About RAEDI

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.

RAEDI’s Strategic Plan

RAEDI engaged its public and private sector partners in a strategic planning process focused on understanding area economic development challenges and opportunities and organizing effectively to achieve community goals. Peer communities were examined to provide insights into how the Rochester area might organize to meet current and emerging economic, community and workforce development challenges in an efficient, integrated manner.

A steering committee consisting of RAEDI’s executive committee, Olmsted County, and the City of Rochester was actively engaged in shaping the planning process. It included an analysis of the economy, surveys, interviews, and focus groups with public, private, and non-profit stakeholders. The research and planning process was led by Janna King, CEcD, EDFP with Economic Development Services, Inc. Read the plan HERE.

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 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:  Adam Benike, Benike Construction
  • Vice Chair:  Melissa Brinkman, Custom Alarm
  • Secretary/Treasurer:  Jarett Jones, Merchants Bank
  • Immediate Past Chair: John Beatty, Dunlap & Seeger

Board Members

  • Jim Bier – Olmsted County
  • Ken Brown – Olmsted County
  • Brooke Carlson – City of Rochester, Ex Officio
  • Nick Campion – City of Rochester, Ex Officio
  • Ed Chestolowski – RSM US LLP
  • Chad DeCook – Think Bank
  • Norm Doty – Express Employment Professionals
  • Bruce Gudlin – U.S. Bank
  • Mark Hayford – North Risk Partners
  • Elizabeth Howard – City of Pine Island/EDA
  • Mark Kotschevar – Rochester Public Utilities
  • Darrel Leonard – Minnesota Energy Resources
  • Larry McGraw – Home Federal Savings Bank
  • Janna Monosmith – City of Byron
  • Kim Norton – City of Rochester, Ex Officio
  • Michelle – Pyferroen, Rochester Community & Technical College
  • John Reed, Rochester International Airport
  • Dianna Robinson – Associated Bank
  • Jim Rogers – Mayo Clinic
  • Patrick Seeb – DMC Economic Development Agency
  • Erin Sexton – Mayo Clinic
  • Joya Stetson – City of Stewartville
  • Joel Young – City of Chatfield

RAEDI Staff

President
John Wade
jwade@raedi.com

Director of Economic Development
Kirk Bustrom
kbustrom@raedi.com

Business Manager
Tonya Bernard
tbernard@raedi.com

Director of Marketing & Communications
Molly Schmidt
mschmidt@raedi.com

Director of Entrepreneurial Services
Sean Williams
swilliams@raedi.com

Why Rochester

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