Fortune magazine named Mayo Clinic to its select list of the "100 Best Companies to Work For" in 2012. This is Mayo's ninth consecutive year on the magazine's annual compilation of companies that rate high with employees. The list ranks Mayo Clinic 71 overall among the top 100 companies, and 23 among 38 large employers (more than 10,000 employees). Click here to learn more.
IBM has set a new U.S. patent record in 2011, marking the 19th consecutive year that the company has led the annual list of patent recipients. IBM inventors earned a record 6,180 U.S. patents in 2011, with 500 of those originating in Rochester, Minnesota. Click here to learn more.
Mayo Clinic plans to establish the Mayo Clinic Proton Beam Therapy Program as part of Mayo's national three-site cancer center in Minnesota, Arizona and Florida. The new program will employ intensity modulated proton therapy - based on pencil beam scanning - which is a more precise form of proton therapy treatment that allows greater control over radiation doses, shorter treatment times and fewer side effects. It is also believed to be more cost effective in selected patients. Click here to learn more.
Over the last year, Rochester has been nationally recognized in several capacities as one of the best cities in the country to learn, work and invest. Take a look at our community's recent national recognition and see why Rochester is ranked among the better communities to live:
A place on the Best Hospitals Honor Roll is reserved for medical centers that demonstrate unusually high expertise across multiple specialties, scoring at or near the top in at least six of 16 specialties. Just 17 of the nearly 5,000 hospitals evaluated for the 2011-12 rankings qualified. Mayo Clinic came in at number 3. Click here to read more.
Rochester, Minnesota, was ranked No. 1 in July 2011 as the most resilient place to live in the United States, according to the Network on Building Resilient Regions. Click here to read more.
The Belgian biotechnology company, Cardio3 BioSciences, a leader in the discovery and development of regenerative and protective therapies for the treatment of cardiovascular diseases, recently announced that it has established a subsidiary, Cardio3 BioSciences, Inc. in Rochester, Minnesota. Click here to learn more.
According to a recent news release by the Bureau of Economic Analysis, Rochester, Minnesota's gross domestic product increased by 6.9 percent to $8.7 billion from 2009 to 2010. The city's growth was 14th out of 366 metro areas. "It's a very good thing," said Gary Smith, president of Rochester Area Economic Development, Inc. "It's a testament to, obviously, the strength of our economy here."
KPS Capital Partners, LP ("KPS") announced in September 2011 that, through a newly formed company, International Equipment Solutions, LLC and its affiliates ("IES"), it has entered into definitive agreements to acquire Paladin Brands Holding, Inc. ("Paladin") and Crenlo LLC ("Crenlo") from Dover Corporation (NYSE:DOV) ("Dover"). Click here to learn more.
A Stewartville, Minnesota, manufacturing plant is doubling its capacity and increasing production by year end. Geotek, 11 miles south of Rochester, makes fiberglass cross arms for utility poles. The business is adding 41,674 sq ft to an existing 54,000 sq feet, with most of the addition as manufacturing space. Geotek is also in the process of adding pultrusion equipment to effectively double manufacturing capacity. Geotek's workforce has doubled since 2009, going from 50 to 109 employees. Growth has been fueled by strong demand and reception of the PUPI brand products in the utility industry.
Long-Haul Ethernet, Layer 3 VPN offer enterprise customers greater connectivity, control and scalability. Click here to learn more.
Crenlo, a Dover company celebrates its 60th anniversary this year, marking a presence in Rochester, Minnesota, that dates back to 1951. Since its founding, Crenlo has progressed from a small company making operator cabs for Caterpillar, into a global, industry leader in the cab and electronic enclosures markets. Click here to read more.
Photo: From left John Wade, President of Rochester Area Chamber of Commerce, Lance Fleming, President of Crenlo, LLC, Dennis Hanson, President of Rochester City Council, and Gary Smith, President of Rochester Area Economic Development, Inc. (RAEDI). Click on photo to enlarge.
Olmsted County, which includes the city of Rochester, Minnesota, is the fifth "best affordable" place to live, according to Bloomberg Businessweek in May 2011. "Factors that were most heavily weighted," according to Businessweek.com, "include housing cost, crime, unemployment, and educational attainment in the county, in addition to such other metrics as family income, poverty, commute time, air quality, diversity, and share of families with children." To read the full article, click here.
In 2010, Kiplinger's Personal Finance Magazine named Rochester as #6 in it's "10 Best Cities for the Next Decade". To read the full article, click here.
Rochester was named by Kiplinger's Personal Finance Magazine in August 2010 as a "Great City for Raising a Family." Click here to read more.
In August 2010, a study done by renowned sociologist and economic development guru Richard Florida in The Atlantic, Rochester was listed as No. 1 in his list of 20 metros with the fastest-growing jobs, with projected job growth of 12-plus percent. To learn more about the study and how Florida came to these projections, click here.
In Finance & Commerce August 2010, Dan Smith, president of St. Paul-based Growth & Justice, describes Rochester, Minnesota, as a historically quiet town, with an international center for healing and medicine and the incomparable Mayo Clinic, emerging as an island of relative prosperity during the Great Recession. Click here to read more.
Biotech Science News (BSN) ranked Mayo Clinic #3 in its top 10 list of global life science organizations in 2010. BSN researches and ranks life scientists working in the biotechnology, drug discovery, genomics, microbiology, Neuroscience, medicine, pharmacology, cell biology and molecular biology. Click here to read more.
Washington Monthly, September 2010 Click here to read more.