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Board adjusts DMC investment total

Randy PetersenMay 26, 2019

An added $140,000 in reported 2018 private investment could add $3,850 to the state’s release of Destination Medical Center funds this year.

The DMC Corp. board approved an update this week to the annual report of private investment to the Minnesota Department of Employment and Economic Development. It increased the documented amount to $262 million.

The need for a change was reportedly discovered when DEED representatives visited Rochester following the filing of the April 1 report.

If approved, the state could confirm the release of approximately $13.5 million in DMC infrastructure funds this fall.

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