Rochester Area Economic Development, Inc. (RAEDI)

RAEDI, along with the cities of Byron, Chatfield, Kasson, Pine Island, Plainview, and Stewartville, are co-hosting a round table event on workforce housing in Byron at Somerby Golf Club on Thursday, August 22, 2024, from 9:30 a.m.- 2:00 p.m. Who should attend - builders, developers, bankers, utility representatives, engineering firms, and city officials from communities outside of Rochester in southeast Minnesota. If you are interested in attending, registration is required. Register HERE: https://lnkd.in/gaWvvEyv

Dwight and Dian Diercks donate $20 million to accelerate Mayo Clinic’s strategy for transformational healthcare AI and innovation

RAEDI participated in the community celebration for the 𝟭𝟵𝘁𝗵 𝗔𝗻𝗻𝘂𝗮𝗹 𝗝𝘂𝗻𝗲𝘁𝗲𝗲𝗻𝘁𝗵 𝗖𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗦𝗮𝘁𝘂𝗿𝗱𝗮𝘆, 𝗝𝘂𝗻𝗲 𝟭𝟱𝘁𝗵 𝟭𝟮 𝗣𝗠 - 𝟱 𝗣𝗠 at the Reverend Dr. Martin Luther King, Jr. Park in Rochester. This event was hosted by the NAACP-Rochester Minnesota Branch. Over 1,500 people were in attendance. Live performances, booths set up with many organizations in the area, and food vendors made for a fun day of celebrating. Thanks to Tawonda Burks, MBA, RAEDI's Director of Operations, for her work with our local NAACP chapter.

In the current issue of Twin Cities Business Magazine, look for the profile section on Rochester, Minnesota. RAEDI is proud to be supporter of this special section along with the Experience Rochester MN, City of Rochester, MN, Destination Medical Center (DMC), Rochester Area Chamber of Commerce, Rochester Downtown Alliance, and many RAEDI investors who advertised in this edition. Check out the online version here:

Congratulations to Julie Herrera-Lemler, Program Manager at Rochester Area Economic Development, Inc. (RAEDI) and Southeast Minnesota Small Business Development Center - SBDC. Julie recently completed the Leadership Greater Rochester class through the Rochester Area Chamber of Commerce. Congratulations, Julie!

Congratulations to RAEDI's Southeast Minnesota Small Business Development Center - SBDC Consultant, Rick Indrelie, for receiving two awards at the 2024 MN SBDC Knowledge Exchange Program. Rick received the Taking Care of Business Award for helping clients start 19 businesses in southeast Minnesota in 2023. His second award was the Helping Hands Award for assisting 191 clients and attaining 1,265 consulting hours in 2023. The SBDC Knowledge and Exchange Program was held in Fergus Falls last week for all of the Minnesota Small Business Development Centers Network. It was held at M/State Community and Technical College. The purpose of this program is to bring everyone in the SBDC Network together and improve their knowledge to better assist SBDC Clients.

Here's the latest economic report from the Minnesota Department of Employment and Economic Development regarding Minnesota employers adding jobs for the 4th straight month, up 3,900 jobs from March to April, with the private sector gaining 5,500 jobs. More details here: https://bit.ly/4bGh3zc

Tawonda Burks, MBA and Julie Herrera-Lemler from the RAEDI office are attending the Workforce Development, Inc. Forum at the Rochester Event Center today. RAEDI was a sponsor at today's event. Featured keynote speaker is Gerry Hoeffner, President of Personnel Dynamics Consulting Group and the Best Places to Work Program.

RAEDI hosted the Federal Deposit Insurance Corporation (FDIC) today at the Economic Development Center. This outreach event brought together nearly 60 people in the banking and economic communities to learn about what efforts in SE Minnesota are supporting job creation, creating access to credit, and entrepreneur support for traditionally undeserved and low-and-moderate income populations. RAEDI President John Wade gave the keynote address. Kelsea Koch with the FDIC discussed qualifications for CRA credits, and a panel consisting of Robert Harris from (CEDA) Community and Economic Development Associates (CEDA), Tawonda Burks from RAEDI, and Dwayne Lee from 504 Corporation, discussed initiatives and programs taking place in the Rochester area and SE Minnesota, and ways banks can get involved.