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EDA reports loan funds, AMGS expansion and DEED grant application
Hibbing City Council · August 9, 2024
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Summary
The Economic Development Authority reported loan‑fund balances, an approved $9 million loan package to support AMGS expansion and a $407,000 DEED redevelopment grant application for East Howard Street properties.
Betsy Olavanti, speaking for the Hibbing Economic Development Authority, briefed council on the EDA’s finances and projects, including loan fund balances, TIF performance and downtown revitalization work.
Olavanti said the EDA has $610,943.90 available to lend in Fund 250 and an…
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