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DMC 2025 Budgets

 Impact Lvl 1: Funding ; Governance/Public Policy
Public Pinned Report on Destination Medical Center (DMC) led by DMC EDA
Last modified: October 16, 2024

Contents

Highlights


2025 Budget and Workplan September DMCC Board Meeting

City Council Oct 2024 on DMC 2025 Budget

 

Contents


2025 Plan Per September 2024 DMCC Board Meeting

 

2025 DMC CIP, Work Plan and Operating Budget

 

 

 

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Video Clip

 

 

 

Video Clip Loop Note: The above is a 60 sec or so YouTube video clip loop of the topic. To view more, hover on the clip and click Watch full video.

 

 

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October 7, 2024 City Council Meeting 

 

Memo

 

 

 

 

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Details

 

 

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PB Report 9/26/2024

 

  • The Destination Medical Center initiative is planning nearly $38.5 million in project spending next year.
  • The majority of planned spending next year revolves around work related to Rochester’s planned Link Rapid Transit project, which will create a 2.8-mile downtown transit route with dedicated stations along Second Street Southwest.. Nearly $12.4 million in Olmsted County and state transit aid funds are expected to be spent as construction starts on the $143 million Link project, which will include the creation of stations as dedicated stops, along with hubs at each end of the route. Another $1 million is being dedicated to potential infrastructure support at the western end of the transit system, which is expected to add housing and commercial space on what is now Mayo Clinic’s east shuttle lot.
  • The spending plan also includes $1 million for public infrastructure expenses related to Mayo Clinic’s $5 billion "Bold. Forward. Unbound. in Rochester" expansion project.
  • The 2025 plan earmarks $2.5 million for work along Sixth Street, which will serve as part of the local match for a $10 million federal grant that will fund a Sixth Street Bridge over the Zumbro River.
  • Management of DMC efforts is also expected to include $1.6 million from Mayo Clinic for operations and $1.4 million from the city of Rochester.

 


 

 

  

 

Related Reports


 

Other Latest 10 Destination Medical Center (DMC) Pinned Reports


October 16, 2024 : 2024 Destination Medical Center Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting



February 12, 2024 : Destination Medical Center (DMC) Investment Metrics Slow Down Trend
Impact Lvl1: Biotec, Business Process, Economic Development, Housing, Metrics, Sustainability
Impact Lvl2:

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting



December 13, 2023 : 2H 2023 Destination Medical Center (DMC) Meeting Informaiton
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

November DMCC Meeting Info 

September DMCC Meeting Info

May DMCC Meeting Info 



October 01, 2023 : Destination Medical Center 3Q 2023 Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

1. September 2023 DMCC Board Meeting:

2. Meeting Package,

3. Meeting Slides,

4. Video Recording 

5. Breakouts



March 23, 2023 : 1Q 2023 Destination Medical Center (DMC) Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

March 2023 Executive Committee Meeting;

Feb 9 2023 DMCC Board Meeting and City, County, DMC Collaborative Session



November 12, 2022 : Destination Medical Center (DMC)
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

November 2022 DMCC Board Meeting: notable topics: Experience Metrics,  Soldier Fields, Equitable development, Discovery square, Heart of the City



November 11, 2022 : Destination Medical Center (DMC)
Impact Lvl1: Arts & Culture, Diversity and Inclusion, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

November 2022 DMCC Meeting: Featuring Equity Development 



October 01, 2022 : Destination Medical Center (DMC)
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

September 2022 DMCC Board Meeting



September 13, 2022 : DMC Information
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

July 2022 Destination Medical Center Information Sheet.  



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Latest 10 Pinned DMC EDA organization and project reports


. Project Report of Destination Medical Center (DMC) : October 16, 2024 : 2024 Destination Medical Center Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting



Project Report of BioRochester and MedHub 3.0 : May 27, 2024 : DMC's BioRoch effort to Collaborate with MN MedTech 3.0
Impact Lvl1: CMRC, Diversity and Inclusion, Economic Development, Funding, OpenBeam, STEM, Technology Enablement, Workforce Development
Impact Lvl2:

DMCC Board Updates:

1. May 2024 Status Memo to DMCC Board  

2. Feb 2024 DMCC Board Meeting: Video Clip of Discussion at Feb 1 2024 DMCC Board - DMC part of MedTech 3.0; Memo to DMCC

3. Nov. 2023 Video Clip of Discussion at DMCC Board Meeting about MN MedTech 3.0 Description and Webinar

References: US DEA Tech Hub Awardees 



Project Report of Destination Medical Center (DMC) : February 12, 2024 : Destination Medical Center (DMC) Investment Metrics Slow Down Trend
Impact Lvl1: Biotec, Business Process, Economic Development, Housing, Metrics, Sustainability
Impact Lvl2:

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting



Project Report of Destination Medical Center (DMC) : December 13, 2023 : 2H 2023 Destination Medical Center (DMC) Meeting Informaiton
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

November DMCC Meeting Info 

September DMCC Meeting Info

May DMCC Meeting Info 



Project Report of Two Discovery Square : November 30, 2023 : Discovery Square Shared Lab Infastructure
Impact Lvl1: Economic Development, STEM
Impact Lvl2:

A shared lab space for a community of like-minded entrepreneurs associated with one or more academic research partners



Project Report of BioRochester and MedHub 3.0 : October 23, 2023 : CMRC Support of Formation of a BioRochester Consortium
Impact Lvl1: CMRC, Economic Development, Funding, OpenBeam, STEM, Technology Enablement, Workforce Development
Impact Lvl2:

1. October 23, 2023 EDA Tech Hubs Awardees Announcement

2. Video Clip from CMRC August Mtg; CMRC Letters of Support; References: BioRochester Review meeting video; Summary of Draft 3 BioRochester Plan, and Final Grant Submission



Project Report of Destination Medical Center (DMC) : October 01, 2023 : Destination Medical Center 3Q 2023 Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

1. September 2023 DMCC Board Meeting:

2. Meeting Package,

3. Meeting Slides,

4. Video Recording 

5. Breakouts



Project Report of BioRochester and MedHub 3.0 : August 10, 2023 : Rochester MSA Applying for Tech Hubs Grant Review Meeting
Impact Lvl1: CMRC, Diversity and Inclusion, Economic Development, Funding, OpenBeam, STEM, Technology Enablement, Workforce Development
Impact Lvl2:

Video Recording of Draft Review Session



Project Report of Destination Medical Center (DMC) : March 23, 2023 : 1Q 2023 Destination Medical Center (DMC) Reports
Impact Lvl1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity
Impact Lvl2:

March 2023 Executive Committee Meeting;

Feb 9 2023 DMCC Board Meeting and City, County, DMC Collaborative Session



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Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Links to Beam sub-sites 
Sample of Beam sub-sites: