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’s Mission

Lead and support economic, community, and workforce development initiatives that grow and diversify the greater Rochester area economy.

RAEDI’s Vision

The Rochester area cultivates a healthy economy by providing a welcoming community environment that supports the growth and attraction of a diversity of businesses and talent.

Explore Investors & Partnerships

RAEDI works with many investors and partners in Rochester, Minnesota and surrounding communities.

Leader Investor  $50,000+    Innovator Investor $20,000+    Core Investor $10,000+    Business Investor $5,000+     Sustaining Investor $3,000+    Contributing Investor  $1,000+

RAEDI Board of Directors

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

RAEDI Executive Committee

  • Chair:  Melissa Brinkman, Custom Alarm
  • Vice Chair:  Jarett Jones, Merchants Bank
  • Secretary/Treasurer:  Dianna Robinson, Associated Bank
  • Immediate Past Chair: Adam Benike, Benike Construction


Board Members

  • John Beatty, Dulap & Seeger
  • Angie Bowman-Malloy, Bowman Tool & Machining
  • Chad DeCook – Think Bank
  • Norm Doty – Express Employment Professionals
  • Bruce Gudlin – U.S. Bank
  • Julie Henry, Mayo Clinic
  • Elizabeth Howard – City of Pine Island/EDA
  • Mark Kotschevar – Rochester Public Utilities
  • Janna Monosmith – City of Byron
  • Michelle – Pyferroen, Rochester Community & Technical College
  • Patrick Seeb – DMC (Destination Medical Center)
  • Erin Sexton – Mayo Clinic
  • Sam Slightam, Jimmy’s Salad Dressings & Dips
  • Joya Stetson – City of Stewartville
  • Heidi Welsch, Olmsted County
  • Joel Young – City of Chatfield
  • Alison Zelms, City of Rochester


John Wade

Director of Economic Development
Kirk Bustrom

Business Manager
Tonya Bernard

Director of Marketing & Communications
Molly Schmidt

Director of Operations
Tawonda Burks