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.
Participants in today’s news briefing:
Lisa Clarke, DMC Administrator
Bradly Narr, M.D., DMC Medical Director
Ardell Brede, Mayor of Rochester, Minn.
Slides, full audio and other resources from today’s news briefing, are available to journalists below.