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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
July 07, 2020: Olmsted County News

Commissioners vote to expand team of community outreach workers dedicated to public safety.

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 ...
May 12, 2020: Diversity Council Newsletters with COVID-19 Info

In light of all that is going on throughout the COVID-19 pandemic, Diversity Council wants to remain a connector and convener for all those in need throughout our community. If you are aware of valuable information and resources, please email info@diversitycouncil.org and we will do our best to increase awareness.

If you have needs to express as an individual or member of a particular community, please reach out to info@diversitycouncil.org. Diversity Council is willing and happy to hear your concerns and connect you with the correct resources.

Read more ...
May 11, 2020: Rochester-area Chamber of Commerce - back to work info series

Topics include: 5 Steps to Reopening your business safely, Liability Concerns for Reopening Your Business

Read more ...
May 01, 2020: COVID Communication Survey

Survey results on COVID communication resources and challenges. The Olmsted County Incident Command Safety Officer is the point of contact for engaging Public Health Technical Specialists in community outreach efforts: COVIDSafetyOfficer@co.olmsted.mn.us

Read more ...
April 16, 2020: Microgrants to Help Support Entrepreneurial Activity

Microgrants to Help Support Entrepreneurial Activity and The ‘United We Stand’ Small Business Microgrant Fund aims to provide emergency cash assistance for brick and mortar businesses.

Read more ...
April 10, 2020: Updates from the Governor

Updates from the Governor

Like many Minnesotans, Governor Walz will observe the holidays with his family this weekend. Our thoughts are with Minnesotans across faith communities who would typically be spending upcoming religious holidays with extended family and friends. We ask Minnesotans to remember that as hard as social distancing is during this season, it’s still important and will help ensure our neighbors and loved ones stay safe

Read more ...
April 02, 2020: Minnesota’s health plans to waive costs for treatment of COVID-19

Governor Walz today announced that Minnesota’s health plans have agreed to waive costs for treatment of COVID-19. This move comes in response to a March 13 letter from the Governor and State Commissioners of Health and Commerce urging Minnesota health plans to remove barriers to coverage during the COVID-19 pandemic.

Read more ...
April 01, 2020: PSAs: Supporting Local Businesses & Park restrictions ( In English and Khmer)

Supporting Local Businesses: Options for deferment of liquor license renewal payments, Municipal parking ramp, Emergency Economic Development Loan, & On‐street parking

Park usage restrictions

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: