Tag: DMC Economic Development Agency

DMCC board applauds progress in DMC sub-districts

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With all the activity taking place in the Destination Medical Center (DMC) District, the recent DMC Corporation Board of Directors meeting agenda was a full one and included updates on DMC’s top development priorities, such as Discovery Square and Heart of the City.

Financial update

At the end of 2016, private investment in the DMC district surpassed $200 million, the threshold required to trigger the release of State dollars to support Rochester’s infrastructure needs. It was reported at the meeting that the Minnesota Department of Employment and Economic Development (DEED) certified the report and has authorized the release of $2.6 million of the state money for local infrastructure improvements by September.

“This is the reason we’ve been doing this for the past several years,” says DMCC board vice-chair R.T. Rybak. “I encourage the staff to take time to celebrate this achievement.”

Discovery Square Developments

One of six DMC sub-districts, Discovery Square will be a live-work environment organized around attracting and retaining the best and brightest to our community. While there is progress taking place in all of six sub-districts, Discovery Square is a board-identified priority for DMC, as are Heart of the City and transportation.

Sharing the DMC story throughout the state

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DMC is changing the face of Rochester, and the state of Minnesota is taking notice.

The past few months have brought a new visibility to America’s City for Health as statewide publications have begun to share the story of Destination Medical Center.

Photo credit: Glen Stubbe, Star Tribune

In May, journalist Matt McKinney and photographer Glen Stubbe from the Star Tribune joined DMC Economic Development Agency executive director Lisa Clarke on the 189-foot Kraus-Anderson construction crane at the site of the future Titan Hilton Hotel to get a birds-eye view of the development taking place across the city of Rochester and discuss what’s to come for the burgeoning city.

Making Progress: Construction continues on downtown Hilton hotel

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DMC leaders recently accompanied developers at Rochester’s Titan Development & Investments and Harbor Bay Real Estate Advisors on a hardhat tour to take in the progress on the 19-story Hilton Hotel being built at the intersection of Broadway and Center Street in downtown Rochester.

The project is a public-private partnership and one of the first to receive DMC funding. Currently, there are up to 80 employees on-site daily and is expected to reach more than 250 per day as progress continues.

“It was great to see firsthand how far along the project has evolved,” says Lisa Clarke, DMC Economic Development Agency’s executive director, who took part in the tour. “Projects like this are important as DMC evolves.”

BIO 2017: Raising awareness of DMC and Discovery Square in San Diego and beyond

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There are few better places to connect with the top people in biotechnology than at BIO 2017.

The BIO International Convention (BIO) drew more than 16,000 of the biotech industry’s brightest from a wide spectrum of life science and application areas – including drug discovery, biomanufacturing, genomics, biofuels, nanotechnology, and cell therapy – for a week of intensive networking to discover new opportunities and identify promising partnerships.

Transportation planning key to strategic growth

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Smart growth means anticipating what lies ahead, and that’s exactly what local leaders did at the recent DMC Transportation Work Session.

Members of the DMC Corporation Board of Directors, the DMC Economic Development Agency (EDA) Board of Directors, the Rochester City Council, and the Olmsted County Board of Commissioners came together with nearly 40 community members for a highly-engaged exchange of information about the future of transportation for Rochester.

DMC Transportation Work Session Provides Space for Fruitful Public Input

Press Releases

ROCHESTER, Minn. (June 14, 2017) – The Destination Medical Center Corporation (DMCC) Board of Directors held a Transportation Work Session today to provide an update on findings since the DMC Transportation Workshop in April.

“A sustainable, comprehensive transportation plan is essential to the success of DMC. Today, we had a valuable discussion about Rochester’s needs, now and in the future,” said Lt. Gov. Tina Smith, chair of the DMCC Board. “Together with the Mayor, City Council, Olmsted County Board, and the EDA Board, we looked closely at design options, with the goal of making transportation work better for people in the DMC district and throughout Rochester and the region.”

Transportation: By land or by air

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Transportation is at the forefront of urban planning and growth, and Rochester leaders are exploring how to best meet the needs of all as the Destination Medical Center initiative continues to take shape.

Transportation goals for Rochester include moving 23-30% of the workforce downtown via transit by 2035, connecting downtown districts with a circulator, and creating a world-class place for regional transit arrival and departure.

By air

The first United Airlines flight into RST

Rochester International Airport recently welcomed its first-ever United Airlines flight bringing the city another step closer to creating the high quality of service necessary to support the growth expected as a result of DMC.

40 Below: Building the workforce of the future

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When you utter the words “40 below” in Minnesota, minds tend to stray toward cold winter nights and non-functional cars. But, as development and progress in and around the DMC District increase, Rochester’s newest young professionals group is changing that perception.

Building the next generation of leaders

While workforce needs for the community are growing across all industries, development related to DMC is driving an even greater demand for talent in the building industry.

Enter 40 Below, an initiative of the Rochester Area Builders (RAB) committed to developing strong, lasting relationships for up-and-comers in the regional building community.

Discovery Square: Science on Display

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The DMC vision is progressing as each of the sub-district’s distinctive personalities is beginning to evolve. Heart of the City, for example, serves as the place where health care intersects with hospitality and retail, the Downtown Waterfront looks to transform the perception of Rochester from a medical campus into a vibrant destination, and St. Marys Place becomes a monumental gateway at one of the primary entry points into Rochester.

Rendering Credit: Mortenson

Lately, though, it’s Discovery Square that’s making the news.

Developer and investor interest in Rochester grows

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First Avenue Flats Ribbon-Cutting

From groundbreakings to grand openings, Rochester is flourishing as developers and investors from around the world take notice of the opportunity that exists in America’s City for Health.

In the last two weeks alone, First Avenue Flats opened to 75% occupancy; the first building in Discovery Square was introduced; public funding raising efforts have begun for the Ronald McDonald House expansion; and the Mayo Civic Center celebrated its grand opening. Diverse construction projects like these offer the infrastructure needed to support Rochester’s projected growth.