FINANCIAL_SERVICESPENDING

HEDA considers $296,000 predevelopment loan to Rebound

The Hibbing Economic Development Authority conducted a public hearing on a proposed $296,000 predevelopment loan to Rebound Partners for the Iron Exchange at 400 redevelopment project. The loan would be drawn as needed and reimbursed at project closing if the project is completed, with no repayment if the project fails.

Status
PENDING
Document date
September 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rebound Partners
Agency
City of Hibbing · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$296,000
Contract type
FINANCIAL_SERVICES
Contract term
Draw loan; initial draw $155,000 for July–August 2026, then $35,000 per month; reimbursed at project closing if project proceeds
Renewal
Proposed business subsidy loan; terms indicate reimbursement upon successful project closing, with no repayment if the project does not proceed. No renewal language identified.
Document type
Agenda
Source document
Hibbing Economic Development Authority Agenda 2026-09-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Hibbing?

Rebound Partners was awarded this financial services contract by City of Hibbing, as recorded on September 1, 2026. The contract value is $296,000.

How much is the Rebound Partners contract with City of Hibbing worth?

The Rebound Partners contract with City of Hibbing is valued at $296,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Hibbing Economic Development Authority Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rebound Partners hold?

Rebound Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Hibbing currently buying?

Explore City of Hibbing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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