The Destination Medical Center Corporation (DMCC) Board of Directors at its May 28, 2020 meeting approved $250,000 in financial resources in response to the COVID-19 pandemic to support businesses reopening and recovery and new innovations that will enhance and grow Rochester’s economy and help small businesses. DMC will prioritize immediate investments that could be in support of long-term public infrastructure in the Destination Medical Center (DMC) district.
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.
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.”
The Destination Medical Center (DMC) investment in the Rochester community is more $6B; most of that privately funded. It is a 20-year initiative that will redesign the city creating a spillover benefit to the state of Minnesota as a whole. Rochester is home to the famed Mayo Clinic and a growing startup health technology community. The DMC will accelerate and complement what is already happening in Rochester, and will help Minnesota retain its place as the great state of everything healthcare.
The project is much more than a city planning and economic development effort as attendees at the first Board of Directors Senior Executive Briefing learned on February 17th at our Medical Alley Association (MAA) headquarters. Lisa Clarke, Executive Director of the DMC and Patrick Seeb, the head of economic development, delivered a briefing to approximately 40 guests of the MAA board, laying out the details of the enormous DMC effort, providing the why and the how.