As developments progress in the DMC District and throughout the city, the confidence of investors and developers in the future of Rochester is becoming more and more apparent. Over the next 20 years, DMC will continue to drive the city’s growth and position Rochester as the ideal place to grow a business, invest in a development project, or raise a family.
At the Rochester Real Estate Development and Investment Summit – to be held on May 4, 2017 – attendees will learn how DMC is shaping the market forces in the city, region, and state and the impact the initiative is making on real estate and investment.
With more than 45 two- and four-year postsecondary institutions within 90 miles of Rochester, the city is a breeding ground for thinkers and innovators. The state’s strategic focus on world-class education is also positioning Minnesota as national leaders in workforce development.
DMC sat down with WSU-R’s associate vice president, Jeanine Gangeness, to learn more about the college’s presence in Rochester and plans for growth.
Innovation and entrepreneurial thinking are critical during this time of transformation in Rochester, especially as Discovery Square begins to take shape. On May 18, hear from ten speakers during the second annual TEDxZumbro River as they explore “what’s possible.”
The TEDxZumbroRiver 2017 speaker lineup includes ten speakers – six local and four national. The speakers were selected for their fresh and original approach to this year’s topic, “Possibility.” The lineup boasts speakers from the local community – scientists, physicians, engineers, artistic directors, poets, writers, educators, and beyond. Each speaker brings a unique background to the stage and is passionate about bridging gaps in the local community.
On a national level, the TEDxZumbroRiver curation team is excited to bring to Rochester, CEO’s, company founders, nationally-recognized authors, and world-renowned physicians to present their inspiring take on the topic of Possibility.
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.”
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.
“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.
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.
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.
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.
Patient access. Innovation. Economic growth.
If you’ve ever heard Shaye Mandle of Medical Alley Association speak, the story he shares sounds remarkably like the story of DMC. That’s because he is telling the story of Minnesota, and Rochester – home to Mayo Clinic – has long been the cornerstone of conversations related to medicine in the state and throughout the nation.
“Mayo Clinic has been one of the most important members of [the Association] since it was founded in 1984,” says Mandle, Medical Alley’s president and CEO. “They are the number one, gold standard for clinical excellence in this country.”