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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...

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Three Sisters project revealed

Three Sisters project revealed

Three Sisters project revealed Over 100 hear of ambitious vision for the three sites May 6, 2018 Chuck Hunt - Register Editor (chunt@faribaultcountyregister.com"    Just over 100 residents of Blue Earth came to Hamilton Hall...

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Holl takes over as Wells administrator

Holl takes over as Wells administrator

Holl takes over as Wells administrator Former business owner has served on 3 different city councils May 13, 2018 Katie Mullaly - Register Staff Writer (kmullaly@faribaultcountyregister.com"   It has been a highly anticipated arrival for...

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County EDA says 'thanks, but no thanks'

County EDA says ‘thanks, but no thanks’ They turn down offer to take over FCDC’s $14,350 web domain February 25, 2018 Robert Brewer - Register Staff Writer , Faribault County Register   The now disbanded Faribault County...

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She's all excited about the job

She's all excited about the job

She’s all excited about the job New CEDA rep ready to help Blue Earth, Faribault County February 4, 2018 Chuck Hunt - Register Editor , Faribault County Register   She may be new to the job, but...

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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),...

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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...

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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...

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A Million Dollar Announcement

BE receives grant for industrial park.  by Chuck Hunt, Faribault County Register, September 30, 2013.  It was the news that city of Blue Earth officials have been holding their breath...

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It's Actually Happening - Albert Lea Tribune.com, by Kelli Lageson, May 15,…

WELLS — It’s finally coming together.That was the sentiment echoed by many who attended the groundbreaking for the new school building on Wednesday in Wells. Dirt is already being moved...

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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.