Destination Medical Center Corp. board members, along with the DMC Economic Development Agency executive director, will answer questions about the first five years and future of the 20-year initiative Thursday.
In the City for Good, a grassroots community organization seeking to address issues amid city growth, is holding an online conversation at 6 p.m. Thursday.
DMC is an economic development initative that aims to make Mayo Clinic a global destination for health and wellness. In its first five years, the DMC initiative has helped create 7,700 new jobs, with $1.1 billion in private documented investment.
The DMC initiative was born from 2013 legislative action that allocated up to $585 million in public funds, based on private investment. Up to $411 million will come from the state, with the city providing $128 million and Olmsted County earmarking $46 million to help fund transit-related projects.
So far, the city has provided $59 million, and the county has provided $10.5 million. The state has released nearly $43.4 million in infrastructure aid since the DMC effort began, with the first payment made in 2017.
On Thursday, Patrick Seeb, the DMC EDA executive director, will join members of the state board that oversees the effort to discuss what has happened and what is expected to happen in the next five years.
Board members will include Rochester Kim Norton, who serves as the state board’s vice chairwoman; Rochester City Council President Brooke Carlson; and Paul Williams, president and CEO of Project for Pride in Living. DMCC Board Chairman R.T. Rybak, president and CEO of the Minneapolis Foundation, also is expected to attend.
The forum will be streamed on the In the City for Good Facebook page and will be available through a Zoom link: https://zoom.us/j/87347513430?pwd=RkI1eDQ0azZYeldlZnRwbWNHMkVhZz09
Potential questions for forum participants can be submitted to firstname.lastname@example.org by noon Wednesday for consideration.
Thursday’s forum will follow a board meeting that morning, which will review the DMC audit for 2020, as well as updates on a variety of projects.
The DMCC board meeting starts at 9:30 a.m. Thursday. It will be available online at https://us02web.zoom.us/j/89262414353. Audio of the meeting can also be accessed by calling (888) 788-0099 and entering meeting ID -- 892 6241 4353 -- when prompted.