As the largest and oldest city in Rice County, Fairbault combines all the charm of a historic small town with a vibrant business climate focused on the 21st Century.
The city was established along the banks of the Straight and Cannon Rivers in 1852 by Alexander Fairbault, a fur trader who saw opportunity in the strategic location. This location continues to draw businesses that want direct access to Interstate 35, a prime transportation corridor that offers employers and residents easy access to the Twin Cities and key markets in Iowa, Illinois and Wisconsin.
The strategic location is just once reason why businesses choose to locate and expand in Faribault, including SAGE
Electrochromics, Inc., an innovative “green” glass manufacturer that has been a steady employer in the city. The company plans to build a new 250,000-square-foot facility for production of its tintable glass. The 2010-2011 expansion is expected to generate 160 new, high-quality jobs. This development for Faribault is the result of its location, as well as more than $100 million in federal funding and the comprehensive business retention efforts of the city.
Faribault has infrastructure in place for commercial and industrial development, including a large “shovel-ready” industrial park along Interstate 35. The city and EDA have a variety of incentive programs available for new businesses looking to locate within the community and to help businesses grow and prosper. These programs include loans, grants, and tax incentives for eligible businesses that add jobs or tax base to the city. Faribault is also a JOBZ community, providing tax-free zones for eligible business development. The business-friendly environment is why a wide variety of businesses call Faribault home, including food services/manufacturing, construction, aviation, automotive, entertainment, supply chains and the green industry.
Faribault offers a wide variety of educational opportunities. In addition to the local public school system, residents can choose one of several private schools, including Bethlehem Academy and Shattuck-St. Mary’s Colleg Prep/Boarding & Day School. The community is also home to the Minnesota State Academics for the Blind and Deaf. Finally, South Central College in Faribault is a Minnesota Community and Technical College which provides comprehensive higher education and offers customized training for business and industry.
Businesses and employees looking to grow in this vibrant community can turn to the Rice County Small Business Development Center and the Workforce Center. Each offers targeted assistance and career or business planning advice to all types and sizes of businesses.
As the country seat, Faribault has a steady population of around 23,000 residents. The downtown has an acclaimed historic district with unique residential and commercial architecture from the late 1800s. The vibrant downtown boasts the Paradise Center for the Arts, in addition to a variety of specialty shops and services.
The City of Faribault has all the scenic and recreational amenities of a lake town, top-rated schools, and the benefits of its prime location just 30 minutes south of the Twin Cities along Interstate 35. Employers can also draw from a skilled workforce from throughout southern Minnesota. Faribault takes pride in being a small town that offers big-city opportunities.
City of Faribault: http://www.faribault.org/
Chamber of Commerce: http://www.faribaultmn.org/