Momentum and Discovery Square Groundbreaking Highlighted at DMCC Board Meeting

FOR IMMEDIATE RELEASE – Rochester, Minn. (Nov. 2, 2017) – The Destination Medical Center Corporation (DMCC) Board of Directors today recognized significant progress toward several private developments, public infrastructure, business development, and planning goals of the Destination Medical Center initiative.

A significant highlight shared with the Board focused on job growth. More than 3,300 jobs were added since 2014 and construction activity at the four DMC-funded projects will result in more than 1,000 combined construction jobs.

The Board specifically acknowledged today’s groundbreaking by Mortenson on their Phase 1 building at Discovery Square.

“Discovery Square will be the place where Minnesota’s next generation of medical start-ups will want to be. It will create new opportunity for jobs, innovation, and economic growth and represents a major step toward fulfilling our mission of building America’s City for Health,” said Lt. Governor Tina Smith, chair of the DMCC Board of Directors. “I thank Mortenson, Mayo Clinic and the Rochester community for their work on the Discovery Square project. This is great news for Rochester and our state.”

“Working together is essential to achieve the global destination vision of DMC,” said Lisa Clarke, DMC Economic Development Agency executive director. “Rochester is fortunate to have committed partners in a variety of industries dedicated to diversifying and strengthening the area’s economy and workforce.”

Additional highlights at the Board meeting included:

  • Receipt of the first annual installment of General State Infrastructure Aid, in the amount of approximately $2.68 million.
  • Women-and minority-owned contractor goals are being met for the Titan Hilton project and adjacent city parking ramp.
  • Increased website engagement from target markets outside of Minnesota.

The DMCC Board provided initial approval of 2018 capital improvement funding for infrastructure projects and reviewed other operational materials including a 2018 budget approval and updates on four transportation studies to be finalized in the first quarter of 2018.

The DMCC Board also expressed gratitude to out-going board member Susan Park Rani for her service to the DMCC Board, community, and the State of Minnesota.

The DMCC Board of Directors will meet quarterly in 2018, with special meetings scheduled as necessary.