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Home My WebLink About8/25/2016 DMCC Board Meeting - Metrics for 2015DRAFT 8/24/2016 DMC Metrics Dashboard Goals Comprehensive Strategic Plan Create a comprehensive strategic plan with a compelling vision that harnesses the energy and creativity of the entire community. Attract Private Investment Leverage the public investment to attract more than $5 billion in private investment to Rochester and the region. Create Jobs & Generate Tax Revenue Strengthen the local economy. Become the Destination for Health & Wellness Achieve the highest quality patient, companion, visitor, employee, and resident experience, now and in the future. Destination Medical Center Destination Medical Center (DMC) is a one-of-a-kind, $5.6 billion economic development initiative in Rochester, Minnesota. It is the largest public-private partnership in state history, designed to position Minnesota as a global center for the highest quality medical care and to generate high-value jobs, new tax revenue, and businesses. The DMC Development plan was adopted in April 2015 and the Destination Medical Center Economic Development Agency (DMC EDA) was formed to provide the staffing and services to support the Destination Medical Center Corporation and to implement the DMC Development plan, working with the City of Rochester. DMC Mission With Mayo Clinic at its heart, the Destination Medical Center (DMC) initiative is the catalyst to position Rochester, Minnesota as the world’s premier destination for health and wellness; attracting people, investment opportunities, and jobs to America’s City for Health and supporting the economic growth of Minnesota, its bioscience sector, and beyond. DMC Metrics Dashboard: Year 1 The DMC EDA has created the DMC Metrics Dashboard to follow a set of indicators that will demonstrate the success of the mission and vision of the DMC initiative. The 2015 DMC Metrics Dashboard provides baseline data from which to measure annual indicator changes. DMC EDA retained Wilder Research on the creation and data population of the DMC Metrics Dashboard. About the Dashboard The DMC Metrics Dashboard uses a set of goals, outcomes, and indicators to showcase the impact that the DMC initiative has on the DMC District, the City of Rochester, and the State of Minnesota over time. Goals: Five goals of the DMC Development Plan, which have been consolidated into four dashboard goals for ease of data collection and reporting, are the foundation of the DMC Metrics Dashboard. Outcomes: Quantifiable results that will demonstrate the achievement of the DMC goals. Indicators: Reliable data sources that will illustrate realization of the outcomes. DMC Metrics Dashboard 2015 1 2 3 4 DRAFT 8/24/2016 Indicator Baseline 2012 2014/2015 Geography Outcome: Rochester-area citizens are informed and engaged in on-going DMC planning Public Meetings Convened by DMC 0 – / 11 City of Rochester DMC-Hosted Events 0 – / 15 City of Rochester Presentations by DMC Staff and Ambassadors – – / 126 City of Rochester in Community Meetings Community Engagement Via Social Media and Web – – / 39,200 NA (Facebook & Twitter followers, website visitors) Hosted Community Leader/Stakeholder Meetings – – / 12 City of Rochester Outcome: Government officials are informed and engaged in on-going DMC planning Meetings With State Legislators, County Minnesota Commissioners, and Other Officials – TBD Olmsted County City of Rochester Comprehensive Strategic Plan Create a comprehensive strategic plan with a compelling vision that harnesses the energy and creativity of the entire community 1GOAL 10 Board Meetings, 1 Public Meeting and Public Input (Primarily on the Development Plan) Trolley Tours, Supplier Diversity, Economic Development Summit, Ribbon Cutting, Gabe Klein, Ambassador Luncheon, Entrepreneur Roundtable, Best Practice Trip (Madison) 122 Presentations, 4 DMC Gatherings 3,200 Facebook followers, 2,500 twitter followers and 33,500 website visitors 11 Community meetings, 4 Market Rochester, 6 Community Leaders, 1 Community Breakfast Attract Private Investment Leverage the public investment to attract more than $5 billion in private investment to Rochester and the region 2GOAL Indicator Baseline 2012 2014/2015 Geography Outcome: Public support will be used to leverage more than $5.0B of Private Investors in DMC over time Private Investment (annual amount) – – / $85.7 M DMC District Outcome: $585.0 Million in contributions from the state and local governments over 20 years City of Rochester Contribution – $9.85 M / TBD DMC District Outcome: Entrepreneurial activity increases Number of Business Establishments in Discovery Square – – DMC District Patent Filings by Mayo – – / 111 Olmsted County DMC Metrics Dashboard 2015DRAFT 8/24/2016 Indicator Baseline 2012 2014/2015 Geography Outcome: Impactful Real Estate development will increase in DMC district Health & Bio-Tech (quare feet) – TBD / 9.6 M DMC District + Mayo Retail & Office (square feet) – TBD / 15.4 M City of Rochester Hotel (keys) 5,270 5,419 / 5,706 DMC District Residential (units) – – / 46,231 City of Rochester Outcome: New businesses are established in each DMC district Chamber Business Members – – / 1,495 Greater Rochester Area New Business Establishments – TBD DMC District 112K Bio Business + Mayo 9,513,389 (as of 2011 5 year plan) Chamber of Commerce (95% of businesses are in Olmsted county) Create Jobs and Generate Tax Revenue Create approximately 35,000 new jobs, with workforce development strategies that support that growth. 3GOAL Indicator Baseline 2012 2014/2015 Geography Outcome: Create approximately 35,000 new jobs in the Rochester area over 20 years Total Employment 2.6 M 2.7 M / TBD Minnesota 91,020 92,345 / TBD Olmsted County 85,144 86,102 / TBD City of Rochester 36,516 36,823 / TBD DMC District Employment in Healthcare and Social Services 435,386 454,509 / TBD Minnesota 40,325 40,266 / TBD Olmsted County 39,897 39,829 / TBD City of Rochester 29,516 29,837 / TBD DMC District Employment in Educational Services 216,094 218,917 / TBD Minnesota 4,680 5,122 / TBD Olmsted County 3,852 4,225 / TBD City of Rochester 250 TBD DMC District Employment in Leisure and Hospitality 261,491 269,420 / TBD Minnesota 7,983 8,309 / TBD Olmsted County 7,469 7,799 / TBD City of Rochester 1,983 2,138 / TBD DMC District Employment in Professional, Scientific, and Technical Services 131,386 141,736 / TBD Minnesota 1,562 1,558 / TBD Olmsted County 1,475 1,460 / TBD City of Rochester 485 469 / TBD DMC District DRAFT 8/24/2016 Outcome: Generate approximately $7.5 - $8.0 billion in new net tax revenue over 35 years State Tax Revenues $14.6 B TBD Minnesota County Tax Revenues $579 M TBD Olmsted County City Tax Revenues – TBD City of Rochester School District Tax Revenues – TBD City of Rochester Become the Destination for Health & Wellness Achieve the highest quality patient, companion, visitor, employee, and resident experience, now and in the future 4GOAL Indicator Baseline 2012 2014/2015 Geography Outcome: More people visit Rochester Annual Total of Hotel Stays (rooms booked) 1.1 M 1.2 M / 1.3 M City of Rochester Average Hotel Occupancy (percent of available rooms booked) 57.9% 62.1% / 61.9% City of Rochester Number of Rooms Available to Rent 5,270 5,419 / 5,706 City of Rochester Number of Convention Center Events 358 367 / 274 City of Rochester Number of Convention Center Attendees 316,312 303,087 / 288,603 City of Rochester Number of “National Patients” – – / 115,748 DMC District Indicator Baseline 2012 2014/2015 Geography Outcome: Create approximately 35,000 new jobs in the Rochester area over 20 years Employment in Construction 101,595 114,261 / TBD Minnesota 2,926 3,359 / TBD Olmsted County 2,070 2,299 / TBD City of Rochester 220 228 / TBD DMC District Construction MBE Goals – TBD DMC District Established Business With Satellite Offices – TBD DMC District Number of Higher Education Students (2 year and 4 year institutions) 10,628 TBD City of Rochester Number of Workforce Development Programs – 7 / TBD City of Rochester Programs: RochesterWorks, Rochester Area Chamber of Commerce, DEED, SMIF, SE MN Together, J2G, CEDA Education Minnesota Department of Revenue Minnesota Department of Revenue (National: Patients from outside of a 120 mile radius) DRAFT 8/24/2016 Outcome: Increase recreational and leisure opportunities Arts and Culture Events 663 790 / 893 City of Rochester Arts and Culture Event Attendees 449,585 358,156 / 494,376 City of Rochester Sporting Events 69 73 / 80 City of Rochester Sporting Event Attendees 92,700 118,900 / 114,550 City of Rochester Outdoor Recreation: Number of Parks 112 TBD City of Rochester 5 TBD DMC District Outdoor Recreation: Park Acreage 3,661 TBD City of Rochester 60.3 TBD DMC District Outdoor Cafes in the DMC District – TBD DMC District Indicator Baseline 2012 2014/2015 Geography Outcome: Create a healthier environment for residents, patients, and visitors Obesity Rate 25.7% 25.5% / 27.6% Minnesota – – / 28% Olmsted County Diabetes Rate 7.3% 7.4% / 8.1% Minnesota – 13% / TBD Olmsted County Vaccination Rate (Childhood Vaccination Series) – TBD Minnesota – 82% / TBD Olmsted County Number of Park & Rec Activities (or programs) – TBD City of Rochester Number Participating in Park and Rec Activities – TBD City of Rochester Nice Ride Usage (biking) – TBD DMC District Percentage of Days Air Quality is “Good” 76.6% 85.5% / 89.5% Olmsted County Energy from Renewable Hydro Sources (Mega Watt Hours) 13,032 12,749 / 12,835 City of Rochester Energy from Renewable Photovoltaic Sources: – 33 / 56 City of Rochester Net Metering Customers Energy from Renewable Wind Sources: – 0.003 / 0.003 City of Rochester Net Metering Customers Outcome: History is protected Number on National Register of Historic Places within Rochester 14 TBD City of Rochester DRAFT 8/24/2016 Indicator Baseline 2012 2014/2015 Geography Proportion of Residents With a Commute Time of Less Than 30 Minutes 70% 68.4% / TBD Minnesota 88.1% 87.4% / TBD Olmsted County 89.3% 90.6% / TBD City of Rochester Transit System Ridership 1.74 M 1.67 / 1.8 M City of Rochester Number of Transit Stops 590 – / 616 City of Rochester Transit Weekday Operation Run Time (hours per day) TBD – / 12.5 City of Rochester Outcome: Housing options are affordable for all ranges of incomes Share of Households Paying Less Than 30% of Their Income for Housing 69.9% 71.7% / TBD Minnesota 74.2% 76.5% / TBD Olmsted County 73.7% 74.7% / TBD City of Rochester Share of Homeowners Paying Less Than 30% of Their Income for Housing 76.7% 79.2% / TBD Minnesota 82.5% 84.6% / TBD Olmsted County 83.9% 84.5% / TBD City of Rochester Share of Renters Paying Less Than 30% of Their Income for Housing 51.8% 51.7% / TBD Minnesota 50.6% 53.7% / TBD Olmsted County 49.0% 52.3% / TBD City of Rochester Sources: Minnesota Department of Employment and Economic Development, Quarterly Census of Employment & Wages, Longitudinal Employer-Household Dynamics, Integrated Postsecondary Education Data System, National Center for Education Statistics, United States Department of Education, Minnesota Department of Revenue, Property Tax Division, Rochester MN Convention and Visitor’s Bureau, Rochester Parks and Recreation, Centers for Disease Control and Prevention, Behavioral Risk Factor Surveillance System, Us Department of Energy, Rochester Public Utilities, History Center of Olmsted County, U.S. Census Bureau, Decennial Census, American Community Survey 5-year estimates, City of Rochester, Rochester Area Economic Development, Inc., Rochester Area Chamber of Commerce, MN Key: – Data was not found TBD To Be Determined Outcome: Improved transportation system DRAFT 8/24/2016 Context Data DRAFT 8/24/2016 Context Data DRAFT 8/24/2016