Join us on Tuesday, August 15th, 2017, at 9:00 a.m. at the Mayo Clinic Business Accelerator (221 1st Avenue SW, Suite 202, Rochester, MN 55902) for the official announcement of the Southeast Minnesota Capital Fund.
After months of planning and behind the scenes efforts, the Southeast Minnesota Capital Fund LLC is ready for launch. The fund, created by Rochester Area Economic Development, Inc. (RAEDI), and spearheaded by Journey to Growth (J2G), is funded by a group of 25 angel investors who will help support the growing number of startup companies in the medical and technology fields who have the potential to deliver significant returns. While not geographically limited, the primary investment focus of the fund will be the southeast Minnesota region.
“Angel investors are typically one of the first sources of funding for innovative startups. And these startups may be tomorrow’s large employers of the region. There are numerous angel funds in the metro area but this is the first one here,” said Xavier Frigola of RAEDI and Secretary/Treasurer of the Fund.
Learn the details and timeline from creation to completion from the RAEDI and J2G teams. David Herbert, one of the fund investors will explain the decision on becoming an angel investor. In addition, hear from long-time local entrepreneur, Al Berning, on the importance of providing investment opportunities like the Southeast Minnesota Capital Fund and the impact on successful startups and the entrepreneurial ecosystem.
We will have a short program starting at 9 a.m. with refreshments and networking to follow. Public parking is available at the 3rd St Parking Ramp (100 3rd Street SW. Rochester, MN 55902).
City of Stewartville Continues as J2G Partner
For the third consecutive year, the city of Stewartville’s Economic Development Authority has made a one-year financial commitment to Journey to Growth. After a presentation on progress from J2G Project Director Heather Holmes, the EDA voted 7-0 in July to provide $2,100 to supportJ2G 2017-18.
Chris Stafford, EDA president, and members Jim Kuisle, Kari York, Mark Rusciano, Adam Wright, City Councilperson Craig Anderson and Mayor Jimmie-John King all voted to in favor of the financial support.
Mayor Jimmie-John King told Holmes that he appreciates the city of Stewartville’s association with J2G.
“It has been an outstanding partnership the last 2 1/2 years with Journey to Growth,” the mayor said. “They put Stewartville’s name and story right out there. I believe we’ve actually seen some growth thanks to Journey to Growth.”
Journey to Growth is a 501c3 grassroots-led organization. Individuals serving as board members, co-chairs, committee members, special event volunteers, presenters, speakers and regional liaisons log thousands of volunteer hours annually.
J2G is thankful to the City of Stewartville and the many volunteers that continue to work towards a cohesive and connected region!
NOW ACCEPTING PROPOSALS SOUTHEAST MINNESOTA REGIONAL ECONOMIC DEVELOPMENT STUDY
Community and Economic Development Associates (CEDA), in collaboration with the Southeastern Minnesota League of Municipalities (SEMLM), seeks a contractor to produce a study and analysis of the effects of current and projected economic growth in the southeastern region of Minnesota.
This project will study the effects of economic growth in the southeastern region of Minnesota including the counties of Dodge, Fillmore, Goodhue, Houston, Mower, Olmsted, Wabasha, and Winona. The study should formulate policy recommendations on how the state, the region, and cities in southeast Minnesota may respond to the challenges and opportunities for economic growth and financial investment that may be derived from such regional economic changes.
All responses to this RFP must be submitted and received no later than 4:00 PM on October 15, 2017.
Join business leaders and community members for an informative and fun-filled day with elected officials from the Rochester City Council and the Olmsted County Board of Commissioners.
The day will begin with a short bus ride to Treasure Island Resort and Casino in Red Wing. Then, we will gather to hear from our City and County leadership as they discuss the issues that are important to you and your organization.
The City of Rochester will be represented by Nick Campion (Ward 3) and City Council President Randy Staver (At Large). Olmsted County will be represented by Matt Flynn (Fourth District) and 2017 County Board Chair Ken Brown (Second District).
Following the discussion, we will proceed to the elegant cruise liner, Spirit of the Water, for an enjoyable evening of networking and dining on the beautiful Mississippi River.
NAWIC Awards SE MN Chapter 346
Professional Development and Education Award
When deciding to participate in Rochester Community and Technical College’s (RCTC) annual STEAM Summit, the women of the SE MN Chapter of the National Association of Women In Construction (NAWIC) were interested in supporting their local community and the construction industry workforce development efforts. Although an established and popular program in town, 2015 was the first year this NAWIC chapter had been involved.
Having such a positive experience and agreeing with its importance for the future, it was decided to participate again in 2016. A committee was formed, and plans were made to approach the second year with greater strategy and incorporate an educational activity along with chapter information. The committee developed trivia questions about the construction industry; right and wrong answers were given a chance to play jumbo Jenga – with wrong answers being reviewed and discussed before participating in the game.
The other part of their strategy involved a focus on middle school students. Their observations were that elementary and high school student’s interests were well addressed and it was that middle school audience that needed more attention. In total, the STEAM Summit draws around 2000 middle school students from the SE MN Region.
The SE MN Chapter was awarded the Leadership and Development Award at the NAWIC National Conference.
5 Things To Do In August Around the Region
In no particular order, here are some events and ideas around the region to enjoy this summer before getting back to school.