FEDA approves three loans

25 Nov 2021


FAIRMONT– The Fairmont Economic Development Authority approved three loan requests at their monthly meeting on Monday night. One of those includes a new business project that could bring a brewery to Fairmont.

The first loan will be made to a startup business project if that business is allowed to purchase the sale of the Senior Center building located at 414 Downtown Plaza. A proposal has been sent to the City Council which it will review and decide on in its next meeting on Monday.

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The Fairmont Economic Development Authority (FEDA) coordinates and administers economic development initiatives for the City of Fairmont, MN. It serves as a comprehensive and premier resource for businesses seeking to startup, grow and locate in the area. FEDA’s priorities include business retention and expansion, financing, workforce development, recruitment, site development, housing and business startup. FEDA prides itself as a growing resource for Fairmont, MN news.