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HEDC outlines industry projects, housing needs and site work in annual report to council
Summary
Hastings Economic Development Corporation reported business retention projects, a market push on bioeconomy sites, housing-study results and a revolving loan fund update; staff said the city had 517,000 square feet of industrial space and 282 acres of developable land.
Shannon, speaking for the Hastings Economic Development Corporation (HEDC), presented the HEDC’s annual report, highlighting recent business retention and expansion work, housing study updates, site readiness efforts and revolving loan activity. HEDC reported targeted employer work this year and cited projects including Breckman Rubber expansions, a Texas-based PACHA soap operation, and investments by CPI Paperworks. HEDC said three pending CDBG-assisted expansions are expected to create more than 70 positions when complete. On site and industry work, HEDC said it has about 517,000 square feet of building space on the market and approximately…
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