city-of-rochester-city-council-study-session-agenda-august-25-2025_637.pdf
Budget Continues Support for RAEDI Economic Development
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Description
The 2026–2027 proposed budget continues $75,000 annually for RAEDI to support business development and the City’s revolving loan program, with consideration of increasing the allocation to $97,000. This maintains core economic development services.
Contract Details
Contract Amount
$75,000 in 2026; $75,000 in 2027 (high-end scenario up to $97,000)
Vendor
RAEDI
Agency
City of Rochester, MN
Contract Type
OTHER
Document Date
August 25, 2025
Contract Term
2026–2027 budget cycle
Renewal Date
2027-12-31
Renewal Info
Ongoing service funding proposed through 2027, with potential expansion of operating support based on Council direction.
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