economy

The nearly demolished iconic downtown Rochester restaurant closed around 10 years ago.

Minnesota recently finished previous fiscal year with revenues $421 million higher than forecast.

Despite the record-breaking jobs statistics, the unemployment rate for Olmsted County in July was the highest in nearly 3 years.

The Rochester-based healthcare giant's net operating income for the first half of the year is up 80% from a year ago.

In recent months, the Rochester area's job growth rate has been the highest in the state and now the number of jobs created over the past year is even higher than the total for the entire Twin Cities area.

The longtime benefactors have made a "transformational gift" to support Mayo Clinic's Bold. Forward. Unbound initiative.

Much of the higher than predicted revenue came from income tax and corporate tax payments.

The local unemployment rate edged slightly higher

Individual income tax collections led the way.

The unemployment rate also dropped back below 2%.

The appropriations will help finance about 400 housing units in and near downtown Rochester.

That's up more than 100% From the first quarter last year.

The report also shows the statewide unemployment rate hasn't changed in 6 months.

An autopsy of the child determined she died of acute fentanyl toxicity.