Economic Development

Faribault is a strong market with unique opportunities in commercial, residential, and industrial development. Visit the Economic Development Authority Web site to learn why Faribault is the perfect place for your business or family.

Official Economic Development Authority website (includes the Development Toolbox)

Economic Development Authority (Boards & Commissions page)

Faribault's Economic Development Authority is responsible for a number of locally initiated development and redevelopment programs: tax increment financing, industrial loan programs, commercial rehabilitation programs and an assortment of public improvements projects. Funding support is governed in large part by the EDA's Tax Increment Financing and Business Subsidy policies.

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