Press Release: Southeast Minnesota Capital Fund Ready to Launch

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Rochester, MN – Join us on Tuesday, August 15th, 2017, at 9:00 a.m. at the Mayo Clinic Business Accelerator (221 1st Avenue SW, Suite 202, Rochester, MN 55902) for the official announcement of the Southeast Minnesota Capital Fund.

After months of planning and behind the scenes efforts, the Southeast Minnesota Capital Fund LLC is ready for launch. The fund, created by Rochester Area Economic Development, Inc. (RAEDI), and spearheaded by Journey to Growth (J2G), is funded by a group of 25 angel investors who will help support the growing number of startup companies in the medical and technology fields who have the potential to deliver significant returns. While not geographically limited, the primary investment focus of the fund will be the southeast Minnesota region.

“Angel investors are typically one of the first sources of funding for innovative startups. And these startups may be tomorrow’s large employers of the region.  There are numerous angel funds in the metro area but this is the first one here,” said Xavier Frigola of RAEDI and Secretary/Treasurer of the Fund.

Learn the details and timeline from creation to completion from the RAEDI and J2G teams. David Herbert, one of the fund investors will explain the decision on becoming an angel investor. In addition, hear from long-time local entrepreneur, Al Berning, on the importance of providing investment opportunities like the Southeast Minnesota Capital Fund and the impact on successful startups and the entrepreneurial ecosystem.

We will have a short program starting at 9 a.m. with refreshments and networking to follow. Public parking is available at the 3rd St Parking Ramp (100 3rd Street SW. Rochester, MN 55902).

Please feel free to share within your network.

 

About Journey To Growth (J2G)

The Journey To Growth Partnership is a 501c3. J2G is a comprehensive five-year strategy coordinated by Rochester Area Economic Development, Inc. (RAEDI) and the Rochester Area Chamber of Commerce to effectively grow and diversify the economy of the southeast region consisting of the following counties without borders: Dodge, Fillmore, Freeborn, Goodhue, Houston, Mower, Olmsted, Steele, Wabasha and Winona. For more information on the Journey To Growth Partnership visit www.j2gmn.com and J2G Facebook.

 

About Rochester Area Economic Development, Inc. (www.raedi.com)

Incorporated in 1985 and headquartered in downtown Rochester, Minnesota, Rochester Area Economic Development, Inc., (RAEDI) works to encourage local business expansion and new business locations in the Rochester area.  RAEDI’s primary goal is to attract, retain and assist the growth and expansion of base business within the Rochester region. Some of the 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. For more information on RAEDI and 504 Corporation visit www.raedi.com , LinkedIn , Facebook , Twitter and www.504corporation.com