Tag: Rochester Area Economic Development Inc

Five Questions with Ryan Nolander, Rochester Area Economic Development, Inc. (RAEDI)  

General
Ryan Nolander, RAEDI President

Ryan Nolander was hired as president of the Rochester Area Economic Development, Inc. (RAEDI) four months ago after long-time president Gary Smith retired. With significant experience in the economic development field, Nolander is committed to helping local and regional businesses and developers tackle issues such as site selection, financial packaging, business planning, and business advocacy.

Destination Medical Center (DMC) chatted with Nolander recently to learn more about his top priorities in the coming year and why Rochester is such an attractive city.

Increased funding options offer opportunity for SE MN entrepreneurs

General

Access to capital is a common obstacle faced by entrepreneurs looking to launch and grow businesses. Communities that offer diverse funding options for innovators tend to be healthier and more prosperous than those without.

Since there is no single blueprint for financing the launch or expansion of a business, area leaders have worked tirelessly to create new funding sources to help enhance the local entrepreneurial environment and get these businesses off the ground.

These funding sources will be of critical importance to Destination Medical Center (DMC) as the DMC Development Plan positions Discovery Square as a keystone to the DMC economic strategy, resulting in the need for multiple sources of readily available capital for new and growing businesses.