Tag: FCDC

Now that the Faribault County Development Corporation (FCDC) has dissolved, the board of directors will have to decide what to do with any remaining assets. Reasons as to why the private, non-profit development group suddenly folded have not been made public. Tripleanews.com has reached out to Mike Gustafson, FCDC board chairman, and has not received […]

Despite receiving more than $100,000 in public funding, city and county leaders are wondering why a private, non-profit development corporation has dissolved. “It surprised me, yes. I was very, very surprised,” says Faribault County Commissioner Bill Groskreutz. “We haven’t gotten any written notification of this or a reason from the board of directors.” On Monday […]