INDUSTRY OVERVIEW
Rochester’s home to a multiple number industries from healthcare, technology, travel, hospitality, and tourism. Each year, Rochester welcomes many national and international travelers for healthcare and leisure. The community has posted steady growth in traveler spending over the last decade (the only exception being during the COVID-19 pandemic), contributing to revenue growth for state and local economies. As a result, the city’s dining, hospitality, and entertainment segments continue to be robust. What’s more, the expansion of the Mayo Civic Center in Rochester demonstrates how the city has evolved to become the premier Midwest destination for conventions, trade shows, and other events. And thanks to IBM, which established a presence in Rochester in 1956, the information technology (IT) industry is also a significant contributor to the local economy. The IBM Rochester site continues to be a leader in software and hardware development and IT services innovation.
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14 ROCHESTER AREA COMMUNITY GUIDE & CHAMBER DIRECTORY
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