Regional Economic Development Alliance (REDA)
The Greater Mankato regional marketplace includes Blue Earth and Nicollet counties and the communities immediately adjacent.
Each of the communities and counties in Greater Mankato has its own unique strengths, which together combine to create a robust portfolio of regional assets. In 2009, a progressive group of these communities and counties joined together with Greater Mankato Growth to efficiently provide both regional and individual city and county information to businesses interested in the Greater Mankato marketplace, this group is known as the Regional Economic Development Alliance or REDA.
Objective
To retain and grow the primary economic base of the Greater Mankato regional marketplace through business retention, new enterprise, emerging business development, and new business development.
Purpose
It has become broadly accepted, embraced, and understood that economic prosperity and activities do not stop at jurisdictional boundaries. Rather, our economic and community prosperity lies in the success of our collective and immediate marketplace.
For this reason, the parties wish to facilitate economic development of the communities that make up the Greater Mankato regional marketplace. This endeavor will offer a “forum to strategically facilitate regional assets and opportunities” for the purpose of business development, and will enable us to enhance and develop our future economic prosperity.
Guiding Principles
- Economic prosperity
- Atmosphere of cooperation
- Unique strengths and characteristics
- Direct technical assistance
- Efficient and effective delivery
- Supportive Actions
- Workforce development
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