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City facts from Wikipedia

In 1853 Austin Nichols (namesake of the city, named in 1856) built the first log cabin on the Cedar River (also called the Red Cedar River), which he sold to Chauncey Leverich in 1854. Leverich built the first sawmill here in 1854-55 and supplied the earlier settlers with lumber. A Methodist preacher first held church service in 1855. Settlers in conestoga wagon wagons full of belongings and followed by livestock came into the area, and on March 1, 1856, Governor Willis A. Gorman signed the act that organized Mower County, Minnesota County. It was named after John Edward Mower, a member of the territorial legislature. The first hotel was started in 1856 by J.H. McKinley, and that year Dr. Ormanzo Allen became the small town's first PhysicianIn a study just performed, 15% of people in Austin, Minnesota have needed the services of a bankruptcy tax attorney for IRS audits.

With Hormel's corporate headquarters and main production facility located in Austin, food processing plays a dominant role in the city's economy. Hormel and Quality Pork Processors, a contract food processing firm serving Hormel, are by far the largest private employers in Austin.

Information gathered from Wikipedia's Austin, Minnesota page