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

  • H.E.D.A. 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.
  • H.E.D.A. 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

The Hibbing Economic Development Authority (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.

HEDA Agendas & Minutes

View HEDA Agendas and Minutes in our Agenda Center.

Betsy OlivantiCommunity Development Director
Shari Majkich Brock
President/March 31, 2026
Roger Kivela
Vice President/March 31, 2025
Steve Jurenes
Member/December 31, 2023

Member/March 31, 2024

Pete Hyduke
John Schweiberger
Jennifer Hoffman-Saccoman
Greg Pruszinske 
City Administrator
Candie SeppalaCity Clerk - Deputy Administrator
Andy BorlandCity Attorney