- By Dana Sparks
Media Briefing: Destination Medical Center
In an audio news briefing today, Mayo Clinic and Rochester officials gave an overview on Destination Medical Center, a $5 billion economic development initiative to secure Minnesota's status as a global medical destination center now and in the future. Current projected benefits to Minnesota from Mayo Clinic and related DMC expansion over 20 years include:
- Total economic impact to Minnesota exceeding $45 billion, including $30 billion in direct spending.
- 35,000 to 45,000 new jobs in Minnesota, including 25,000 to 30,000 expansion-related positions in southeast Minnesota.
- 1,800–2,200 construction jobs per year. Most will be union/trades.
- $2.5 billion to $3 billion in additional tax revenue to the state of Minnesota from personal income, sales, other state taxes over the 20-year period; an additional $300 million in new local and other tax revenue.
Slides, full audio and other resources from today's news briefing, are available to journalists below.