Rochester was the top area in Minnesota when it comes to economic and job growth this year, according to a study by Area Development magazine.
The magazine ranks the city 66th out of 365 MSAs (metropolitan statistical areas).
The Fargo-Moorhead region was ranked fifth in the nation, but it’s not mainly in Minnesota.
Duluth was 77th; Minneapolis-St. Paul-Bloomington was 85th.
Columbus, Ind., was top ranked, while Dalton, Ga., was last.
The magazine said it compiled the rankings using “two dozen different economic and workforce indicators from the Bureau of Labor Statistics, the Bureau of Economic Analysis, and the U.S. Census American Community Survey.”
The Rochester Post-Bulletin interviewed Gary Smith, president of Rochester Area Economic Development, who notes the city’s economy is fueled by the Mayo Clinic., along with manufacturing, and the dairy and food industries, which are in good shape.
“It’s not too surprising that we’re one of the better local economies,” Smith told the paper.