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Last modified: February 12, 2024
Highlights
Feb 1, 2024 DMCC Board Meeting
Private investment metrics
Contents
From DMCC Feb 1, 2024 Board Meeting Presentation
Private Investment Metrics
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BY RANDY PETERSEN Post Bulletin
"
ROCHESTER — A preliminary report shows private investment in Destination Medical Center has continued to drop ahead of Mayo Clinic’s plans for a $5 billion expansion.
“We have noticed a slowdown in non-Mayo private investment, so we started monitoring that a few years ago,” said Michael Flynn, the DMC Economic Development Agency’s senior director of economic development.
While the annual report on private investment isn’t due to the Minnesota Department of Employment and Economic Development until April 1, Flynn recently told the state DMC Corp. board that the 2023 reported private investment outside of Mayo Clinic projects appears to be “just under $13 million.”
“We haven’t published that yet, but that’s what we think it’s going to end up,” he said.
It’s down from nearly $26.5 million reported in 2022, and a high of approximately $135 million in 2018.
While declining since 2019, the cumulative investment thus far by Mayo Clinic and other developers since 2013 remains on the low end of a range projected at the start of the initiative, with a combined $1.46 billion.
“The pandemic was also in that timeline, which was not anticipated at the beginning of the modeling for DMC,”
Rochester Mayor Kim Norton pointed out during the recent discussion.
"
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Related Reports
Other Destination Medical Center (DMC) Pinned Reports
December 13, 2023 : 2H 2023 Destination Medical Center (DMC) Meeting Informaiton
October 01, 2023 : Destination Medical Center 3Q 2023 Reports
March 23, 2023 : 1Q 2023 Destination Medical Center (DMC) Reports
November 12, 2022 : Destination Medical Center (DMC)
November 11, 2022 : Destination Medical Center (DMC)
October 01, 2022 : Destination Medical Center (DMC)
September 13, 2022 : DMC Information
June 25, 2022 : May 18, 2022 DMCC Board Meeting
February 05, 2022 : Destination Medical Center (DMC) 2022 Reports
November 14, 2021 : Destination Medical Center (DMC) 2H 2021 Meetings
May 20, 2021 : Destination Medical Center (DMC) 2021 Meeting Info
February 03, 2021 : Destination Medical Center (DMC) Joint Session
November 21, 2020 : November 2020 DMCC Board Meeting
November 19, 2020 : Destination Medical Center (DMC) Plan 5 Year Update
November 12, 2019 : Destination Medical Center (DMC) 2020 and 2019 Workplans
September 26, 2019 : Destination Medical Center (DMC) September 2019
February 02, 2017 : Rochester DMC District Design Guidelines
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Pinned DMC EDA organization and project reports
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Project Report of BioRochester and MedHub 3.0 : February 07, 2024 : DMC's BioRoch effort to Collaborate with MN MedTech 3.0
Project Report of Destination Medical Center (DMC) : December 13, 2023 : 2H 2023 Destination Medical Center (DMC) Meeting Informaiton
Project Report of Two Discovery Square : November 30, 2023 : Discovery Square Shared Lab Infastructure
Project Report of BioRochester and MedHub 3.0 : October 23, 2023 : CMRC Support of Formation of a BioRochester Consortium
Project Report of Destination Medical Center (DMC) : October 01, 2023 : Destination Medical Center 3Q 2023 Reports
Project Report of BioRochester and MedHub 3.0 : August 10, 2023 : Rochester MSA Applying for Tech Hubs Grant Review Meeting
Project Report of Destination Medical Center (DMC) : March 23, 2023 : 1Q 2023 Destination Medical Center (DMC) Reports
Project Report of America's City for Health : February 25, 2023 : Use of "America City for Health" as moniker to attract DMC investment
Project Report of Adminstration of Rochester's 3.12M award from Minnesota Main Street Economic Revitalization Program : December 21, 2022 : Administration of Rochester's 3.12M award from Minnesota Main Street Economic Revitalization Program
Project Report of Destination Medical Center (DMC) : November 12, 2022 : Destination Medical Center (DMC)
Project Report of Destination Medical Center (DMC) : November 11, 2022 : Destination Medical Center (DMC)
Project Report of DMC Discovery Square : November 11, 2022 : DMC Discovery Square Design Process
Project Report of Destination Medical Center (DMC) : October 01, 2022 : Destination Medical Center (DMC)
Project Report of Destination Medical Center (DMC) : September 13, 2022 : DMC Information
Project Report of Destination Medical Center (DMC) : June 25, 2022 : May 18, 2022 DMCC Board Meeting
Project Report of Discovery Walk Co-designing : May 09, 2022 : Community Co-Design Toolkit
Project Report of Destination Medical Center (DMC) : February 05, 2022 : Destination Medical Center (DMC) 2022 Reports
Project Report of America's City for Health : January 22, 2022 : ACH 2022 Info Log
Project Report of Destination Medical Center (DMC) : November 14, 2021 : Destination Medical Center (DMC) 2H 2021 Meetings
Project Report of Discovery Walk Co-designing : May 27, 2021 : Discovery Walk
Project Report of Destination Medical Center (DMC) : May 20, 2021 : Destination Medical Center (DMC) 2021 Meeting Info
Project Report of Destination Medical Center (DMC) : February 03, 2021 : Destination Medical Center (DMC) Joint Session
Project Report of Discovery Walk Co-designing : December 10, 2020 : Co-designing of Discovery Walk Concept
Project Report of Destination Medical Center (DMC) : November 21, 2020 : November 2020 DMCC Board Meeting
Project Report of Bus Rapid Transit (2nd Street SW Link) : November 20, 2020 : DMC Transportation Plan - Circular
Project Report of Destination Medical Center (DMC) : November 19, 2020 : Destination Medical Center (DMC) Plan 5 Year Update
Project Report of Two Discovery Square : February 07, 2020 : Discovery 2 Status per Feb 2020 DMCC
Project Report of Discovery Walk Co-designing : January 24, 2020 : America’s Community for Health Meeting News
Project Report of America's City for Health : December 20, 2019 : 2019 Community for Health Workgroup Log
Project Report of Destination Medical Center (DMC) : November 12, 2019 : Destination Medical Center (DMC) 2020 and 2019 Workplans
Project Report of DMC Discovery Square : October 01, 2019 : DMC Discovery Square Design Process
Project Report of Destination Medical Center (DMC) : September 26, 2019 : Destination Medical Center (DMC) September 2019
Project Report of Bus Rapid Transit (2nd Street SW Link) : September 26, 2019 : Destination Medical Center Corporation Board Green Lights Mobility Hub Locations in Rochester
Project Report of America's City for Health : February 22, 2019 : DMC EDA Community Health Workgroup
Project Report of Destination Medical Center (DMC) : February 02, 2017 : Rochester DMC District Design Guidelines
Project Report of DMC Dashboard : August 27, 2016 : DMC Dashboard With Data
Project Report of America's City for Health : January 31, 2016 : Olmsted County Public Health, Pete Giesen, presents to CNG regarding health-based policies
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