Items Tagged ‘public subsidy’

March 14, 2013

Mayo Clinic bill runs into unfriendly territory

By Logan Lafferty loganlafferty

The Mayo Clinic’s multibillion-dollar expansion, which relies on a hefty dose of state funding, has its supporters, but one of them isn’t Ann Lenczewski. And she’s the one running the Minnesota House committee that the clinic’s plan has to get through. Rep. Lenczewski, DFL-Bloomington,blasted Mayo’s request for $500 million in taxpayer funding as a “massive public subsidy” that would raise […]

View full entry

Tags: Mayo Clinic bill, Minneapolis-St. Paul Business Journal, public subsidy, Rep. Ann Lenczewski, state funding, taxpayer funding


March 14, 2013

Heard on the Street: Mayo Clinic’s Business Accelerator tenants rolling along

By Logan Lafferty loganlafferty

At the start of this month, the new Mayo Clinic Business Accelerator was launched in downtown Rochester as a publicly-subsidized, low-cost space to nurture early start-up companies to help them grow into local job-generating firms. Right now, the nine tenants with signed leases are paying a total of $3,000 a month, or $1.20 per square foot, for […]

View full entry

Tags: local jobs, Mayo Clinic Business Accelerator, Post Bulletin, public subsidy, start-up companies


March 13, 2013

Mayo Clinic bill called ‘massive public subsidy’ by Minnesota House tax panel chair

By Logan Lafferty loganlafferty

The chair of the House Tax Committee blasted plans to spend more than $500 million in taxpayer funds on infrastructure projects in Rochester to support growth at the Mayo Clinic…”It’s allowing one developer to carve out the income and sales taxes in the city of Rochester for their benefit,” Lenczewski said. “That means a tax […]

View full entry

Tags: House Tax Committee, infrastructure, Mayo Clinic bill, Pioneer Press, public subsidy, taxpayer funds


February 7, 2013

Mayo Clinic expansion bill introduced

By Logan Lafferty loganlafferty

A bill that would give the Mayo Clinic $585 million in taxpayer money to develop downtown Rochester has been introduced at the Legislature…Rep. Kim Norton, DFL-Rochester, is the chief author of the House bill. She says the public subsidy is needed to support Mayo’s private spending. “It’s going to be kind of fast and furious in the […]

View full entry

Tags: downtown Rochester, MPR, private spending, public subsidy, Rep. Kim Norton, taxpayer money


Contact Us · Privacy Policy