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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:

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
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 ...
November 12, 2018: Diversity Council newsmaker

A sample of Diversity Council community engagement activities.

Read more ...
October 16, 2018: Cradle to Career publishes community report

Cradle to Career published Community Report and recruiting Collaborative Action Network (CAN) conveners for Kindergarten Readiness and On-Time Graduation.

Read more ...
October 04, 2018: 6 Crtical Components for Discovery Square

Presented to DMCC Board in its September 2018 board meeting.

 

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: