Month: February 2014

DMC: What’s been happening and what’s up next

When the Minnesota Legislature approved the Destination Medical Center (DMC) financing plan in May 2013, it was the first major milestone in the 20-year project to secure the status of Minnesota as a global medical destination now and in the future. It is a public-private partnership that includes the state of Minnesota, City of Rochester, Olmsted County and Mayo Clinic. DMC initiatives will enhance the experience for patients, visitors and community residents, making Rochester a great place to live, work, play and heal.

The DMC plan calls for $585 million in public investment from the state and local jurisdictions. The funds approved by the Minnesota Legislature will not be used for any Mayo Clinic projects, and Mayo Clinic doesn’t decide how the state funds will be spent. Mayo Clinic plans to invest $3.5 billion over 20 years to improve and enhance care and services on the Rochester campus. This investment will leverage an additional $2.1 billion in private investments to support the DMC vision.