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Rochester-Area Economic Development Inc (RAEDI)

 

Organization Info
Impacts/Projects/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, Entrepreneurship, STEM, Workforce Development, Vision/Identity

Key reports on: Rochester-Area Economic Development Inc (RAEDI)



Rochester-Area Economic Development Inc (RAEDI) July News (August 08, 2023)

1. 2Q 2023  Economic Report ;  2. Tawonda Burks has joined the RAEDI staff full-time as Director of Operations. In addition to managing the RAEDI Economic Development Center; 3, SBDC 1H 2023 performance report

Read more ...


Seneca Property Statement of Interest (March 12, 2022)

(1) RAEDI partners with Olmsted County to solicit Statements of Interest (SOI) for former Seneca property; (2) Olmsted County signs agreement with RAEDI to solicit development proposals for former Seneca property

Read more ...



May 21, 2024: M.O.V.E: Collaboration of SHIP, Joint Study, One Olmsted

M.O.V.E. Promotional Flyer and Application to join M.O.V.E.

5/10/2024 Conversation Olmsted County Rep and CMRC Rep.: Regarding Olmsted County Community Council's DEI initiative called Mobilizing Olmsted Voices for Equity (M.O.V.E) 

Rochester Area Foundation Support Message

 

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May 02, 2024: 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024:

April 2024 - Admin Message, TBE Report

1Q 2024:

Feb 2024 - Admin Message, TBE Report

Jan 2024: Admin Message, TBE Report

Special callouts 

Read more ...
April 27, 2024: 2024 Destination Medical Center (DMC) Updates
DMC Updates April 29 Presentation to City Council Study Session 

Transit Village

Business Development

Historic District

Read more ...
April 19, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

Read more ...
April 01, 2024: EBE Presentation to City Council Study Session
1. Part of Feb 26, 2024 City Council Study Session on DEI: Presentation Slides include actions and measures to City Council Study Session and Link to City Council video 

2. Career Opportunities for Women of Color

Read more ...
March 27, 2024: Full-Time Career Navigator: Built Environment Wanted

Application Due April 5, 2024: Workforce Development, Inc. is seeking a friendly and professional Career Navigator to join our team.  

Read more ...
March 20, 2024: NIH Community Engagement Alliance Consultative Resource

We invite community organizations and partners who expressed interest in the Community Partnerships to Advance Science for Society (ComPASS) initiative to participate at no cost in several opportunities hosted by CEACR.

Read more ...
March 19, 2024: Action Request March 18, 2024
Comment at the 3/18/2024 City Council Meeting:

To act on September 21, 2020 council resolutions for the city staff to develop a Intercultural City action plan.  

Read more ...
March 13, 2024: DEED Funding Opportunities and Workforce Training Available for Minnesota Employers
Funding Opportunities: DEI for Small Employers, Targeted Populations Capacity Building

Employer subsidies: 1. The state of Minnesota Job Skills Partnership (MJSP) program offers grants to help train or retrain your workforce.; .2. New Minnesota Fund Reimburses Employers for Costs of Reasonable Accommodations

Read more ...
March 12, 2024: University of Minnesota Rochester at DMC Board November
DMCC Board November 17, 2023 Meeting UMR Update

Presentation Slides

Video Recording

Read more ...
March 10, 2024: West Transit Village
September DMCC Board Status: NTH to run a developer selection process with Mayo

2024-03-10 Added Video Clip Loop of Sep 2022 DMCC board meeting

Read more ...
March 04, 2024: City Council: Diversity, Equity, and Inclusion Updates; Housing; International Relations

DEI Presentation Topics: Language Access and Accessibility; Equity in the Built Environment; 2024 Initiatives

Economic Development Incentives for Housing

Mayor Updates: Black History Month, Luther College: Mutable City; International Relations Committee

Read more ...
February 21, 2024: Mayo Clinic Bold Forward Unbound
Bold Forward Announcements

Video Mayo CEO

Mayo News June 2023

Related News: Community Reactions ; City of Rochester Support of Bold (2/1/2024)

Read more ...
February 12, 2024: Destination Medical Center (DMC) Investment Metrics Slow Down Trend

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting

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 ; Entrepreneurship ; STEM ; Workforce Development ; Vision/Identity

Lvl 2: C2C: Workforce Participation ; Human Resource

DMC Impact:

Community Health Impact area:

 


Potential Projects

Project Involvement Candidates:


 

Potential Collaborators

Potential Collaborators:

Organization Life Cycle Assessment (Pause, Startup, Steady, Isolated Impact, Collective Impact  Unknown)

Collective Impact

Site Information
Project Phase 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.
About 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.

Links to Beam sub-sites 
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