Month: March 2017

Press Release: Major Milestone: DMC exceeds $200 million private investment threshold for unlocking state dollars

Press Releases

ROCHESTER, Minn. (March 23, 2017) – The Destination Medical Center Corporation (DMCC) Executive Committee announced today that the DMC economic development initiative exceeded the $200 million private development investment threshold –needed to trigger the release of state DMC dollars to be used for public infrastructure improvements – by $97.7 million, totaling $297.7 million in private investment.

“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” said Lt. Gov. Tina Smith, DMCC Board Chair. “With the $200 million threshold met, I look forward to working with the State of Minnesota, Rochester community and Mayo Clinic to invest in transportation, world-class amenities, and other public infrastructure that supports opportunity for everyone.”

A major milestone: DMC exceeds $200M private investment threshold for unlocking state dollars

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The DMC Corporation (DMCC) Executive Committee announced today that the private investment threshold of $200M needed for DMC to receive state dollars for public infrastructure improvements has been met. In fact, private investments in the DMC District from July 2013 through the end of 2016 totaled nearly $298M, exceeding the $200M requirement by nearly $100M.

Lt. Gov. and DMC Corp. Board Chair Tina Smith

“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” says Lt. Gov. Tina Smith, DMCC Board Chair, who submitted the 2016 private investment draft report to the Minnesota Department of Employment and Economic Development (DEED) on behalf of the DMCC Board.

DMCC establishes executive committee to ensure continued progress

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Initiatives with the magnitude and impact of Destination Medical Center sometimes require board-level decisions to be made between official board of directors’ meetings. In instances like these, an executive committee is often charged with fulfilling limited board responsibilities to help maintain an organization’s momentum relative to time-sensitive issues and ensure projects continue to move forward as scheduled.

In January 2017, the Destination Medical Center Corporation (DMCC) Board of Directors approved a Resolution establishing an executive committee to do just that. As outlined by the Resolution, the committee may act only during intervals between board of directors’ meetings and is subject to the authority and direction of the full board.

Dare to DREAM: Giving life to Heart of the City

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Heart of the City Concept Development

From Discover to Dream, the Destination Medical Center’s Heart of the City public space design team is taking their direction from you.

On March 9, the design team invited community members to take part in the second phase of the design process at a Community Workshop at the Rochester Art Center. More than 130 people attended the 2 ½ hour interactive event.

“The turnout was great,” says Adam Ferrari, owner of the Rochester-based architecture and design firm 9.SQUARE and a member of the design team. But what struck Ferrari was the engagement by the group. “With events like this, it usually goes one of two ways,” he says. “People either react negatively – or they roll up their sleeves and get to work.” This group, according to Ferrari, did the latter.

Mayo Clinic named to Fortune’s “100 Best Companies to Work For”

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If you’ve spent much time in Rochester, you might be familiar with Mayo Clinic’s principal value: “The needs of the patient come first.” One of the reasons why Destination Medical Center was created is to ensure that the patient experience is positive, both inside and outside the walls of the clinic. But the individuals that make up the Mayo Clinic workforce – and put the patient needs ahead of their own – are what sets Rochester apart from other medical communities. But this week, Mayo Clinic was recognized for putting the needs of its employees high as well.

Take care of your employees and they’ll take care of you.

Every year, Fortune magazine publishes a list of the “100 Best Companies to Work For,” and for the 14th year in a row, Mayo Clinic has made the list. The rankings are based on the results of the Great Place to Work Institute’s employee trust survey, which evaluates companies on five factors: credibility, respect, fairness, pride, and camaraderie.