Latest DMC Press Release
Press Release: Progress and excitement build around Discovery Square as DMCC board supports Mortenson’s $35 million project in RochesterROCHESTER, Minn. (July 27, 2017) – The Destination Medical Center Corporation (DMCC) Board of Directors voted to approve the $35 million Mortenson project in the Discovery Square sub-district under the DMC Development Plan. The building is one in a series of DMC projects in the sub-district. The project will receive $4.9 million in DMC tax-increment financing. “Today we take an important step forward with Discovery Square, a place where Minnesota's next successful medical technology start-ups will be launched. This project will help diversify Rochester's economy, create great jobs, and ensure Rochester remains America’s City for Health,” said Lt. Gov. Tina Smith, Chair of the DMC Board of Directors. “I thank Mortenson, Mayo Clinic, and the Rochester community for their work on this Discovery Square project. We have taken another important economic development step for the Destination Medical Center, Rochester, and Minnesota.”
DMC Development Plan
DMC Development Plan Executive Summary
Don’t have time to read the 700 page document? This is a condensed 50 page document that highlights priorities for the first five years and DMC project approval criteria.
Comprehensive DMC Development Plan
DMC is guided by a comprehensive, 20-year development plan that serves as a strategic business plan and framework for implementation of the initiative.
View/Download Individual Sections
The Destination Medical Center Corporation serves as the governing board responsible for providing oversight and ensuring that planning and implementation of the DMC initiative supports the legislative intent and public purpose as defined in the statute.
The non-profit DMC Economic Development Agency (EDA) is a private economic development corporation authorized by the DMC statute to provide services to the DMC Corporation.
For more info, visit the DMC Leadership page.