Hastings Economic Development Corporation

What Hastings Economic Development Corporation does

Hastings Economic Development Corporation (HEDC) is a non-profit economic development corporation founded in 1973 and headquartered at 301 S Burlington Avenue in Hastings, Nebraska, co-located with the Hastings Area Chamber of Commerce. It operates with five full-time staff — Executive Director Shannon Landauer and four Directors covering Business Development, Operations, Marketing and Promotions, and Community Vitality — and serves south-central Nebraska by supporting business attraction, existing-industry expansion, workforce development, housing development, and downtown revitalization. Core programs include the HEDC Business Development Services portfolio (site/building location, financial packaging, business planning), three industrial parks (West up to 179 acres, North 71 acres, East), multiple financing tools (HEDC Revolving NDO Loan Fund, Housing Revolving Loan Fund, TIF, PACE), the Schnase 1906 District coworking/incubator space, the Elevate intern engagement program, the CareerPathway.com platform partnership, and the Manufacturing Pathway Advisory Team (MPAT) with local education partners. Named beneficiary businesses span manufacturing (Thermo King, Centennial Plastics, Bruckman Rubber), food processing (Noah's Ark Processors), and consumer goods (Pacha Soap), supported via revolving loan funds and CDBG-backed grants.

HEDC's business model is funded primarily through contributions from 60+ local investor businesses, Nebraska Department of Economic Development Rural Workforce Housing Funds, federal Community Development Block Grants administered via the City of Hastings, TIF and PACE administration fees, and miscellaneous program income. There is no commercial product revenue; the CareerPathway.com platform is offered free to all users. Strategic partnerships anchor nearly every program line: HEDC collaborates with Hastings College, Central Community College, Bryan College of Health Sciences, Hastings Public Schools, the Hastings Area Manufacturers Association, the Community Redevelopment Authority, Queen City Development, and the Business Improvement District. In 2025 HEDC received three International Economic Development Council Excellence Awards (Bronze for Neighborhood Development, Bronze for Economic Development Organization of the Year, Silver for Multi-Year Collaborative Economic Development) and was selected to host the 2027 Nebraska Economic Developers Association Annual Conference, signaling external validation of its operating model.

Name

Hastings Economic Development Corporation

Legal name

Hastings Economic Development Corporation

Website

https://hastingsedc.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

Hastings Economic Development Corporation is a non-profit economic development corporation founded in 1973 that supports business attraction, existing-industry expansion, workforce development, housing, and downtown revitalization in Hastings, Nebraska, through financing tools, three industrial parks, coworking/incubator space, and education partnerships.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

Private Foundations (BPAGAKAA)

Keywords

• Economic development services
• Business attraction programs
• Revolving loan funds
• Industrial park management
• Workforce development programs

Headquarters

HQ city

Hastings

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Membership and Investor Contributions: HEDC operates as a non-profit economic development corporation funded by local business investors who contribute time and resources to economic development efforts. Many Hastings area businesses contribute to the success of economic development efforts in the Adams County area with their investment of time and resources.
2. Revolving Loan Fund Administration: HEDC manages revolving loan funds including the Business Revolving Loan Fund, Housing Revolving Loan Fund, and Rural Workforce Housing Fund (RWHF) loan program. These programs provide gap financing to expand local businesses and increase access to affordable housing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Hastings Economic Development Corporation (HEDC) is a private nonprofit that drives economic growth in Hastings, Nebraska through business attraction and expansion services, site selection support, industrial park management, and access to financing tools including revolving loan funds, Tax Increment Financing (TIF), and PACE Financing. It also operates the Schnase 1906 District coworking/incubator space, the Elevate internship program, and the CareerPathway.com workforce platform partnership.

Product overview

Hastings Economic Development Corporation (HEDC) operates as an economic development organization offering a portfolio of business development, financing, and workforce development programs rather than a unified technology product. Core offerings include business development services (site location, planning, financing), the Schnase 1906 District coworking/incubator space, revolving loan funds for business and housing development, Tax Increment Financing (TIF), PACE financing programs, and workforce initiatives including the Elevate intern program and CareerPathway.com platform partnership. The organization also manages three industrial parks and various housing development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• HEDC Business Attraction and Expansion Services Direct economic development services for businesses considering Hastings, Nebraska or seeking to expand in the area. Includes site selection, coordination of incentives, and concierge support for new and existing businesses.
• Schnase 1906 District A mixed-use facility offering coworking space, small-business offices, and event space for entrepreneurs, startups, and local businesses in downtown Hastings.
• HEDC Revolving NDO Loan Fund A revolving loan fund administered by HEDC to provide financing for business growth projects, including a recent $10 million expansion at Chief Buildings.
• HEDC Housing Revolving Loan Fund A revolving loan fund that provides gap financing for housing developments in Hastings.
• Tax Increment Financing (TIF) Public financing tool administered through HEDC to support qualifying development and infrastructure projects by capturing future property tax gains.
• PACE Financing Financing program that funds energy efficiency and clean energy improvements on commercial properties, repaid via property assessments.
• North Park Commons Housing Development A community housing development initiative led by HEDC to expand workforce housing supply in Hastings.
• Elevate Internship Program A talent retention and workforce development program that places college students into internships with local businesses to encourage post-graduation employment in the Hastings area.
• Industrial Parks (Adams County, East Hastings, South Hastings) Three HEDC-managed industrial parks providing ready-to-develop sites for manufacturing, commercial, and industrial businesses in the Hastings area.

Quantifiable outcome

• Thousands of new jobs created through business projects
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Community Redevelopment AuthoritycoreStrategic or Co-development Partner · 1 October 2025Collaborated on downtown Hastings revitalization projects including Theatre District and North Park Commons. Partnership recognized with IEDC Silver Award in Multi-Year Collaborative Economic Development.
• Queen City DevelopmentcoreStrategic or Co-development Partner · 1 October 2025Partnered on downtown Hastings revitalization initiatives. Part of the collaborative effort that received IEDC Silver Award recognition.
• Business Improvement DistrictcoreStrategic or Co-development Partner · 1 October 2025Collaborated on downtown development projects including Theatre District redevelopment. Part of IEDC-recognized partnership.
• CareerPathway.comcoreStrategic or Co-development Partner · 1 January 2025In 2025, HEDC partnered with CareerPathway.com to introduce the innovative career platform to the Hastings community. Platform bridges gap between students, educators, businesses, and job seekers.
• Hastings CollegecoreStrategic or Co-development PartnerHigher education institution offering 60+ majors and 12 pre-professional programs. Provides employers with educated and talented workforce. General education courses for Bryan College nursing students.
• Central Community CollegecoreStrategic or Co-development PartnerHastings Campus offers degrees, diplomas and certificates in 28 career and technical education programs. Partner with HAMA and Hastings Public Schools on Manufacturing Pathway Advisory Team (MPAT). Operates Entrepreneurship Center and small business incubator.
• Bryan College of Health Sciences - Nursing (Hastings Mary Lanning Campus)coreStrategic or Co-development PartnerFour-year nursing program at Mary Lanning Campus. Students take general education through Hastings College with clinical opportunities at Mary Lanning Healthcare and Grand Island Regional Medical Center. Graduates guaranteed employment.
• Hastings Area Manufacturers Association (HAMA)coreStrategic or Co-development PartnerFormed Manufacturing Pathway Advisory Team (MPAT) with Central Community College and Hastings Public Schools in 2013. Works to build relationships between manufacturing students, parents, educators and manufacturers. Has secured grants for equipment and developed scholarship programs.
• Hastings Public SchoolscoreStrategic or Co-development PartnerPartner in MPAT (Manufacturing Pathway Advisory Team). Advanced Manufacturing course at Hastings High School replicates first semester of CCC program, giving students 12 credits toward degree.
• Schnase 1906 DistrictminorStrategic or Co-development PartnerHEDC supports the Schnase 1906 District coworking and business incubator space, providing entrepreneurs flexible workspace options and business development resources in downtown Hastings.
• Elevate Program Business ParticipantsminorGTM or Marketing PartnerParticipating businesses in the Elevate intern engagement program include Thermo King, Cooperative Producers Inc., Ridgeline CPAs, Core CPAs, Pacha Soap, Mary Lanning Healthcare, Bert's Pharmacy, Hy-Vee, Nova-Tech, and Hastings College Scott Scholars.
• The Retail CoachminorStrategic or Co-development PartnerHEDC partners with The Retail Coach along with Hastings Area Chamber of Commerce and City of Hastings for demographic, market demand and spot analysis reports to help potential businesses understand opportunities in Hastings.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Lincoln Partnership for Economic Development: Lincoln, Nebraska's primary EDO. Highly comparable as a Nebraska-based local economic development corporation delivering business attraction, retention, workforce, and financing programs for a single metro area.
• Greater Springfield Partnership: Springfield/Clark County, Ohio EDO. Comparable as a smaller-metro local EDO operating industrial parks, workforce programming, and business financing tools.
• Grand Island Area Economic Development Corporation: Grand Island, Nebraska EDO. Comparable in scale, mission, and rural Nebraska operating context to HEDC, with overlapping focus on industrial parks, workforce programs, and business retention.
• Greater Sioux Falls Development Foundation: Sioux Falls, South Dakota EDO. Comparable Midwestern local EDO delivering business attraction, retention, workforce, and incentive packaging to companies.
• Fostoria Economic Development Corporation: Small-town Ohio EDO providing industrial parks, revolving loan funds, and workforce support. Highly comparable in scale and operating model to HEDC's small-town Nebraska EDO profile.

Regional players

• Siouxland Chamber of Commerce: Tri-state Siouxland (IA/NE/SD) chamber/EDO. Comparable industrial-park and workforce development programming from a neighboring Great Plains regional perspective.
• Quad Cities Chamber: Quad Cities (IA/IL) regional chamber with EDO functions. Comparable in delivering industrial park, workforce, and small-business support across a similar Midwestern community profile.
• Greater Rochester Enterprise (GRE): Rochester, NY regional EDO. Comparable function across business attraction, workforce, and incentive packaging, though operating in a different geographic region.

Broad incumbents

• Greater Omaha Chamber: Larger Nebraska EDO/chamber hybrid serving the Omaha metro. Comparable function (business attraction, workforce, advocacy) at a larger scale, providing a useful benchmark for HEDC's program breadth.

Others

• The Retail Coach: Retail market-analysis consultancy that partners with HEDC to provide demographic and retail demand reports. Adjacent ecosystem participant rather than a competing EDO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hastingsedc
• LinkedInlinkedin.com/company/hastings-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hastings Economic Development Corporation