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BUSINESS NEWS FIRST PHASE OF AMERICA’S NEXT LIFE SCIENCE CORRIDOR BEGINS World-leading biomedical and life science research and innovation will soon have a new home. Mortenson, Destination Medical Center, State of Minnesota, and local leaders broke ground on the first of several planned new facilities within the 16-city-block Discovery Square sub-district, a keystone of Rochester’s $5.6 billion DMC initiative. Discovery Square will unite doctors and researchers in a one-of-a-kind campus to explore and bring innovative new discoveries to patients and the market faster. Discovery Square was designed by the team of RSP Architects and HOK , two of the leading healthcare design firms in the world. The first phase is a four-story, approximately 90,000 square-foot building designed to support the acceleration and translation of the most promising health-related therapies and technologies. Mortenson announced last summer that Mayo Clinic is the first anchor tenant and will lease 30,000 square feet across three floors to help establish a one-of-a-kind ecosystem among research and innovation leaders. Mortenson is currently in talks with other prospective tenants, ranging from startups to large multinational leaders in health, science, and technology. “The DNA of this building and Discovery Square is the innovation, collaboration, and translation of science and discovery,” said David Mortenson, chairman, Mortenson. “A complementary tenant mix will have the opportunity to work alongside the best and brightest in Rochester on real-world, life-changing solutions. It will enhance connectivity and enable high-level collaboration to share ideas and test and deliver new products. We are truly excited about the purpose of this facility, its programming and its role within the greater Destination Medical Center vision.” “Discovery Square will be the place where Minnesota’s next generation of medical start- ups will want to be. It will create new opportunity for jobs, innovation, and economic growth, and represents a major step toward fulfilling our mission of building America’s City for Health,”

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said Lt. Governor Tina Smith, chair of the DMC Corporation Board of Directors. “I thank Mortenson, Mayo Clinic, and the Rochester community for their work on the Discovery Square project. This is great news for Rochester and our state.” “Mayo Clinic has been a worldwide leader in patient care, education, and research for more than 150 years,” stated John Noseworthy, M.D., president and CEO of Mayo Clinic. “Realizing the vision of Discovery Square will be a key factor in continuing our mission to provide world-class care and accelerating the translation of Mayo’s groundbreaking research into practice through collaboration.” “Discovery Square is the keystone to the Destination Medical Center economic development strategy,” said Lisa Clarke, executive director of the DMC Economic Development Agency. “It will be the catalyst for driving new job growth to Rochester and creating the live-work urban environment needed for a viable downtown core.” Building highlights: ❚ ❚ Scheduled to open in 2019 ❚ ❚ Located near the historic Mayo Clinic downtown campus and the Gonda Building, adjacent to Mayo Clinic’s Guggenheim, Hilton, and Stabile Buildings ❚ ❚ Proximity to Collider, an entrepreneurial ecosystem for tech innovators and collaborators in Rochester ❚ ❚ An integrated, open workspace design allows tenants to adapt their use of space as they grow and as the biomedical and life science industries continue to change ❚ ❚ Professionally managed day-to-day building activity and event programming throughout the year ❚ ❚ Common spaces will be centralized within the building to promote collaboration among tenants ❚ ❚ The facility is located at the corner of 4th Street SW and 2nd Avenue SW in the Discovery Square sub-district in Rochester, Minnesota

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1200 North College Ave. Fayetteville, AR 72703 Mark Zweig | Publisher mzweig@zweiggroup.com Richard Massey | Managing Editor rmassey@zweiggroup.com Christina Zweig | Contributing Editor christinaz@zweiggroup.com Sara Parkman | Editor and Designer sparkman@zweiggroup.com Liisa Andreassen | Correspondent landreassen@zweiggroup.com

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MARK ZWEIG, from page 1

knows someone else from the last place they worked (or another place other than that). And these people may have talents that you need now or in the future. What a great recruitment resource your new employees can be! 6)They bring new clients. This can be one of the best benefits from hiring new people from the outside. Sometimes clients are working with a company not because of the company but because of the individual. Whatever company employs this individual is the beneficiary. The point is, even though you don’t want to do it EVERY time, there are lots of good reasons to hire from the outside. Maybe it’s time for new blood in your company. MARK ZWEIG is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

THE ZWEIG LETTER December 18, 2017, ISSUE 1228

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