Business & Economic Development

Looking for assistance in starting or growing your business? These organizations provide business development guidance, resources, workshops, and even funding to help you turn your business dreams into reality.

Business Development

  • Community & Economic Development Associates (CEDA)

    Are you a small business in Southern Minnesota who's looking for a leg up? Community & Economic Development Associates (CEDA) is here to help by providing planning, financial analysis, marketing advice and loan assistance to qualifying businesses. Services include: Small business development services - planning, financial analysis, marketing, loan assistance

  • Destination Medical Center Economic Development Agency

    The Destination Medical Center (DMC) is a 20-year, economic development initiative born out of a desire to capitalize on Mayo Clinic's expansion and make Rochester a global hub for healthcare and innovation. Learn more about Rochester, Mayo Clinic and how you could make your mark in this fast growing community of talented professionals.

  • Rochester Area Economic Development Inc. (RAEDI)

    Thinking about moving to Rochester but don't know much about our community? Check out the Rochester Area Economic Development, Inc.'s list of community profiles, key industry highlights and business resources today! We are fast growing and want to make sure you have the resources to better understand and appreciate all that our region can offer. Information includes living information, community profiles, key industry highlights and resources for starting a business and doing business.

  • Collider

    Collider is a hub for local and visiting entrepreneurs, freelancers and remote workers to work, learn and connect. The organization offers desk and conference room space to its members and visitors in a unique historic setting. Collider also offers monthly events and educational opportunities to fuel the growing entrepreneurial community in the Rochester area.

  • Rochester Area Foundation

    The Rochester Area Foundation aims to build and enhance the quality of life in the greater Rochester area through philanthropic leadership and community partnerships. The organization provides a number of grants and scholarships toward the aim of community betterment, and their incubator space provides emerging nonprofit organizations with a home office and support services at a fraction of the cost of commercial alternatives, so they can gather the resources necessary to grow their organizations.


    Southeast Minnesota SCORE offers FREE business mentoring, low-cost or no-cost business training through local workshops, and numerous templates and tools as free resources to help you start or grow a business.

  • Small Business Development Center

    The SBDC offers at no cost, confidential consulting to help businesses in SE Minnesota identify, understand and overcome the challenges of starting a business, running a successful business, and developing exit strategies. It provides the professional expertise and guidance that every small business owner needs to flourish in today's competitive and ever-changing business world. While the SBDC does not lend money to small businesses, it works with business owners and financial institutions to prepare documentation that lenders require for business loans.

  • Southern Minnesota Initiative Foundation

    The Southern Minnesota Initiative Foundation (SMIF) is one of six Minnesota Initiative Foundations around the state. Born out of the 1986 farm crisis, where rural communities struggled to remain solvent, let alone sustainable, the Minnesota Initiative Foundations stepped in and provided much-needed community building support. Since then, the Foundations have grown and become powerful regional partners, helping businesses with loans, grants and development assistance. Check out SMIF's array of services to see how they could potentially help your business grow today. Services include: Small business loans, grants & development assistance.

Regional Initiatives

  • Cradle to Career

    The StriveTogether Cradle to Career Network is a national, nonprofit network of more than 70 partnerships working to improve educational outcomes by bringing together cross-sector partners around a shared community vision. Together, the Network impacts 8.2 million students nationwide.

  • Journey to Growth

    Journey to Growth, or J2G, is a regional economic development plan created to ensure the future economic viability of our "larger community" of Southeast Minnesota. J2G has created and supported efforts that diversify and grow our regional economy beyond healthcare, focusing its resources on other growth sectors such as manufacturing and agriculture. J2G supports the regional entrepreneurial ecosystem through programs, assets, capital investments and more. Journey to Growth challenges Southeast Minnesota to "think differently" and identify strategic actions that allow our area to think, act, and compete like an economic development region.

  • Minnesota Pipeline Program

    The Minnesota PIPELINE (Private Investment, Public Education, Labor and Industry Experience) Program is an innovative approach to address current and future workforce needs. It serves as a catalyst for developing industry-based, employer-driven, dual-training programs throughout the state. The program targets four high-growth industry sectors with limited experience with Minnesota’s apprenticeship system: advanced manufacturing, agriculture, health care services, and information technology. By leveraging Minnesota’s success with registered apprenticeship and focusing on the targeted industries, the PIPELINE Program is assisting employers to change the question from "How do we get workers with the skills we need?" to "How do we give workers the skills we need?"