(Rochester, Minn.) March 13, 2026 – The Destination Medical Center Corporation (DMCC) Executive Committee today approved a report documenting more than $348 million in new private investment in Rochester and the DMC district during 2025. This is the largest-ever certified figure of annual private investment and brings the cumulative total to more than $2.1 billion in private investment since the beginning of the DMC initiative.
The 2025 figures include a $342.3 million investment from Mayo Clinic, twice as large as any previous year, reflecting continued progress on its multi-year expansion in downtown Rochester. Mayo Clinic’s ongoing investments in Rochester position the city as a global destination for health and wellness.
“In addition to advancing Mayo Clinic’s work in research, practice, and education, we are committed to investing in the community,” said Doug Holtan, Chair of Facilities and Support Services at Mayo Clinic. “These efforts help ensure Rochester continues to grow as a healthy, vibrant community for residents, patients, and visitors alike.”
As the scale of development in Rochester continues to accelerate, public and private collaborators are working together to support the community during a period of significant construction activity. Efforts include coordinated construction mitigation programs for downtown businesses, storefront activation initiatives, and investments in infrastructure that strengthen connectivity and support long-term growth.
“The continued pace of private investment demonstrates strong confidence in Rochester’s future and in the long-term vision of the DMC initiative,” said DMCC Board Chair Pamela Wheelock. “As Mayo Clinic advances its historic expansion and additional collaborators invest across the district, we are seeing the sustained momentum needed to transform downtown Rochester while ensuring the benefits of growth extend throughout the community.”
Since the start of the initiative, DMC has supported more than $200 million in public infrastructure investments, contributing to the redevelopment of approximately 15 city blocks and helping double the number of downtown housing units. Rochester has also recorded more than $1 billion in annual construction activity for three consecutive years, reflecting the scale of transformation underway.
The investment report will be submitted to the Minnesota Department of Employment and Economic Development (DEED) as part of the annual certification process required under DMC legislation.
The next DMCC Board meeting is scheduled for May 21, 2026.