Faribault Area Micro Summit: State of the Market

Summary

Faribault Area Micro Summit: State of the Market
Friday, November 9, 2018
12:00 PM - 4:00 PM Program
South Central College
1225 3rd Street SW, Faribault, Minnesota 55021, USA

10:30 AM This is Faribault - Historic to High Tech Industry Tours
Tours will depart from South Central College at 10:30 AM
• Faribault Woolen Mill
• Faribault Foods

12:00 Lunch and Opening Remarks
Dr. Annette Parker, President, South Central College

12:10 PM Faribault Area State of the Market
Moderator: Deanna S. Kuennen
, Economic Development Director, City of Faribault
Brigid Tuck, Research, University of Minnesota Extension Center for Community Vitality
Kelcey Woods-Nord, Apprenticeship & Internship Coordinator, South Central College
Jeff Rossate, Director of Business Development, MN Dept. of Employment and Economic Development
Jane Lebert, HR Manager, SageGlass
• What is the current State of the Economy in the Faribault Area
• What is the main workforce sources to support new business and how are they trained
• Populations and workforce trends that are impacting the real estate market
• Local Workforce development initiatives to meet local workforce demands
• The impact of a growing workforce population in Southeastern Minnesota: Population and demographic trends in Faribault

1:00 PM Business Park & Industrial Park Development & Opportunities
Moderator: Tim Murray, 
Administrator, City of Faribault
Troy Zabinski, CFO, Met-Con Companies
Kim Huxford, Steele-Waseca Cooperative Electric
Will Fort, Vice President/General Manager, Daikin Applied Air Handling
• Current State of Faribault Business Park: Vacancy Rates, Market Size, Trends, & Opportunities
• Who are the local employers and what businesses are coming to the area
• Transportation and other amenities that are crucial to the region
• What do Site Selectors and Brokers need to know
• Why are companies expanding in Faribault

2:00 PM Break

2:15 PM Faribault Commercial Real Estate Market Update
Moderator: Pam Bishop,
VP of Economic Development, Southern MN Initiative Foundation
John Jasinski, State Senator  (District 24)
Dave Wanberg, City Planner, City of Faribault
Stein Bruch, President & CEO SteinAir, Inc.
• New opportunities for development happening in the Faribault area right now
• What types of projects are in consideration for development?
• What are the challenges with development vs. redevelopment?
• Who is active in the Faribault market place and what is their risk tolerance and expected returns

3:15 PM Growing a Global Economy
Moderator: Sara Folsted,
Administrator, Rice County
Gary Kindseth, Former VP of Faribault Foods (Retired)
David Tieman, Director of Operations, Faribault Foods, Inc.
Laurence Reszetar, Director of Foreign Direct Investment, Minnesota Trade Office
• Current impact of Foreign Direct Investment in Faribault
• The future growth and marketing of FDI in Faribault
• Learn how Faribault has partnered with global companies to leverage investment
• Local success stories about how international companies have grown and thrive in Faribault
• Anywhere USA, why Faribault? Why Faribault works well for International investment

4:00-6:00 PM Taste of Faribault Reception at the Cheese Cave
The Cheese Cave – 318 Central Ave, downtown Faribault
Beverages, Light Appetizers, and Door Prizes

Faribault Area Micro Summit: State of the Market

Details

  • When

  • Friday, November 9, 2018
    12:00 PM - 4:00 PM
    Central Time

  • Where

  • South Central College
    1225 3rd Street SW
    Faribault, Minnesota 55021
    USA

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