Mayo Clinic forms the core of Rochester's economy. As of 2016, it employs 51,000 people and draws more than 2 million visitors annually. 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. Other care providers, including the
Rochester Federal Medical Center, are significant employers. campus The
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. It was also the home of the first
Blue Gene prototype and contributed the servers for
Roadrunner. 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.
Destination Medical Center , 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. 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. 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. ==Arts and culture==