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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, Workforce Development, Vision/Identity

March 31, 2020 openBeam.net: Rochester-Area Economic Development Inc (RAEDI) Loan News

News forwarded by RAEDI: The State of MN’s Small Business Emergency Loan Program is now accepting applications.

Read more
September 09, 2020: Connecting emmright with Collider

OpenBeam arranged a meeting between emmright and Collider. Good potential to collaborate especially in the Collider's Navigator program. 

 

Read more ...
August 30, 2020: SE MN Together: Advancing Diversity, Equity and Inclusion SE Minnesota

Convening conversation on how our region can work together to be a welcoming region. 

Read more ...
August 26, 2020: Help Needed - Diversity Council of Rochester

Diversity Council is looking for members to join its team: (1) Facilitators (2) Curriculum Development & Delivery Manager

Read more ...
August 24, 2020: Diversity Council

Diversity Council is coordinating an ask to the City of Rochester for Conservation Funds.  

Read more ...
August 20, 2020: Another Milestone with ICI

   The City of Rochester, in partnership with the Diversity Council and others, announced the release of the draft Intercultural Cities Initiative program index report and an upcoming virtual site visit. 

Read more ...
August 12, 2020: Olmsted County News

(1) Nikki Niles to lead Olmsted County's new Diversity, Equity, and Community Outreach Team. (2) Commissioners voted to expand team of community outreach workers dedicated to public safety.

Read more ...
August 11, 2020: Best Practices in Managing Your Team in 2020 — Aug 20 Webinar

  Rochester professionals, Nicky Espinosa, Director of Strategy Management, Mayo Clinic (and executive coach, Nicky Espinosa Coaching),Elsa Maas, Associate HR Director, Olmsted County to be on Performance Excellence Network panel Best Practices in Managing Your Team in 2020 — Aug 20 Webinar

Read more ...
August 03, 2020: Collider Foundation

Collider is Seeking Passionate Individuals for Three Contract Ecosystem Navigator Positions

Read more ...
June 17, 2020: Beam connecting TBE with community resources

Set up connections with Diversity Council's Community Mobilization Resources and allies

Read more ...
June 01, 2020: Rochester Downtown Alliance Downtown and Inteview Series

(1) Downtown restaurants reopening and (2) Preparing to re-open and interviewing Rochester Area Nonprofit Consortium about COVID. 

Read more ...
May 28, 2020: DMC EDA Covid Recovery Actions

COVID-19 Recovery Actions: (1) Presentation to DMCC board (2) Webinar COVID business restart discussion series

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: C2C: Workforce Participation ; Human Resource

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 (Pause, Startup, Steady, Isolated Impact, Collective Impact  Unknown)

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: