(Rochester, MINN) March 26, 2020 – The Destination Medical Center Corporation (DMCC) today announced that it will reassess its workplan this year with a special focus to help support the community and regional economy through the COVID-19 crisis. In addition, the DMCC released the 2019 private investment figures for the Destination Medical Center (DMC) district which totaled $272 million, DMC’s highest single year of investment.
“As we acknowledge 2019’s successful private investment figures, we are aware of the challenges before us with the COVID-19 pandemic,” said R.T. Rybak, DMCC Board Chair. “We are currently evaluating all of DMC’s tools and resources and collaborating with business and community organizations to support and assist. We remain focused on growing the Rochester, regional and Minnesota economies and we need to be in a position to be as spry as possible.”
“DMC’s foundation is to build and grow a sustainable economy in Rochester, Minnesota. We intend to continue this critical work, and in today’s environment, we also need to address the greatest and immediate needs for our community and work toward recovery, stability and resiliency,” said Lisa Clarke, executive director, DMC Economic Development Agency (EDA).
Recognizing that small and independent businesses are an integral part of the Rochester economy, DMC EDA will be increasing its efforts around workforce development to ensure as many people as possible can work quickly. DMC will advance projects such as Heart of the City and accelerate other projects such as Discovery Walk to help sustain the local trades industry. Additionally, DMC will strengthen its partnerships with organizations such as Minnesota Department of Employment and Economic Development (DEED) and Medical Alley Association to advance opportunities for businesses and startups.
The next step with the 2019 DMC private investment figures is to present to DEED for certification.