Rochester, Minn. (March 22, 2018) – The impact of Destination Medical Center (DMC) is being felt throughout the southeast Minnesota region, and DMC Corporation (DMCC) board members recognized considerable progress toward several private developments and previewed some proposed projects that continue to showcase Rochester as a prime market for investors, developers and entrepreneurs.
Action by the Board included authorization of a 2017 private investment report to the Minnesota Department of Employment and Economic Development (DEED) totaling more than $131 million. To release state DMC funding over the span of the initiative, DMCC must present DEED with an annual accounting of qualified private investments made within the DMC district. DEED is then responsible for certifying the investments and qualifying DMC to receive state funding for public infrastructure projects.