Edits

Entrepreneurialism

Material gains— Minnesota

Preface

Faribault Woolen Mill Co seemed dead and buried when it was forced to close in 2009. Its renaissance under the guidance of two local businessmen has proven blanket-like: comforting and all-encompassing.

Factory, Industry, Mill, Start-ups, business, wool

When Faribault Woolen Mill Company closed its doors in 2009 it seemed that one of America’s most venerable blanket-makers would be left to history. However, such concerns were premature: two enterprising Minnesota businessmen have given the firm a second life.

Just before the turn of the 20th century America’s Upper Midwest was home to some 800 woollen mills. Minnesota’s Faribault Woolen Mill Co, founded at the close of the American Civil War in 1865, would ultimately become the region’s most successful. The original “one-man mill” consisted of…

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