About RAEDI

RAEDI Year in Reviews

RAEDI - 2015 year in review video

RAEDI - 2014 year in review video

Rochester Area Economic Development, Inc. (RAEDI) assists existing and potential businesses in the Rochester area secure the private and public resources needed to execute their growth plans. Since inception, RAEDI has assisted hundreds of businesses that have generated more than $2 billion of local economy activity, creating thousands of jobs.


RAEDI Services

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

RAEDI Board of Directors

The RAEDI Board of Directors is a group on member volunteers who financially invest in RAEDI’s mission which is to retain, grow & diversify the Rochester area economy.

RAEDI Executive Committee

  • Chair: Mary Blair-Hoeft - City of Byron
  • Vice Chair:  John Wade - Clements Chevroley Cadillac
  • Secretary/Treasurer: John Beatty - Dunlap & Seeger
  • Immediate Past Chair: Dan Beck - Think Bank

Board Members

  • Adam Benike - Benike Construction
  • Melissa Brinkman - Custom Alarm/Custom Communications, Inc.
  • Ken Brown - Olmsted County
  • Ed Chestolowski - RSM US LLP
  • Norm Doty - Express Employment Professionals
  • Elaine Garry - Peoples Energy Cooperative
  • Linda Gates - Edina Realty
  • Bruce Gudlin - U.S. Bank
  • Kathleen Harrington - Rochester Area Chamber of Commerce
  • Mark Hayford - North Risk Partners
  • Jarett Jones- Wells Fargo
  • Mark Kotschevar - Rochester Public Utilities
  • Darrel Leonard - Minnesota Energy Resources
  • Todd Luedke - IBM
  • Larry McGraw - Home Federal Savings Bank
  • Brian Morgan - Rochester Public Utilities
  • Melissa Morris - Spectrum
  • Kim Norton - City of Rochester, Ex Officio
  • Shaun Palmer - City of Rochester, Ex Officio
  • John Reed - Rochester International Airport
  • Jim Rogers - Mayo Clinic
  • Patrick Seeb - DMC Economic Development Agency
  • Erin Sexton - Mayo Clinic
  • Randy Staver - City of Rochester
  • Devin Swanberg - City of Pine Island/EDA
  • Mark Thein - Olmsted County
  • Mark Utz - Wendland Utz
  • Joel Young - City of Chatfield

RAEDI Investors

Contact us

Rochester Area Economic Development, Inc. (RAEDI) value proposition is the ability to assist businesses and entrepreneurs in securing the private and/or public resources needed to execute their business plans. RAEDI is pleased to assist you with your request.

Please call 507-288-0208, email info@raedi.com, or fill out the form below.