Tag: EDA

Live Blog | City’s Update: Chateau, Transportation, and Standards

This shot of U.S. Highway 52 highlights Rochester’s transportation artery and it’s fastest route to the Twin Cities and Minneapolis-St Paul Airport.


Rochester City Administrator Stevan Kvenvold said the City shares the Board’s emphasis on early transportation planning as essential to long-term development of Destination Medical Center.

Part of that will mean working to define specific plans and work with the Federal Department of Transportation to secure grants and funding for the projects, something the City intends to undertake in partnership with the Rochester-Olmsted Planning Department.

Chateau Theatre

While the transportation piece will be critical to setting the stage for resident and visitor movement into and throughout Rochester, Kvenvold’s updates on the Chateau Theatre will perhaps be of more import to local residents who have championed preservation and re-opening of the historical landmark.

The city’s bid to purchase the Chateau from its current owner is tentatively set to finalize within the next “couple of weeks,” Kvenvold said.

Live Blogging from DMCC Board Meeting on Thursday

We will be live blogging from the Destination Medical Center Corporation Board of Directors meeting on Thursday morning. Check in often for updates as they happen, and follow @DMCMN for updates in your Twitter feed. As with all public DMCC Board meetings, a live video feed is available through Ustream.

Among the highlights scheduled for this meeting are:

– Handover of the DMC draft Development Plan to the City of Rochester
– Presentation from the Economic Development Agency Board
– Review of the DMC mission, vision, and goals

A complete agenda and board packet are available for download from the DMCC website.

Check out the video below for a review of last month’s meeting, which includes a 45-minute presentation of the draft DMC Development Plan.

DMCC Board Meeting This Week

The Destination Medical Center Corporation Board of Directors meets from 9:30 a.m. to noon on Thursday, January 29 in the Riverview Room, Suite C of the Mayo Civic Center.

Agenda items include: formal transmittal of the Draft DMC Development Plan to the City of Rochester, a presentation from the Economic Development Agency Board and City, and a review of the DMC mission, vision, and goals.

The complete agenda and meeting packet is posted on our Events page at least 72 hours before scheduled meetings. It is also available here for download: DMCC Board Packet 1-29-2015

How to Attend

When: 9:30-noon on Thursday, January 29
In person: Mayo Civic Center, Riverview Room, Suite C
30 Civic Center Drive SE
Rochester, MN 55904
Online: Live streamTwitter, and the DMC Blog

Mayo Clinic Announces Appointments to DMC Economic Development Agency Board

DMC_teardrop_green_180pxNov. 8. 2013

EDA will lead the process to establish DMC development plan

ROCHESTER, Minn. — Mayo Clinic announced today the appointment of six members to the Destination Medical Center (DMC) Economic Development Agency (EDA) Board who will oversee the private economic development corporation authorized by state statute to provide a wide range of planning, development and marketing services to the Destination Medical Center Corporation (DMCC).

The six members are:

  • Jerry Bell, former president, Minnesota Twins
  • Lisa Clarke, Executive Director, DMC Economic Development Agency and Community Engagement Division Chair, Mayo Clinic Department of Public Affairs
  • Patricia Simmons, M.D., chair of the EDA Board, DMC physician lead, Mayo Clinic
  • Gary Smith, Olmsted County resident, president, Rochester Area Economic Development Inc. (RAEDI)
  • Wendy Wood, Rochester resident, senior investment manager at University of Minnesota Foundation Investment Advisors
  • Srilatta Zaheer, Ph.D., dean, University of Minnesota Carlson School of Management

“These leaders who have agreed to serve on the DMC EDA Board bring a wealth of expertise and knowledge that will ensure the work of the EDA is of the highest level and fulfills the mission of the DMC initiative in a way that benefits the people of Minnesota and the Rochester community,” says John Noseworthy, M.D., Mayo Clinic president and CEO. “Today’s announcement represents another important step forward in making the DMC vision a reality.”

The EDA is a private, nonprofit economic development corporation authorized by the DMC state statute that will provide experience and expertise to the DMCC for the purpose of preparing the detailed development plan and marketing the Destination Medical Center. Its broad range of development services will include strategic planning, master planning, development, finance, oversight, as well as community outreach, communications and marketing services to the DMCC.

As specified in the DMC statute passed by the 2013 Legislature, Mayo Clinic was tasked with the responsibility of appointing the EDA Board to ensure alignment of the DMC plan to help support the expansion of Mayo Clinic in Minnesota. Appointees were selected for their expertise in the following areas:

  • Economic Development
  • Business Development (especially in bioscience, research, technology)
  • Real Estate Development
  • Urban Planning
  • Finance
  • Communications / Public Policy

“The EDA Board provides an opportunity to enlist the expertise of private sector leaders to help plan and guide the successful implementation of the DMC initiative,” says Dr. Simmons, who is also medical director of government affairs, Mayo Clinic and chair of the EDA Board. “This group of experts and leaders will oversee the work of the EDA and serve the DMCC Board in a way that will benefit our state and our community for years to come.”

Specific roles and responsibilities of the Economic Development Agency Board of Directors include:

  • Guide and direct the comprehensive development plan for consideration and approval by the Destination Medical Center Corporation Board
  • Guide the EDA team in the formulation of specific initiatives to engage the broad base of community interests that comprise the DMC and manage a robust community engagement process
  • Serve as liaison with key stakeholders (i.e., state legislators, business leaders, community interests, etc.)
  • Market DMC and the private sector investment opportunities in Rochester that will support the DMC vision
  • Manage a comprehensive community and public relations program that addresses the interests of the DMCC, the medical business entity (Mayo) and other community interests
  • Serve as the economic development advisory entity to facilitate the development of economic and fiscal impact analysis that supports the achievements of the Destination Medical Center


Governor Dayton, Mayo announce reps for DMCC

The Destination Medical Center (DMC) legislation that was passed in May by both houses of the Minnesota Legislature and signed by Minnesota Gov. Mark Dayton created two oversight DMC groups. Today, Tuesday, July 23, the appointments to the Destination Medical Center Corporation (DMCC) were announced.

The DMCC board will oversee the state’s largest-ever economic development project and be responsible for leveraging an estimated $5.6 billion in Mayo Clinic and private investment over the next 20 years. The strategic initiative is expected to create tens of thousands of new jobs and secure Minnesota’s competitive position as the premier global destination for health care and medical advancement.

The legislation also outlined the appointments of the eight members of the DMCC Board, with the governor appointing four, the City of Rochester appointing two, Olmsted County appointing one, and Mayo Clinic appointing one member.

John Noseworthy, M.D., president and CEO, Mayo Clinic, and Gov. Dayton announced their appointments to the DMCC board today.

Bill George, a member of the Mayo Clinic Board of Trustees and former chairman and CEO of Medtronic Corporation, has been appointed as Mayo Clinic’s representative. George is a professor of management practice at Harvard Business School and serves as a director on the boards of ExxonMobil, Goldman Sachs and Mayo Clinic.

Gov. Dayton’s appointments to the DMCC Board are:

  •   James Campbell, retired group executive vice president, Wells Fargo & Company
  •   Tina Flint Smith, chief of staff to Gov. Dayton
  •   Susan Rani, president, Rani Engineering, Inc.
  •   R.T. Rybak, mayor of Minneapolis

The Minnesota Senate must confirm all four gubernatorial appointees.

In June, the Rochester City Council unanimously approved the appointment of Councilman Ed Hruska as the council’s representative. The legislation also calls for the Rochester mayor to serve on the new board. Rochester Mayor Ardell Brede has announced his intention to serve.

Olmsted County has not yet announced an appointment. The DMCC Board is expected to meet in the next 30 days.

A DMC Economic Development Agency (DMC EDA) also was established by the legislation. The DMC EDA is a private economic development agency, the purpose of which will be to provide services to the DMCC board to plan and execute DMC strategies. Watch for more information on the EDA as it evolves.