Role of EDA
The non-profit DMC Economic Development Agency (EDA) is an economic development corporation formed by the Mayo Clinic and authorized by the DMC state statute to provide services to the DMCC to secure the City of Rochester's and Minnesota's future as a global, premier medical destination and to further the Mayo Clinic's mission by providing the ideal patient, companion, visitor and community member experience.
Primary functions of the EDA include:
- Assisting the DMCC in developing and marketing the DMC;
- Collaborating with the City, County and other community representatives;
- Working with private developers to help facilitate private investments that support the DMC vision;
- Providing services to assist the DMCC and City in implementing the goals, objectives and strategies in the Development Plan.
Jerry Bell, Former president, Minnesota Twins
Jerry Bell has been a member of the Minnesota Twins' organization for many years, serving as the team's president from 1987-2002, and then appointed president of Twins Sports Inc. and spearheaded the team's campaign to get a new ballpark.
Mr. Bell's efforts led to Target Field becoming a reality, and he also helped the Twins move its Spring Training headquarters from Orlando to Fort Myers, Fla., home of the Lee County Sports Complex.
He served as executive director of the Metropolitan Sports Facilities Commission, which he joined upon its inception in 1977. Mr. Bell has also served as a member of Major League Baseball's Professional Baseball Association Committee/Baseball Operations Committee and the Hall of Fame Veterans Committee.
Lisa Clarke, Executive Director, DMC Economic Development Agency, Liaison to Mayo Clinic DMC Oversight Committee
Ms. Clarke is Division Chair in the Mayo Clinic Department of Public Affairs responsible for Community Engagement. She is also the administrator for the Destination Medical Center (DMC) initiative, working in partnership with the Rochester community.
Ms. Clarke provides leadership and strategic direction to Mayo Clinic’s public affairs and community engagement activities.
She serves on various community boards, Mayo Clinic committees and strategic community groups.
Patricia S. Simmons, M.D., Board Chair, DMC Economic Development Agency, DMC physician lead, Mayo Clinic
Dr. Simmons is a physician and professor of Pediatrics in the Department of Pediatrics and Adolescent Medicine at Mayo Clinic.
Among her responsibilities in leadership at Mayo Clinic, she serves as Executive Medical Director for Health Policy and Destination Medical Center and directs Mayo Clinic Abroad.
At Mayo Clinic, she has served on the Executive Committee of the Board of Trustees and the Board of Governors, and as Chair of the Executive Board of Mayo Medical Ventures.
Dr. Simmons has also served as chair of the Board of Regents of the University of Minnesota. She serves on the Boards of the Guthrie Theater, University of Minnesota Foundation, the Minnesota Chamber of Commerce, and Greater MSP.
Gary Smith, CEcD, Olmsted County resident, president, Rochester Area Economic Development Inc. (RAEDI)
Mr. Smith started his economic development career in 1978 with the Southeast Iowa Regional Planning Commission serving in planning roles as well as its Executive Director followed by serving as Executive Director of the Keokuk Chamber of Commerce and Keokuk Industrial Development Corporation. In 1989 he assumed his current position as President of Rochester Area Economic Development Inc.
During his career Gary has negotiated and facilitated hundreds of business development projects ranging from business startups, retention and expansion of existing businesses, as well as the location of Fortune 500 firms.
Wendy Warren Wood, Rochester resident, Senior Investment Manager at University of Minnesota Foundation Investment Advisors
Ms. Wood is Senior Investment Manager at University of Minnesota Foundation Investment Advisors where she assists in asset allocation, due diligence and manager selection of the portfolio. Previously, She was a Principal at The Lionstone Group, a private equity real estate firm in Houston, Texas. From 1995 to 2007 she served as Senior Investment Officer at Mayo Clinic where she helped manage the Mayo Clinic portfolio of endowment and defined benefit pension assets.
Ms. Wood is currently a Director on the International Board of Directors of Juvenile Diabetes Research Foundation (JDRF) where she chairs the Investment Committee.
Sri Zaheer, Ph.D., Dean, University of Minnesota Carlson School of Management
Dr. Zaheer is Dean of the Carlson School of Management at the University of Minnesota, where she holds the Elmer L Andersen Chair in Global Corporate Social Responsibility. She is a Fellow of the Academy of International Business and a former consulting editor of the Journal of International Business Studies.
Dr. Zaheer has worked for major multi-international corporations, including Novartis and the Tatas in India. She has also lived and worked for several years in Nigeria as a Nigerian correspondent for Business International.