Tag: Mayo Clinic

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.

Expanding Twin Cities business finds success in Rochester

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For years, Rochester has been ranked as a best place to live, a most affordable city, and a top community for entrepreneurs. And while the words “Mayo Clinic” and “health care” may be the first things that come to mind when people think of Rochester, owners and investors in a variety of industries are seeing Rochester as a viable place to do business.

LKPB Engineers is a Twin Cities-based firm that provides mechanical and electrical engineering services for corporate, municipal, healthcare, educational, and other facilities. The company has been in business for nearly 50 years and, until recently, they were primarily a single location office in the Twin Cities metro.

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.

Press Release: First Building Announced in Discovery Square

Press Releases
ROCHESTER, Minn. (Apr. 27, 2017) – Representatives from Mortenson announced today to members of the Destination Medical Center Corporation (DMCC) Board of Directors the specific location where construction will take place on its hallmark Discovery Square project.The planned 60,000+ square foot, state-of-the-art research and development complex, currently being designed by RSP Architects and HOK, will be built at the corner of 4th Street SW and 2nd Avenue SW, according to Mortenson representative Jeremy Jacobs.

An integral part of the DMC vision, the 16-block sub-district in downtown Rochester known as Discovery Square will become one of the leading life science research campuses in the United States. The densely organized, mixed-use neighborhood will consist of life science businesses, new start-ups, and residential options anchored by a signature space.

Discovery Square will be a bridge to the mission of Mayo Clinic, serving as an extension of the Mayo Clinic’s team-based model of care and providing a new address for the future of life science, research, education, technology, and innovation. Over the next 20 years, Discovery Square is expected to expand Mayo’s research and product development space by more than two million square feet.

In 2016, Mayo Clinic selected Mortenson Company as its development partner for the first phase of its Discovery Square initiative. In January, Mortenson selected RSP Architects and HOK to design the facility. Mortenson expects to begin construction later this year and complete the project by 2019.

“The DMC vision for Discovery Square is coming to life,” said Lisa Clarke, executive director of the Destination Medical Center. “The vibrant life sciences hub will bring forward-thinking business professionals, students, educators, and innovators from around the world together in Rochester to accelerate research, improve delivery, and advance patient care.”

The next scheduled meeting of the DMCC Board of Directors will take place on July 27, 2017.

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DMC presents Real Estate Development & Investment Summit

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As developments progress in the DMC District and throughout the city, the confidence of investors and developers in the future of Rochester is becoming more and more apparent. Over the next 20 years, DMC will continue to drive the city’s growth and position Rochester as the ideal place to grow a business, invest in a development project, or raise a family.

At the Rochester Real Estate Development and Investment Summit – to be held on May 4, 2017 – attendees will learn how DMC is shaping the market forces in the city, region, and state and the impact the initiative is making on real estate and investment.

Press Release: Major Milestone: DMC exceeds $200 million private investment threshold for unlocking state dollars

Press Releases

ROCHESTER, Minn. (March 23, 2017) – The Destination Medical Center Corporation (DMCC) Executive Committee announced today that the DMC economic development initiative exceeded the $200 million private development investment threshold –needed to trigger the release of state DMC dollars to be used for public infrastructure improvements – by $97.7 million, totaling $297.7 million in private investment.

“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” said Lt. Gov. Tina Smith, DMCC Board Chair. “With the $200 million threshold met, I look forward to working with the State of Minnesota, Rochester community and Mayo Clinic to invest in transportation, world-class amenities, and other public infrastructure that supports opportunity for everyone.”

A major milestone: DMC exceeds $200M private investment threshold for unlocking state dollars

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The DMC Corporation (DMCC) Executive Committee announced today that the private investment threshold of $200M needed for DMC to receive state dollars for public infrastructure improvements has been met. In fact, private investments in the DMC District from July 2013 through the end of 2016 totaled nearly $298M, exceeding the $200M requirement by nearly $100M.

Lt. Gov. and DMC Corp. Board Chair Tina Smith

“Reaching this important milestone reaffirms that we are on the right track, and Rochester is already experiencing growth and new opportunities,” says Lt. Gov. Tina Smith, DMCC Board Chair, who submitted the 2016 private investment draft report to the Minnesota Department of Employment and Economic Development (DEED) on behalf of the DMCC Board.

Mayo Clinic named to Fortune’s “100 Best Companies to Work For”

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If you’ve spent much time in Rochester, you might be familiar with Mayo Clinic’s principal value: “The needs of the patient come first.” One of the reasons why Destination Medical Center was created is to ensure that the patient experience is positive, both inside and outside the walls of the clinic. But the individuals that make up the Mayo Clinic workforce – and put the patient needs ahead of their own – are what sets Rochester apart from other medical communities. But this week, Mayo Clinic was recognized for putting the needs of its employees high as well.

Take care of your employees and they’ll take care of you.

Every year, Fortune magazine publishes a list of the “100 Best Companies to Work For,” and for the 14th year in a row, Mayo Clinic has made the list. The rankings are based on the results of the Great Place to Work Institute’s employee trust survey, which evaluates companies on five factors: credibility, respect, fairness, pride, and camaraderie.

The story of Minnesota: Medical Alley and DMC

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Patient access. Innovation. Economic growth. 

If you’ve ever heard Shaye Mandle of Medical Alley Association speak, the story he shares sounds remarkably like the story of DMC. That’s because he is telling the story of Minnesota, and as home to Mayo Clinic, Rochester has long been the cornerstone of conversations related to medicine in the state and throughout the nation.

“Mayo Clinic has been one of the most important members of [the Association] since it was founded in 1984,” says Mandle, Medical Alley’s president and CEO. “They are the number one, gold standard for clinical excellence in this country.”

Growth and change: Rochester is transforming

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It’s been described as a bridge to the mission of Mayo Clinic, a hub for biomedicine, research, and technology innovation, and a new “address” for the future of life science.

No matter how you slice it, DMC’s Discovery Square sub-district will be a cornerstone of Rochester’s efforts to become America’s City for Health. A recent story by National Public Radio’s Marketplace showcases the transformation that is taking place in Rochester.