415 South Grove Street Suite 4 · Blue Earth MN 56013 · Map
(507) 526-6275

About Us Board Members business resources Communities Contact Us EDA Agenda EDA Minutes

  Starting a Business Icon Bar
  News Icon Bar

June Business Spotlight

June Business Spotlight

The EDA met at First Financial Bank in Winnebago to spotlight the business. Bill Erickson, President of the bank accepted the certificate. First Financial Bank sponsors many community events, and...

Read more

May Business Spotlight

May Business Spotlight

The Faribault County EDA met at The Bean in Wells to spotlight the coffe shop. Each month, the EDA chooses a business to spotlight at the meeting. The Bean features...

Read more

County, Blue Earth, no longer share

County, Blue Earth, no longer share

County, Blue Earth, no longer share CEDA’s Annie Leibel started working for county’s EDA December 30, 2018 Chuck Hunt - Register Editor chunt@faribaultcountyregister.com, Faribault County Register   And now there are two.A second economic development specialist...

Read more

Tim Penny tells County Board of day care issues

Tim Penny tells County Board of day care issues

Tim Penny tells County Board of day care issue July 8, 2018 Robert Brewer - Register Staff Writer , Faribault County Register   At last Tuesday's County Board meeting, Southern Minnesota Initiative Foundation (SMIF) President and...

Read more

Blue Earth ready to get REVed up

Blue Earth ready to get REVed up

Blue Earth ready to get REVed up REV group will help out businesses July 1, 2018 Robert Brewer - Register Staff Writer , Faribault County Register   With the help of the Southern Minnesota Initiative Foundation (SMIF),...

Read more

County EDA opts to hire full-time director

County EDA opts to hire full-time director July 22, 2018 Robert Brewer - Register Staff Writer (rbrewer@faribaultcountyregister.com"    The Faribault County Economic Development Authority passed a motion at the last EDA meeting in Blue...

Read more

Ground Breaking

Looking to the future Construction begins on new North Industrial Park July 20, 2014 By Chuck Hunt - Register Editor chunt@faribaultcountyregister.com) , Faribault County Register Just shortly after an official...

Read more

It's official and a good fit, too. The Courier-Sentinel Staff Writer, May 3…

Although it wasn't a surprise - the merger of the former State Bank of Bricelyn with Farmers Trust and Savings Bank of Buffalo Center, Iowa was announced last December -...

Read more

County EDA opts to hire full-time director

July 22, 2018
The Faribault County Economic Development Authority passed a motion at the last EDA meeting in Blue Earth to address their needs of additional staffing.

The board voted to hire a full-time county EDA director for five days per week, with a budget not to exceed $100,000. Currently, Mary Kennedy of Community and Economic Development Associates (CEDA), splits her responsibilities between working as the county EDA director, and as a CEDA development specialist for the city of Blue Earth.

According to EDA board member and county commissioner Bill Groskreutz, the Faribault County Board of Commissioners has not yet addressed the topic of EDA staff budgets.

Meanwhile, Ron Zeigler, president and CEO of CEDA, believes the additional staffing will provide extra flexibility for the county.

"I think this could be a dynamic opportunity where you have a contracted person at four days a week with the city, and you also have a county EDA director at five days a week," Zeigler said at the meeting. "More importantly, there's going to be the opportunity to bounce ideas and thoughts off of each other, there's also going to be the opportunity to expand your hours."

Also at the meeting, the board approved a loan request in the amount of $62,977 from the Cedar Inn in Blue Earth. As part of the USDA revolving loan fund, the five-year agreement consists of a 3.5 percent interest rate.

Blue Earth city administrator Tim Ibisch, who was also in attendance, explained his reasoning for supporting the loan request.

"The loan request seemed viable because the business has cash flow. They have shown some losses, but that is to be expected," Ibisch said. "This is what the loan fund is for, to promote local businesses, and money is moving, so it seems reasonable."

According to Cedar Inn business owner Marc Meier, the loan will go towards upgrades of the car wash facility. The building was originally constructed in 1980.

The next county EDA meeting will take place on Aug. 21 in Wells at 3 p.m.