Doing Business Here

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Many area businesses are home grown and represent well-known national and international brands. A primary reason why Inc. Magazine rated Rochester one of the top entrepreneurial cities in the country.

Rochester and surrounding communities have been recognized for their collaborative and innovative spirit; ranking number three in patent filings per capita and supporting entrepreneurial communities and start up ventures. 

The Rochester area is home to national and global industry leaders such as Mayo Clinic, Hormel, IBM, Red Wing Shoes, Federated Insurance, Fastenal and Seneca Foods, to name a few.

A strong labor pool, highly educated workforce and access to over 45 two and four-year higher education institutions make the Rochester area a prime location to grow your business.

Types of business here:

Utilities

“Affordable options equal big savings for business”

Minnesota is one of the few states to exempt energy used in the manufacturing process from sales tax. The exemption includes natural gas, electricity and other utilities, providing bottom-line savings to heavy energy users.

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Demographics

“Rated one of the best places to live; again and again”

Rochester, Minnesota, the state's third-largest city, has been frequently recognized by Money Magazine, since the 1980's, as one of the best places to live in the United States ranging from the best in the Midwest to best overall.

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Infrastructure

“Multiple air, road and rail choices equal transportation freedom”

The transportation infrastructure in the Rochester area includes Interstate and U.S. highways, rail freight, and international air passenger and cargo facilities.

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Major Employers

“Home to local, national and international industry leaders”

Located in the southeastern section of Minnesota, the Rochester area's strong diverse economy is built around health care, computer technology, manufacturing, food processing, and convention and tourism.

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Workforce

“Growing, diverse and hardworking”

The Rochester area draws qualified workers from 30 to 50 miles away. It is estimated that the true labor force willing to commute and work in the Rochester area is around 150,000 people.

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Finance Programs

“A wide array of tools ensures business prosperity and success”

Businesses considering a location or expansion in the Rochester area, can draw on a range of private and public financing options. Venture capital resources as well as federal, state and local government financing and incentive programs are available.

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Taxes

“Providing the financial resources needed to create and maintain highly-valued infrastructure, services and amenities”

Businesses receive good value for their taxes by having access to solid public infrastructure, quality education, and second-to-none recreational amenities. As a result, employers are able to access, attract, and retain the most precious asset of all...people!

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504 Corporation 504 Corporation

“A financial resource for business development and expansion.”

The 504 Corporation is a non-profit organization certified by the U.S. Small Business Administration (SBA) to provide financial assistance to small businesses.

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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.