Land for a DOLLAR!

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Fully serviced lots are available in the Hastings Business and Industrial Park for only one dollar per acre under the City of Hastings: Land Credit Program. The market value of the land is held as a deferred loan against the property and, upon completion of certain job, wage, and construction improvement values, the loan is satisfied, with no further obligations.

This program allows businesses greater ability to invest in buildings/capital improvement and job creation, instead of raw land. Since 1997, the Land Credit Program has fostered the construction or expansion of 19 businesses, creating over 120 jobs and an investment of nearly $11.1 million in new commercial space.

If you have any questions or would like to submit an application for the Land Credit Program, please contact Morgan Hill, Economic Development Coordinator, at mhill@hastingsmn.gov or 651-480-2379.