Rochester Area Economic Development, Inc.

Rochester Area Economic Development, Inc. (RAEDI) is a non-profit organization that assists businesses in the Rochester, Minnesota area by providing resources for their growth plans. Its mission is to lead and support economic, community, and workforce development initiatives to grow and diversify the local economy. RAEDI's services include financial packaging, direct investment funding, business planning, and site location support. The organization administers the Economic Development Fund (EDF), which provides low-interest loans starting at $50,000 to businesses within Rochester, funded by a local sales tax. Since its inception, RAEDI has assisted hundreds of businesses, generating significant local economic activity and creating thousands of jobs.