Economic Development

 Thriving 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 and economic development needs.

Economic Development Resources

Development Toolbox
This online toolbox provides easy access to local, regional, and state resources to assist with land and business development in Faribault.
Studies & Research
The City of Faribault has many relevant and recent demographic, workforce, and market studies in one place - to help businesses make informed decisions. This page (under construction) will serve as a "one-stop" location to access data pertinent to economic development.
Available Land
Land is available in Faribault to support your business growth needs. This online database provides access to land opportunities. 
 Site Selector Information
The City of Faribault understands that a wide variety of factors influence site selection decisions. This page (under construction) will include access to programs, data, maps, and information that highlight opportunities and advantages of growing your business in Faribault.