Take an inside look at the newly opened Hyatt House Rochester Mayo Clinic Area with general manager Mike Fox. The hotel is owned by PEG Companies and managed by In-Group Hospitality: A PEG Company. The hotel adds value to the City of Rochester as the first ever Qualified Opportunity Zone project and is a vital part of the Destination Medical Center (DMC) initiative to revitalize Downtown and fulfill the strong demand for extended stay accommodations for patients of Mayo Clinic and their families. DMC supported this development with public infrastructure funding.
A Rochester, Minnesota startup is helping to fill a void in community exploration. Shrpa.com connects travelers with self-guided adventures created by locals. It’s a unique online resource that is gaining traction and subscribers. Shrpa.com co-founders Chris Lukenbill and Andy Vig are software developers who met at a co-working space. They both struggled to find a source for new experiences. Not finding a usable platform, they created their own with a long-term vision for Shrpa.com to be the platform for local travel and exploration.
In Minnesota, a new initiative is providing a launching pad for entrepreneurs.
Launch Minnesota is a pilot program that is fostering an innovative ecosystem across the state and is helping to get capital in the hands of startups. Over the past two years, Launch Minnesota has provided several millions of dollars in grant funding for early stage startups.
The executive director of Launch Minnesota, Neela Mollgaard, has been a leader at the local and state level helping entrepreneurs as they start and scale their business. She discusses Minnesota’s commitment to the startup community and why entrepreneurship is a key part of the economy and needs greater focus.
Planning for the future by creating a connected city
What is Discovery Walk?
Discovery Walk is a four-block linear parkway in downtown Rochester, MN along 2nd Avenue SW that will serve pedestrians as well as vehicle traffic. This multipurpose public space and streetscape is the first of its kind in Rochester. The vision for this project is to create a high amenity landscaped road and utility reconstruction project in the middle of downtown that prioritizes pedestrian experience while also maintaining flexibility for bike and vehicular access, civic events, and supports future development.
A new workforce housing development project will bring affordable living options to downtown Rochester. If all goes as planned, 180 families of modest means will celebrate the December 2022 holiday season in their new homes at the Bryk on Broadway. Perhaps a new college graduate working as a lab technician, or an immigrant family working side jobs while upskilling at RCTC, or a retired couple who want to free themselves of the chores of owning a home will be among its first residents. All will have an easy walk, bike, or bus ride to great job opportunities, incredible parks and trails, a first-class library and community center, and a robust set of retail, dining, and entertainment options.
This project will be constructed by workers earning good salaries. An emphasis has been placed on hiring woman and minority-owned contractors to build on a site that has been vacant for many years. It has been designed with energy conservation in mind, meaning that its occupants will enjoy lower utility costs, while the community will benefit from a smaller carbon footprint than would typically be the case for a building of this size. The Bryk might even host a small grocery store or child care center.
The local development team’s vision inspired the Destination Medical Center Corporation (DMCC) board to enthusiastically authorize financial support for a portion of the public infrastructure necessary to advance the project.
The Bryk exemplifies a more holistic approach to affordable living, considering not only the cost of rent or mortgage but also expenses normally associated with transportation and electric bills. Moreover, building the Bryk will address a need in our community, as evidenced by a recent Rochester Housing Coalition study. According to the study, over the next 20 years there will be a need for more than 3800 housing units priced below market rate.
The addition of Bryk reflects the promise that the Destination Medical Center initiative is more than the transformation of Rochester’s transportation system, public spaces, sewers and streets, medical innovation or tourism. DMC is about all these initiatives, and so much more, including diverse options to live downtown.
In time, the full picture of how DMC is contributing to Rochester’s growth will become even more evident. Laying the Bryk’s foundational bricks will be the next step in filling out that picture.
This is the first of a monthly column by Patrick Seeb, Executive Director, DMC Economic Development Agency.
View the full meeting here: https://video.ibm.com/recorded/129608849
The vision of the University of Minnesota Rochester is to inspire transformation in higher education. It’s a vision that aligns well with a new groundbreaking partnership with two of the world’s most recognized brands.
Mayo Clinic and Google are partnering with the University of Minnesota Rochester on a pilot program called NXT GEN MED, designed to inform the future of higher education, leveraging machines and humans working together in an optimizing relationship to accelerate learning.
This partnership is a first of its kind for higher education and provides an accelerated degree for students. University of Minnesota Rochester Chancellor Dr. Lori Carrell explains more about NXT GEN MED and what it means for higher education. She also talks about the impact COVID-19 has had on the campus community in Rochester, Minnesota, and the uniqueness of the living and learning campus, which is focused on healthcare studies.
DMCC Board approves funding for downtown workforce housing project
(Rochester, Minn.) March 23, 2021 – The Destination Medical Center Corporation (DMCC) Board of Directors at a special meeting today approved a report documenting 2020 private investment in the DMC district of more than $144 million, which brings the cumulative total since 2013 to more than $1 billion in private investment for development in Rochester.
A Scandinavian retailer in Rochester, Minnesota is proof that you can be successful during a pandemic. The Nordic Shop has seen a nearly 300 percent growth in its online sales in 2020 thanks to a robust digital strategy, a keen understanding of its customer base and a forewarning of the impact of COVID by its European vendors. Louise and Walter Hanson, who own and operate the Nordic Shop and are celebrating 47 years in business and in marriage, share their story.
Rochester, Minnesota’s third-largest city, appears frequently on rankings of the country’s most livable cities. Factors such as civic engagement, affordable housing, a strong regional economy and great education options have helped the community stand out for years.
Now, Rochester is looking to build on that appeal by positioning itself as a great home for the post-pandemic workforce as many employees feel more freedom to choose their home untethered from their work locations.