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Albemarle County Awards $250,000 Economic Development Contract to Faribault Economic Development Authority (April 2025)

Albemarle County logoAlbemarle County
Disclosed value
$250,000
From minutes
Approved
Apr 16, 2025
Term
5 years

The 30-second brief

What it covers

Funds have been allocated to the EDA for incentivizing economic development within the target industries and opportune businesses with grants and loans up to $250,000.

Who holds it

Faribault Economic Development Authority holds this economic development contract with Albemarle County. Its other public contracts on record include work for City of Portsmouth and City of Martinsville.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Economic Development
Amount
$250,000
Document date
April 16, 2025
Term
5 years
Vendor
Faribault Economic Development Authority
Agency
Albemarle County
Source document
board_of_supervisors_meeting_minutes_april_16_2025.pdf (Minutes)

Faribault Economic Development Authority's other public contracts

City of Portsmouth, VirginiaCooperation Agreement for Crawford Bay development approved · Jan 27, 2026UndisclosedCity of Martinsville, VirginiaCity approves land conveyance to development authority · Oct 14, 2025UndisclosedCity of Roseville, MinnesotaSpecial Tax Levy Approved for Development Authority · Sep 22, 2025$264.9KTown of Elk, MinnesotaElk River approves $429,850 tax levy for EDA · Sep 15, 2025$429.9KGlynn County, GeorgiaEconomic Dev Authority managed loan application process · Aug 21, 2025UndisclosedAll Faribault Economic Development Authority contractsVendor profile

More Albemarle County contracts

Charlottesville Area Transit (Cat)County Continues MicroCAT Transit Contract · Sep 2, 2026UndisclosedVIACounty Continues VIA MicroCAT Service Contract · Sep 2, 2026UndisclosedGreater Charlottesville Habitat for Humanity Inc (Also Known as Habitat for Humanity of Greater Charlottesville)County Approves Southwood Affordable Housing Agreement · Sep 2, 2026UndisclosedSouthwood Charlottesville LLCTemporary Easement Approved for Southwood Phase 3 · Aug 19, 2026UndisclosedMalloy Chevrolet Charlottesville LLCTax Refund Approved for Malloy Chevrolet Charlottesville LLC · Aug 19, 2026$83.9KAll Albemarle County activityAgency profile

Questions about this contract

Who was awarded the economic development contract by Albemarle County?

Faribault Economic Development Authority was awarded this economic development contract by Albemarle County, as recorded on April 16, 2025. The contract value is $250,000.

How much is the Faribault Economic Development Authority contract with Albemarle County worth?

The Faribault Economic Development Authority contract with Albemarle County is valued at $250,000, covering economic development work.

What type of contract is this?

This is a Economic Development contract, documented as a minutes record.

Where was this contract approved?

This contract appears in board_of_supervisors_meeting_minutes_april_16_2025.pdf (Minutes), dated April 16, 2025 from Albemarle County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Faribault Economic Development Authority hold?

Faribault Economic Development Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Albemarle County currently buying?

Explore Albemarle County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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