Rochester Area Economic Development

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.