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Rochester Area Economic Development
AddedFeb 16, 2024
UpdatedJun 28, 2026
Rochester Area Economic Development

Rochester Area Economic Development

Operating

Premier global hub for Medicine, Technology, and Biosciences based in Rochester, Minnesota.

Founded
1985
Location
Rochester, MN, US
Overview
Compare
Employees
Website

Rochester Area Economic Development, Inc. (RAEDI) was founded with the mission to promote economic growth and development in Rochester, Minnesota. The organization aims to establish Rochester as a premier global hub for medicine, technology, and biosciences. RAEDI offers a range of services including business development assistance, site selection, financial packaging, and workforce development to support new and expanding businesses. Their market focus is on attracting high-tech industries and fostering innovation within the local economy.

Notable affiliates of RAEDI include local government bodies, educational institutions, and private sector partners who collaborate to drive regional economic initiatives. Key achievements of RAEDI include facilitating significant investments in the region, supporting the creation of numerous jobs, and contributing to the development of cutting-edge medical and technological facilities. The overall impact of RAEDI has been substantial in positioning Rochester as a leading destination for innovation and economic prosperity in the fields of medicine and biosciences.

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Rochester Area Economic Development - Quick Facts

What organizations are similar to Rochester Area Economic Development?

Organizations similar to Rochester Area Economic Development include Providence Economic Development Partnership, Arkansas Economic Development Commission, Rhode Island Commerce and Michigan Economic Development.

When was Rochester Area Economic Development founded?

Rochester Area Economic Development was founded in 1985.

Where is Rochester Area Economic Development's headquarters located?

Rochester Area Economic Development's headquarters is located in Rochester, MN, US.

How many employees does Rochester Area Economic Development have?

Rochester Area Economic Development has 11 employees as of Feb 4, 2024.

Rochester Area Economic Development - Classification

Ownership
  • Government
Geographic Exposure
  • United States
Main Product
  • Economic Development
Tags
  • Government
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
Show 15 more industry codes
NAICS
  • 513200Software Publishers
  • 541714Research and Development in Biotechnology (except Nanobiotechnology)
  • 510000Information
  • 620000Health Care and Social Assistance
  • 513000Publishing Industries
  • 541700Scientific Research and Development Services
  • 513210Software Publishers
  • 541710Research and Development in the Physical, Engineering, and Life Sciences
SIC
  • 8000Health Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8040Offices And Clinics Of Other Health Practitioners
  • 8730Research, Development, And Testing Services
  • 7372Prepackaged Software
  • 8049Offices And Clinics Of Health Practitioners, Not Elsewhere Classified
  • 8731Commercial Physical and Biological Research