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Destination Medical Center: Building the Future of Healthcare in Rochester

The Destination Medical Center (DMC) initiative aims to establish Rochester, Minnesota as a leading destination center for health and wellness. This report highlights the private investments and state support that are driving the economic growth of the city and its biosciences sector.

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Destination Medical Center: Building the Future of Healthcare in Rochester

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  1. Destination Medical Center Corporation Executive Committee Meeting Thursday, March 21, 2019 With Mayo Clinic at its heart, the Destination Medical Center (DMC) initiative will be the catalyst to position Rochester, Minnesota as the world’s premier destination center for health and wellness; attracting people, investment and jobs to America’s City for Health and supporting the economic growth of Minnesota and its biosciences sector.

  2. Annual Report of DMC Private Investment

  3. Annual Report of DMC Private Investment • Private (Non Mayo) within DMC District • Private (Mayo) within the City of Rochester • Private Investment Leads to State Support

  4. Investment • 2018 Private Investment: $262M • Total 2013 - 2018 Private Investment: $690.5M • 2019 Anticipated General State Infrastructure Aid: $13.5M • Total 2017-2019 Anticipated General State Infrastructure Aid: $22.5M State Aid

  5. DMC Private Investment (Construction Costs Spent To Date) $297.7M $152.5 M $46.3M Cumulative Total

  6. 2018 DEED Submission Highlights • Non-Mayo Clinic Private Investment • Jan 2018– Dec 2018 totaled $135.4M

  7. Hilton Hotel$50.4M – Downtown WaterfrontHotel, Restaurant & Retail 10 East Center St. Rochester

  8. One Discovery Square$13M – Discovery SquareBioscience focused lab and office space 202 4th Street SW Rochester

  9. More than 30 projects include but are not limited to improvements to retail space, residential units and commercial space. Ranges from thousands of dollars to hundreds of thousands of dollars.

  10. 2018 DEED Submission Highlights • Private Investment by Mayo Clinic • 2018 Mayo Investment totaled $126.5M

  11. Saint Marys Modernization and Growth$52.25M - Saint Marys Place

  12. Mary Brigh 3rd Floor OR Fit Out$6.5M- Saint Marys Place

  13. 2018 DEED Submission Highlights • Non-Mayo Clinic Private Investment • 2018 Private Investment totaled $135.4M • Private Investment by Mayo Clinic • 2018 Mayo Investment totaled $126.5M • Total 2018 Private Investment submission: $262M • Cumulative private investment now totals $690.5M

  14. Destination Medical Center Corporation Executive Committee Meeting Thursday, March 21, 2019 With Mayo Clinic at its heart, the Destination Medical Center (DMC) initiative will be the catalyst to position Rochester, Minnesota as the world’s premier destination center for health and wellness; attracting people, investment and jobs to America’s City for Health and supporting the economic growth of Minnesota and its biosciences sector.

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