Mayo Clinic has created a new agency to oversee economic growth in its headquarters of Rochester, Minn., as part of its 20-year, $5 billion plan to remake the health system campus, according to a Minnesota Public Radio report.
That multibillion dollar plan is called "Destination Medical Center." Mayo has created the Economic Development Agency to vet private information and development plans. The body will then take the plans to the its board, which will present them for approval to the Destination Medical Center Corp., an eight-member body that includes Rochester's and Minneapolis' mayors.
The Destination part of the name is not colloquial — Mayo leaders have expressed an intent to make Rochester more attractive on an international level. "Ten years from now, there will emerge just a few medical centers with the reputation for healthcare excellence and patient-focused outcomes that will attract patients from all over the world," John Noseworthy, MD, president and CEO of Mayo Clinic, said in a release. "Mayo Clinic intends to be one of them."
Rochester and Mayo leaders have estimated a population boom over the next 20 years, with about 32,000 more residents as the clinic expands.
Patricia Simmons, chair for the Economic Development Agency, said it has launched a national search for a permanent director. The agency plans to have a board in place by the end of this year.
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