51,000<ref name=mayoemploy>{{Cite web | title=Minnesota Top Companies and Employers / Minnesota Department of Employment and Economic Development | url=https://mn.gov/deed/data/economic-analysis/top-companies/ | archive-url=https://web.archive.org/web/20221001210020/https://mn.gov/deed/data/economic-analysis/top-companies/ | access-date=2025-02-25 | archive-date=2022-10-01}}</ref> people and draws more than 2 million visitors annually.<ref>[http://www.mayoclinic.org/about-mayo-clinic/facts-statistics/minnesota Mayo Clinic Facts.] {{Webarchive|url=https://web.archive.org/web/20170623002146/http://www.mayoclinic.org/about-mayo-clinic/facts-statistics/minnesota |date=June 23, 2017 }} Retrieved June 28, 2017.</ref> The clinic's many facilities, along with hotels, restaurants and retail stores, comprise nearly all of the city's downtown. Excluding the state government, Mayo Clinic is the largest employer in Minnesota.<ref name=MinnesotasLargestEmployers>{{cite web |url=http://www.uwlax.edu/careerservices/downloads/MinnesotasLargestEmployers.pdf |title=Minnesota's Largest Employers |publisher=University of Wisconsin β La Crosse |access-date=May 12, 2012 |archive-date=May 18, 2012 |archive-url=https://web.archive.org/web/20120518151024/http://www.uwlax.edu/careerservices/downloads/MinnesotasLargestEmployers.pdf |url-status=dead }}</ref> Other care providers, including the [[Federal Medical Center, Rochester|Rochester Federal Medical Center]], are significant employers. [[File:IBM Rochester photo.jpg|thumb|[[IBM Rochester]] campus]] The [[IBM Rochester|Rochester Technology Campus]] is a sprawling 2.56 million sq. ft. leasable facility with uses ranging from office space, manufacturing, warehousing, data centers, and laboratories. It has been home to several technology companies. This is where IBM designed and produced its [[midrange computer]] series.<ref name=IBMRochester>{{cite web |url=http://www-03.ibm.com/ibm/history/exhibits/rochester/rochester_profile.html |archive-url=https://web.archive.org/web/20070318090506/http://www-03.ibm.com/ibm/history/exhibits/rochester/rochester_profile.html |url-status=dead |archive-date=March 18, 2007 |title=IBM Archives: Rochester profile |date=January 23, 2003 |website=IBM |access-date=January 14, 2010}}</ref> It was also the home of the first [[IBM Blue Gene|Blue Gene]] prototype and contributed the servers for [[Roadrunner (supercomputer)|Roadrunner]].<ref>[http://www.top500.org/system/9485 Roadrunner] {{Webarchive|url=https://web.archive.org/web/20080721155802/http://www.top500.org/system/9485 |date=July 21, 2008 }}. Top500 Supercomputing Sites.</ref> The economy of Rochester is also influenced by the agricultural nature of the region. There are multiple dairy producers that are active in the area. In addition, Kerry Flavours and Ingredients, a subsidiary of the global Irish company called [[Kerry Group]], maintains a production plant in Rochester that specializes in fermented ingredients, found in breads, meats and other processed foods. {|class="wikitable" |- ! No. ! Employer ! No. of Employees |- | 1 |[[Mayo Clinic]] |51,000<ref name=mayoemploy/> |- |2 |Rochester Public Schools |2,872 |- |3 |[[IBM Rochester|IBM]] |2,791<ref>{{cite web |url=http://www.raedi.com/doing-business-here/major-employers.php |title=Largest Employers in the Rochester Area |website=Rochester Area Economic Development Inc.}}</ref> |- |4 |[[Olmsted County, Minnesota|Olmsted County]] |1,371 |- |5 |Olmsted Medical Center |1,321 |- |6 |City of Rochester |1,166 |- |7 |McNeilus Truck & Manuf. |791 |- |8 |[[Benchmark Electronics]] |625 |- |9 |Spectrum |577 |- |10 |[[Rochester Community and Technical College]] |492 |- |11 |McNeilus Steel, Inc. |490 |- |12 |[[Federal Medical Center, Rochester]] |452 |- |13 |Crenlo |450 |- |14 |Cardinal of Minnesota |425 |- |15 |Reichel Foods |423 |- |16 |Geotek |417 |- |17 |Halcon |400 |} ===Destination Medical Center=== [[File:RochMN-Hilton.jpg|thumb|upright|Downtown [[Hilton Hotels & Resorts|Hilton]], completed in 2019, is one of the first major DMC projects.]] In 2013, Governor [[Mark Dayton]] signed a bill known as Destination Medical Center (DMC). It intends to increase Minnesota's tax base, and promote business and economic growth throughout the state.<ref>{{cite web| url=http://www.mayoclinic.org/about-mayo-clinic/destination-medical-center-dmc| title=Destination Medical Center (DMC)| website=Mayo Clinic}}</ref> Because of this legislation, The Mayo Clinic will invest in $3.5 billion to upgrade patient rooms, add additional workspace, and build research and administrative buildings.<ref>{{cite web| url=http://www.mprnews.org/story/2013/05/23/business/mayo-clinic| title=Mayo Clinic celebrates state funding approval, but questions remain on expansion details| first=Elizabeth| last=Baier| date=May 23, 2013| website=Minnesota Public Radio News}}</ref> The main developments of this plan will be in the DMC sub-districts. The ''Downtown Waterfront'' district will cover The Government Center, The Civic Center, and most areas near the [[Zumbro River]]. The ''Central Station'' district includes Central Park and most of Civic Center Drive, aimed to become a transportation hub of the city. ''St. Marys Place'' will cover St. Marys hospital and St. Marys Park, as well as most of 2nd Street. The ''Heart of the City'' will feature the Mayo Clinic campus and major residential, commercial, and retail companies. The ''Discovery Square'' area will include scientific and technology research facilities. Lastly, The ''UMR and Recreation'' district will feature Soldiers Field and the [[University of Minnesota Rochester]] campus.<ref>{{cite web| url=http://dmc.mn/maps/#umrRec|title=DMC Sub-District Map| website=Destination Medical Center}}</ref>
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