State Law gives Minnesota cities the power to use tax increment financing (TIF) and tax abatement to promote economic development. While every city has the same statutory authority, Hastings is uniquely equipped to use these tools to assist your project. Prior to joining the City of Hastings, the City’s Economic Development Coordinator worked for almost 36 years as a financial and development advisor to Minnesota cities. He has worked on more than 200 projects involving the use of TIF or abatement. This experience gives Hastings unique ability to explore options for using these tools to benefit your project.
For more information on TIF and Tax Abatement in Hastings, please Rusty Fifield, Economic Development Coordinator, at (651) 480-2379 or firstname.lastname@example.org.