Regenerative medicine may result in economic growth - KTTC Rochester, Austin, Mason City News, Weather and Sports

Mayo Clinic's vision of "regenerative medicine" may spur economic growth


ROCHESTER, Minn. (KTTC)--  Rochester is Minnesota's fastest growing community and a world destination for not only health care but also cutting edge medical research.

Mayo Clinic is the largest economic engine in Minnesota, generating significant economic growth by bringing visitors to downtown business and creating jobs for some 31-thousand people in Rochester alone.

Tuesday afternoon, Rochester Area Economic Development Inc. held its annual luncheon at the Double Tree Hotel, updating the goals, concerns and achievements of economic development in and around Rochester over the past year.

The keynote speaker at the event was Andre Terzic, M.D., Ph.D., the Director of the Mayo Clinic Center for Regenerative Medicine.  He spoke about Mayo Clinic's future and how much of it lies in the emerging core component of regenerative medicine.

As a world destination for medicine and the fastest growing community in Minnesota, Rochester serves as home to the new bio business hub.

The Minnesota BioBusiness Center is the heart of the future of medicine in Rochester- a place for research and development.  The building provides space for biotech firms such as Mill Creek Life Sciences.

Mill Creek is using technology licensed by Mayo, to create a media supplement to grow stem cells, that are then used in the regenerative medicine market.

The clean rooms that Mill Creek will be utilizing have ultra-cold freezers that create temperatures of 80 degrees below zero. They are used to store the supply coming in and the product as it's released.

Mill Creek Life Sciences has currently added three part-time employees and is projecting to employ five on its staff.

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