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Rochester Economic Development Fund

The fund, financed with $5 million of local-option sales-tax dollars, has doled out more than $2.5 million in loans, investments and grants to 15 early stage companies and business incubators. It is managed by Rochester Area Economic Development Inc. with oversight by the Rochester City Council. Any investment of $75,000 or more much be approved by the city council.

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Project Information

About the project

Impacts: 

Economic Development, Workforce Development    

Project Phase: 

Available

Collaborators

Contact: Gary Smith ; Email: TBD ; Phone: TBD

Lead Organization: Rochester-Area Economic Development Inc (RAEDI)

Collaborators: GoRoute ; Rochester-Area Economic Development Inc (RAEDI)

Related Projects

 

Detailed Description

2018-03-26

 

 

More info per PB

 

 

 

Status/News

 


Related PlanScape Status

Economic Development, Workforce Development  

April 08, 2019: Destination Medical Center (DMC) Plan

3rd Annual DMC Real Estate Development and Investment Summit

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April 07, 2019: Southern Minnesota Initiative Foundation

BRINGING OUR RESOURCES TO A SPROUT! EVENT NEAR YOU

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April 04, 2019: Journey to Growth Plan $25M loan fund

PB: "As part of J2G, lawmakers from Southeast Minnesota are seeking to create a $25 million revolving loan fund to spur business and entrepreneurial activity in the region’s towns and cities."

Read more ...

April 03, 2019: SE Mn Together: A regional community growth initiative

April 30, 2019 Beyond Minnesota Nice Conference: Creating Welcoming and Inclusive Communities

Read more ...

March 29, 2019: America’s City for Health

Engage area leaders about the need to converge various health/wellness initiatives to collective impact. 

Read more ...

March 13, 2019: Southeastern Minnesota League of Municipalities (SEMLM)

State lawmakers from Southeast Minnesota are pushing to create a $25 million revolving loan fund to spur business and entrepreneurial activity in the region’s towns and cities."

Read more ...

March 05, 2019: Alternative Learning Center - A Success Story (We want you back)

A success story about ALC.  "We want you back" on YouTube. A Hmong student's high school graduation journey after quitting school to work to help support his family at the age of 16.

Read more ...

February 17, 2019: Destination Medical Center (DMC) Meeting Packet

DMCC Meeting Packet with affordable housing and transportation breakouts.

Read more ...

February 08, 2019: Bloom Reconsiders Second Phases of Riverfront Project

"Bloom International Realty may be rethinking plans to build the second phase of its $230 million riverfront development in downtown Rochester.

Read more ...

December 21, 2018: Triton Hilton Hotel (Broadway at Center) Asking for more TIF

Rochester developer Gus Chafoulias wants an additional $6.5 million in city assistance to pay for the nearly-complete Hilton hotel project.

Read more ...

Last modified by allnode on 2018/06/27
Created by allnode on 2018/02/09

Site Information
Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
Links
Links to Beam and beam sub-sites: