- By Dana Sparks
Rochester, Olmsted County, Mayo Clinic Celebrate Passage of DMC Bill
Leaders from the City of Rochester, Olmsted County and Mayo Clinic are applauding the passage of the Destination Medical Center (DMC) legislation and thanking the bill authors, legislative leaders and Governor Dayton for their support for this major economic development initiative. The legislation, passed earlier this week as part of the final tax bill, provides the finance tools necessary to fund the public infrastructure required to keep pace with the estimated $5 billion private investment by Mayo Clinic and other private entities over the next 20 years aimed at securing Rochester and Minnesota as a global medical destination into the future.
Rochester Mayor Ardell Brede, says, “We now have the tools in place from the state and at the local level to move this initiative forward and begin to leverage the commitment of private capital by Mayo Clinic and others into our community. This is an exciting day for the future of Rochester, and we look forward to the next steps of community engagement and implementation as the plan is developed further and begins to come to life.”
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