Hibbing Economic Development Authority (HEDA)

Our Vision

Expansion of the Hibbing area economic base while maintaining high quality of life.

Hibbing Economic Development Authority (HEDA) Responsibilities

• 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 DEED, IRR 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.

HEDA Business Loan Guidelines & Application

HEDA has developed a business loan program with the expressed purpose as follows: "to assist in the creation and maintenance of productive, permanent skilled employment" through the establishment of new or expanding private sector business located within the City of Hibbing.

• Hibbing Economic Development Authority Loan Guidelines
• Hibbing Redevelopment District Handbook Revised
• Loan Application for HEDA
• HEDA Deferred Loan Application 

HEDA is comprised of:

• A 7-member Board (4 from public sector + 3 council members)
• Must be resident of the City of Hibbing
• Appointments for at-large members is 6 years, per state statue
• Meetings and workshops will be held the first Tuesday of the month at 5 p.m. in the council chamber, with exceptions due to holidays or scheduling conflicts:
  • January 6, 2026
  • February 3, 2026
  • March 3, 2026
  • April 14, 2026 – to keep with the council meeting week
  • May 5, 2026
  • June 2, 2026
  • July 14, 2026 – to keep with the council meeting week
  • August 4, 2026
  • September 1, 2026
  • October 6, 2026
  • November 3, 2026
  • December 1, 2026

To apply for a seat on the authority:

Fill out, download and submit this HEDA Application. 

HEDA Agendas & Minutes

View HEDA Agendas and Minutes in our Agenda Center.