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Faribault Economic Development

Every published summary we have tied to Faribault Economic Development in Faribault, grouped into one page so residents can follow the issue without digging through individual meetings.

Summaries

Municipality

Faribault

Last updated

Aug 22, 2026

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Meeting coverage connected to Faribault Economic Development.

Briefing

Mar 24, 2026

EDA approves incentives for 76-apartment project

The Economic Development Authority unanimously approved a tax-increment-financing proposal and development agreement for Riverchase II Apartments, involving approximately 76 apartments and $725,000 over nine years at 6.5%. Members also approved a downtown improvement loan, payment of FaribaultMill-related legal expenses, and up to $15,000 for an economic analysis.

2 min readMunicipal coverage

Faribault Economic Development

Related summaries

EDA approves incentives for 76-apartment project

EDA backs proposed $250,000 downtown headquarters loan