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Latest DMC Press Release

DMCC Expresses Support for Downtown Property Support Program

[embed]https://youtu.be/3i_T1-_Nwq0?si=3wGgUFUB-Nji0BUa&t=10[/embed] (Rochester, Minn.) February 1, 2024 – At the quarterly Destination Medical Center Corporation (DMCC) Board of Directors meeting, the board directed DMC EDA staff to develop a program to support capital improvements to downtown properties. Board members discussed the importance of a vibrant historic Mainstreet experience. “The downtown is vital to the growth and success of Rochester,” board member R.T. Rybak said. “Beyond the cultural and historical significance, downtown contributes significantly to the tax base and to the overall health of this community.” DMC EDA staff will collaborate with the City of Rochester and other stakeholders and return to the board with a recommended approach at the next regular meeting of the DMCC board. The board also noted the importance of accelerating housing development, noting the current and future unmet needs.  Members discussed strategies such as tax increment financing (TIF) for market-rate housing that has been used in other communities. “This is a broader community question,” said board member Paul Williams. “I would like to see goals set and be more visible in how we push toward those goals. I applaud the city for setting aside TIF funding for affordable housing.” In other action, the board officially affirmed DMC as a partnering organization in the Minnesota MedTech 3.0 (MMT3.0) consortium. The purpose of this action was to meaningfully contribute to the MMT3.0 grant application project plan, the goal of which is to be awarded $40-$70 million in U.S. Economic Development Administration funding to grow Minnesota’s global market share in the medical technology industry. “This is an unprecedented opportunity for Rochester and for Minnesota,” said board member Jim Campbell. “To be able to tap into federal dollars to advance our standing on the world stage is a winning proposition.” MMT3.0 is a strategy to build a MedTech ecosystem that is even more connected, more strategic, and “smarter” through the incorporation of cutting-edge technologies, such as artificial intelligence, machine learning, and data science. The growth of this ecosystem will attract Smart MedTech businesses from the region and around the world to invest in Minnesota. Additionally, the board unanimously approved the resolution to submit the DMCC-City Annual Report to the Minnesota Legislature. The statutorily required report includes the DMC development plan, progress on projects in the development plan, actual costs & financing sources for projects completed in the past two years, estimated costs & financing sources for the next two years, as well as debt service schedules for outstanding obligations of the city for debt service issued for projects identified in the plan. The next regular DMCC Board meeting is set for May 23, 2024 at 9:30. a.m.

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About DMC Destination Medical Center (DMC) is the largest public-private economic initiative in Minnesota's history. The 20-year plan to transform Rochester into a global destination for health and wellness will attract developers, investors, startups, and entrepreneurs to live, work and play in America's City for Health. For more information, visit dmc.mn.

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For all press inquiries, please contact:

Geno Palazzari
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[email protected] or 307.696.9088


DMC Development Plan

Cover image of DMC Development Plan Executive Summary

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.

View/Download DMC Development Plan Executive summary – 62 pages, 23 MB (PDF) »

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 Full DMC Development Plan – 694 pages, 113 MB (PDF) »

View/Download Individual Sections

Five-Year Update to the DMC Development Plan

Forward: Creating Rochester’s Future

In 2020, the Destination Medical Center Corporation Board and City of Rochester approved a 5-year update to the DMC Development Plan, which was adopted in 2015 and provides a framework for implementing the mission of the DMCC to transform Rochester, Minnesota as a global destination for health and wellness.

The purpose of the 5-year update, which is required by state statute, is to tailor economic development strategies to market conditions​, to account for how DMC catalyzed for economic growth from 2015-2019​ and to gather community input.

View the document here.


DMC Leadership

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.


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