Items Tagged ‘state funding’
April 30, 2013
On second try, Mayo Clinic’s DMC plan passes Senate
It took a do-over vote, but Mayo Clinic’s quest for state dollars to help support its ambitious expansion efforts cleared a critical hurdle on Monday night. Its passage, however, was anything but easy. On the first try, the Senate tax bill, which includes roughly half a billion dollars for Mayo’s Destination Medical Center initiative, failed […]
Tags: destination medical center, DMC, do-over vote, Minnesota Legislature, Post Bulletin, state funding
April 25, 2013
House wraps $338 million for Mayo Clinic into tax proposal
The Minnesota House is giving Mayo Clinic most of what it wants. Mayo had asked for about $585 million from the state to help it reinvent Rochester, and on Wednesday the House wrapped $338 million for Mayo’s Destination Medical Center project into the $2.6 billion tax proposal it approved on a 69-64 vote. The money […]
Tags: destination medical center, DMC, Minnesota Legislature, Rochester campus, Star Tribune, state funding
April 23, 2013
Mayo boosts lobbying as funding bill advances
Rochester and private investors will have to dig deeper into their own pockets before the state puts one penny toward Mayo Clinic’s multibillion- dollar hometown makeover, lawmakers said Monday. The Senate Taxes Committee presented a pared-down version of the multimillion-dollar Mayo request Monday, similar to one the House Taxes Committee approved last week amid intensified […]
Tags: destination medical center, DMC, Lisa Clarke, private investor, Senate Taxes Committee, Star Tribune, state funding
April 16, 2013
New Mayo plan calls for less from state
A new House plan unveiled Monday, April 15, trims the amount of state support being offered for a large economic development project involving the Mayo Clinic in Rochester. Under the latest proposal, state taxpayers would provide about $338 million in support for the project, which sets a goal of solidifying Rochester’s status as a global […]
Tags: destination medical center, DMC, financial plan, Minnesota Legislature, Pioneer Press, Rep. Kim Norton, state funding
April 16, 2013
New Mayo plan calls for less from state
A new House plan unveiled Monday, April 15, trims the amount of state support being offered for a large economic development project involving the Mayo Clinic in Rochester. Under the latest proposal, state taxpayers would provide about $338 million in support for the project, which sets a goal of solidifying Rochester’s status as a global […]
Tags: destination medical center, DMC, economic development, Minnesota Legislature, Pioneer Press, Rep. Kim Norton, state funding, state support, state tax
April 15, 2013
New Mayo plan emerging at Capitol
Mayo Clinic is dropping a complicated tax plan that relies on more than $500 million in state funds to make improvements in Rochester in favor of a plan that would rely on a direct contribution from the state. The emergence of the new plan is a signal that House and Senate leaders are moving in […]
Tags: destination medical center, karl oestreich, Minnesota Legislature, MPR, state funding, state subsidy, tax plan
April 15, 2013
For Minnesota, greatness lies in two visionary health care proposals
It’s time to think big about Minnesota’s health care destiny. We stand at a crossroads…Second, the Mayo Clinic in Rochester, the state’s largest private employer, is asking for a state contribution of $500 million in order to create a $5 billion “Destination Medical Center.” Mayo is known worldwide as being synonymous with quality and innovation. […]
Tags: destination medical center, DMC, Health Care, health care proposal, investment, Minnesota Legislature, Star Tribune, state funding
April 12, 2013
New Mayo plan drops tax capture piece
A complicated tax capture plan sought by the Mayo Clinic to assist in a 20-year growth plan is being dropped in favor of state aid payments directly tied to the amount of private spending on the development. The revisions to the Mayo proposal were coming Friday in the Senate Taxes Committee. The Associated Press obtained […]
Tags: destination medical center, DMC, MPR, private spending, Senate Taxes Committee, state aid, state funding, tax capture
April 11, 2013
Blowback at the Capitol sends Mayo back to drawing board
The Mayo Clinic had a rough Wednesday at the Minnesota House, where legislators blasted the company’s CEO, insulted its hometown and nearly derailed debate on a $500 million bill over a $5 million local tax spat. Now it’s back to the drawing board for Mayo and its supporters, who are seeking $585 million from the […]
Tags: funding, Minnesota Legislature, Star Tribune, state funding, tax money
March 14, 2013
Mayo Clinic bill runs into unfriendly territory
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 […]
Tags: Mayo Clinic bill, Minneapolis-St. Paul Business Journal, public subsidy, Rep. Ann Lenczewski, state funding, taxpayer funding