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New Ulm is considered a Large Town with a population of 13,085 and 2,084 businesses. 7 in 2018 were added to the New Ulm Chamber of Commerce business directory which was less than 2017 which had 18.

The economy of New Ulm employs 9,146 people and has an unemployment rate of 2%. Some of the largest industries in New Ulm are Professional Services (180),Child Care Services (62), and Beans Peas Lentils Dried (56).
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