Faribault Economic Development Authority Meeting Agenda April 16, 2026
EDA Renews Service Agreement With Faribault Chamber
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Description
The Faribault EDA entered into a late-2024 service agreement with the Faribault Area Chamber of Commerce and Tourism, providing $17,000 for business development services including events, SBDC operations, coaching, and incubator management. The contract defines specific services in exchange for EDA funding.
Contract Details
Contract Amount
$17,000
Vendor
FARIBAULT AREA CHAMBER OF COMMERCE AND TOURISM
Agency
City of Faribault, MN
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 16, 2026
Contract Term
Late 2024 through 2025 (exact dates not specified)
Renewal Date
2025-12-31
Renewal Info
New service agreement executed in late 2024 following a lapse in 2023; may be updated for 2026 based on performance review and additional services.
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