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: John Wade - Clements Chevrolet Cadillace
  • Vice Chair:  John Beatty - Dunlap & Seeger
  • Secretary/Treasurer: Adam Benike, Benike Construction
  • Immediate Past Chair: Mary Blair-Hoeft - City of Byron

Board Members

  • Dan Beck - Think Bank
  • Melissa Brinkman - Custom Alarm/Custom Communications, Inc.
  • Ken Brown - Olmsted County
  • Ed Chestolowski - RSM US LLP
  • Norm Doty - Express Employment Professionals
  • Bruce Gudlin - U.S. Bank
  • Kathleen Harrington - Rochester Area Chamber of Commerce
  • Mark Hayford - North Risk Partners
  • Elizabeth Howard - City of Pine Island/EDA
  • Jarett Jones - Merchants Bank
  • Mark Kotschevar - Rochester Public Utilities
  • Darrel Leonard - Minnesota Energy Resources
  • Todd Luedke - IBM
  • Larry McGraw - Home Federal Savings Bank
  • 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, Ex Officio
  • Joya Stetson - City of Stewartville
  • Mark Utz - Wendland Utz
  • Gregg Wright - Olmsted County
  • 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.