Services: Economic Development Authorities
Contact: Betsy Olivanti, City Administrator
Address: 401 E 21st St , Hibbing, MN 55746
Phone: (218) 312-1600
The Hibbing Economic Development Authority (HEDA) offers development assistance for new and expansion-minded businesses interested in locating in Hibbing. This assistance can take many forms depending upon the individual needs of each client. HEDA utilizes both in-house staff and professional consulting firms to make sure all development efforts are maximized.
HEDA coordinates a loan program for construction or equipment with the Minnesota Department of Employment and Economic Development, Iron Range Resources or other area lending institutions, allowing for tremendously flexible terms.
Eight tax increment districts throughout the city offer the ability to improve infrastructure (utilities, etc.) for clients without demanding large up-front costs.
Hibbing provides a wide array of economic development incentives including Industrial Revenue Bond capabilities, four industrial park sites with low-cost land and buildings and a district steam system for heating at very reasonable prices.
Planning is also ongoing to develop a comprehensive plan for community and economic development of Hibbing and the central Iron Range area. HEDA is also working to develop a technology center to function as an incubator for new businesses.
Hibbing Economic Development Authority serves the Northland, Arrowhead, Duluth MN Superior WI MSA, and St. Louis county areas.