Economic Development one of the City's strategic priorities as identified in the 2040 Vision.

"Faribault's economic vitality reflects the quality of life found in the community. Proactively attract and retain a broad mix of quality businesses that provide quality jobs, strengthen our tax base, build on our existing industrial parks and commercial corridors, and promote tourism."

The Faribault Economic Development Authority (EDA) has the responsibility of identifying and carrying out initiatives and efforts that support and encourage business growth, retention, and attraction. 
The EDA works in concert with City Council and select economic development partners to ensure existing and prospective businesses have access to the tools, data, and resources they need. Contact the department staff to assist you with any of your business development and expansion needs at 507-334-0100

​Economic Development News Release

Downtown Funding Available
2019 Downtown Commercial Rehabilitation and Exterior Building Improvement Program 
The EDA is offering the 2019 Downtown Commercial Rehabilitation and Exterior Building Improvement Program with some modifications from prior program year's guidelines.
The 2019 program funding is available on a first-come first-serve rolling application period.
Select 2019 Commercial Rehabilitation Program and Application to download the application. 


Development Toolbox
Research Demographics
Available Properties