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Rochester-Area Economic Development Inc (RAEDI)

 

Organization Info
Impacts/Collaborators
Beam Assessment

Organization Information


Organization: Rochester-Area Economic Development Inc (RAEDI)

Sector: 501C-3 Non-Profit

Organization Mission: RAEDI's primary goal is to attract, retain and assist the growth/expansion of base business within the Rochester Area. RAEDI's value proposition is the ability to assist businesses and entrepreneurs in securing the private and/or public resources needed to execute their business plans.

Website

RAEDI Services

RAEDI's primary goal is to attract, retain and assist the growth/expansion of base business within the Rochester Area.

RAEDI's value proposition is the ability to assist businesses and entrepreneurs in securing the private and/or public resources needed to execute their business plans.

Our Services Include:

Toolkit for Small Businesses

SEMToolkit is a free program that enables entrepreneurs and small businesses to learn how to implement the sustainable business management practices needed for growth in areas such as finance, accounting, international business, marketing, human resources or legal. Click hereto learn more.

Financial Packaging 
- Direct Investment Funding 
- Fixed Asset Financing 
- Export Financing

Business Planning 
- Cost Differential Comparisons 
- Market Research & Analysis 
- Community Data/Profiles

Site/Location Support 
- Provide Objective information on Sites, Facilities and Access to Support Services 
- Develop Comparative Site Data

Business/Community Advocacy 
- Identify and Present Business Interests and Concerns to Government 
- Support Area Social, Economic and Infrastructure Development

 


Related News and Status


 

Status Reports / News 
Related PlanScape Status on: Economic Development, Workforce Development, Vision/Identity
December 10, 2019: Journey to Growth Plan 5 Year Conclusion and Celebration

Per PB Reporting: "While the five-year timeline for the Journey to Growth initiative has wrapped up, the work of diversifying Southern Minnesota's economy continues."  

 

Read more ...
November 27, 2019: Community Networking Group (CNG) Relaunch Conversations

CNG Steering Committee collaborating with Mayor Kim Norton to launch CNG 2.0. 

 

Read more ...
October 01, 2019: DMC Discovery Square Design Process

September 2019 and May 2019 Presentations to DMCC Board.

Read more ...
September 22, 2019: Heart of the City Taskforce Art + Design

The Heart of the City design team is pleased to invite you to join a panel discussion and conversation on the roles art and design play in creating vibrant public spaces.

Read more ...
July 08, 2019: Diversity Council Recipient of 2019 Anti-Racism Initiative Category

Diversity Council selected as recipient of the 2019 Nonprofit Mission Award in the category of Anti-Racism Initiative  

 

    Read more ...
    July 03, 2019: Musicant Group

    The Musicant Group, a design, property management, and event planning firm, has officially expanded into Rochester, Minnesota, the group’s first location outside of the Twin Cities.

    Read more ...
    June 24, 2019: Discovery Square One

    Royal Philips, an Amsterdam-based firm that works in a variety of health care markets such as medical devices and services, confirmed today that it plans to open a Med City office in the recently opened 89,000-square-foot One Discovery Square complex, on the corner of Fourth Street and Second Avenue Southwest.

    Read more ...
    June 23, 2019: Rochester Community & Technical College Compassion/Equity

    Minutes from June 4th, 2019, compassion/equity scheduling workshop

    Read more ...
    May 20, 2019: Heart of the City Peace Plaza Public Realm

    6 things to know about Heart of the City plans. 

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

    3rd Annual DMC Real Estate Development and Investment Summit

    Read more ...

    Community Anchor Participation:

     

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    Impacts

    The work of this organization may have impacts on the following areas:

    PlanScape

    Lvl 1: Economic Development ; Workforce Development ; Vision/Identity

    Lvl 2:

    DMC Impact:

    Community Health Impact area:

     

    Projects/Programs

    Confirmed Project Involvement: Journey to Growth Plan


    Potential Projects

    Project Involvement Candidates:


    Known Collaborators

    Onboard Collaborators:

     

    Potential Collaborators

    Potential Collaborators:

    Organization Life Cycle Assessment:

    Isolated Impact

    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: