Project Impact(s):
Economic Development, STEM
This project is in Available Phase
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Investments
Private: 35M
DMC: 4.9M
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Reports on: Discovery Square One
Royal Philips, an Amsterdam-based firm that works in a variety of health care markets such as medical devices and services, confirmed today that it plans to open a Med City office in the recently opened 89,000-square-foot One Discovery Square complex, on the corner of Fourth Street and Second Avenue Southwest.
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The building will be the first of several science and research complexes that could total up to 2 million square feet in the 16-block Discovery Square area.
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The DMC Corp. board approved the project Thursday, agreeing to $4.9 million in related tax-increment financing for the developer, Minneapolis-based Mortenson Co.
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The building (Building1@DSQ) aims to serve as a catalyst for Discovery Square, a 16-block area on the south end of downtown that Mayo and local officials want to develop as a life science research campus.
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M. A. Mortenson Co. will lead Mayo Clinic's development of up to 2 million square feet of research and education space in the Destination Medical Center Discovery Square district, the clinic announced today.
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Discovery Square Updates from Mortenson: (1) Project Update (2) Phase 1 Project Team (3) Connection with DMC Development Plan (4) Schedule/Next Steps
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The Mayo Clinic has been awarded $142 million in funding from the National Institutes of Health to create a research repository of biologic samples to advance precision medicine.
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Other Community News and Reports having impacts on:
Economic Development, STEM
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
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Call for inputs: Mayor Norton YouTube Messages
Vision 2050 AI-Powered Interactive Survey LINK
Mayor Norton Memo to the Public
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Presentation Slides of Education Portal for C2C Oct 9, 2024 Education Summit
Results Based Accountability
Collective Impact: Spectrum of working together
Tech Support
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September 2024 DMCC Board Update
September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo
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City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.
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The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.
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2Q 2024: June 2024; May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report
1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report
Special callouts: Women in Construction; City of Rochester Equity in Development
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Updates from NAACP with Media Links
"Example of careers they are interested in include radiology, artificial Intelligence, surgery, aeronautical engineering, psychology, sports, business administration and many more!"
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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
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DMC Updates April 29 Presentation to City Council Study Session
Transit Village
Business Development
Historic District
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Application Due April 5, 2024: Workforce Development, Inc. is seeking a friendly and professional Career Navigator to join our team.
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We invite community organizations and partners who expressed interest in the Community Partnerships to Advance Science for Society (ComPASS) initiative to participate at no cost in several opportunities hosted by CEACR.
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DMCC Board November 17, 2023 Meeting UMR Update
Presentation Slides
Video Recording
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