New Ulm has a diverse economic business community, ranging from manufacturing to agriculture. It serves as a transportation hub, has a nationally award-winning rural healthcare system, and there are many community partnerships. New Ulm is known for a strong and efficient labor force attracting large companies such as 3M, Firmenich, and Kraft. As a transportation hub, New Ulm is connected by two major highways, railroad, and a municipal airport. Fiber internet is provided by Nuvera, the headquarters of a regional internet provider.