Regional Capital Investment Fund Hits $2 Million Goal
Summary
“The goal of the Fund is to provide much needed, but very scarce, seed capital to new companies with strong growth potential. The Journey To Growth Partnership (J2G) is a comprehensive five-year strategy coordinated by Rochester Area Economic Development, Inc. (RAEDI) to effectively grow and diversify the economy of the southeast region consisting of the following counties: Dodge, Fillmore, Freeborn, Goodhue, Houston, Mower, Olmsted, Steele, Wabasha and Winona. RAEDI’s primary goal is to attract, retain and assist the growth and expansion of base business within the Rochester region. Services provided include financial packaging, business planning, site/location support and business/community advocacy. The 504 Corporation was incorporated under RAEDI in 1990 to provide better access to the U.S. Small Business Administration’s (SBA’s) 504 Loan Program.
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