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Rochester, MN (KROC-AM News) - A grand opening celebration will take place this afternoon for the RAEDI Economic Development Center in Rochester.

The event begins at 3 PM with a ribbon cutting and program, but the public is invited to visit the facility until 5 PM. According to Rochester Area Economic Development Inc. President John Wade, the one-stop development center for new and existing businesses "will accelerate economic growth for the Rochester area streamlining the collaboration between businesses and the diverse non-profits who serve them."

RAEDI partnered with the African Development Hubba, Black Entrepreneurship Team, Collider, Southeast Minnesota Capital fund, Southeast Minnesota Small Business Development Center, and Minnesota SCORE to "increase access to business startup services, and increase communication and accessibility between the different providers" in the Economic Development.

The EDC is located on the sixth floor of the Minnesota BioBusiness Center at 221 First Avenue Southwest.


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