New for 2020:  RAEDI Monthly E-Blast

Welcome to 2020 and the first RAEDI monthly e-blast.  Our goal with this new communication is to keep you informed of upcoming events and information on our programs, as well as important economic data for the Rochester MSA.  Please feel free to reach out with any questions or suggested content, and we look forward to continuing to increase our communication with partners like you.

RAEDI Annual Meeting & Luncheon
Join us for the 2020 RAEDI Annual Meeting on Tuesday, February 25, 2020, at the Rochester International Event Center from 11:30 a.m. - 1:00 p.m.

Mr. David Ollila of Flint, Michigan, is a serial entrepreneur, innovator, and inventor who holds 16 patents on everything from sporting goods to wearable technology. While constantly thinking about new ideas, he provides his expertise and experience to help cultivate entrepreneurship and opportunity in Flint at Skypoint Ventures, 100K Ideas, and the Ferris Wheel Innovation Center.
Register to attend
EDAM 2020 Winter Conference

RAEDI President, Ryan Nolander, attended the Economic Development Association of Minnesota (EDAM) 2020 Winter Conference in Bloomington last week. The 2-day conference explored the revolving landscape of economic development from multiple perspectives. 

Along with great content and networking, Ryan also met with the site selectors in town for the conference, creating relationships for potential future opportunities.


WE Forum (Women Entrepreneurs)

The first WE Forum of 2020 was held on Thursday, January 16th at St. Mary's University Rochester. RAEDI is partnering for the second year with the Kabara Institute of Entrepreneurial Studies, along with the Rochester Area Chamber of Commerce, to hold panel discussions for women entrepreneurs.  Four local women business owners who have each turned personal talents, interests, and passions into an entrepreneurial venture discussed how they made the transition into business and the challenges they faced and overcame to bring their businesses to life.

Panelists included Christina Wood, owner & executive director of Healing Rhythms Music Therapy, Sara Lohse, professional organizer and owner of The Rescued Room - Home Organizing Services, Alicia Cory, owner of Shotcha Photography, and Marlo Zosel, Habits of Health Coach.

The next panel discussion will take place on Thursday, February 13th. The topic is "Doing Business in the Med City - Catering to the Patient Experience."  All WE Events will take place at St. Mary's University Campus Rochester from 7:30 a.m. - 9:00 a.m. There is no fee to attend but registration is required.

Register to attend
Mayo Clinic Business Accelerator 
The Mayo Clinic Business Accelerator, located in the Minnesota BioBusiness Center and operated by RAEDI since 2013, currently has office and desk space available for rent. The space is available for new companies, entrepreneurs, and venture firms.

The Accelerator includes 24-hour electronic key access, high speed internet, use of the executive board conference room, whiteboard and tackable walls, mobile flat screen tv, VGA/HDMI laptop connections, conference phone, seating for informal collaboration, paid utilities, and professional cleaning.

For more information, contact Xavier Frigola, Director of Entrepreneurial Programs, at 507-288-0208 or by email at

Total Employment Up Last 5 Years 
Rochester MSA Total Employment

December 2019 - 123,106 employed
December 2018 - 123,004 employed
December 2017 - 121,368 employed
December 2016 - 119,383 employed
December 2015 - 118,068 employed

Year-End 2019 unemployment rate was at 3.0%.

Source:  Minnesota Dept. of Employment & Economic Development
Commercial & Residential Building Permits
Rochester Building Valuations & Permits

2019 - $483,468,201   2,270 permits
2018 - $587,794,238   2,305 permits
2017 - $524,691,270   2,666 permits
2016 - $442,846,498   2,429 permits
2015 - $484,095,237   2,383 permits

Source:  Rochester Building & Safety
Copyright © *2020|* *|RAEDI|*, All rights reserved.
Monthly E-Blast

RAEDI mailing address is:
Rochester Area Economic Development, Inc. (RAEDI)
220 South Broadway, Suite 100, Rochester, MN   (507) 288-0208

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Rochester Area Economic Development, Inc. · 220 South Broadway, Suite 100 · Rochester, MN 55904 · USA

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