HEDA Expanded and Deferred AMGS Loan Obligations
City of HibbingCity · Hibbing, MN- Disclosed value
- $188,000.00 expanded to $250,000.00 (prior loan)
- From agendapacket
- Document date
- May 5, 2026
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THE 30-SECOND BRIEF
HEDA previously expanded AMGS’s loan from $188,000 to $250,000 and granted deferrals on principal payments and facility rent to support the company’s expansion. These amended terms form part of AMGS’s existing business subsidy arrangement with the authority.
Advanced Machine Guarding Solutions holds this financial services contract with City of Hibbing. Its other public contracts on record include work for THE HRA OF HIBBING, MINNESOTA.
Term as filed: Principal payments deferred June 1, 2025 through December 1, 2025; rent on new building deferred until July 2026.
Contract details
- Contract type
- Financial Services
- Amount
- $188,000.00 expanded to $250,000.00 (prior loan)
- Document date
- May 5, 2026
- Term
- Principal payments deferred June 1, 2025 through December 1, 2025; rent on new building deferred until July 2026
- Agency
- City of Hibbing
- Source document
- Hibbing Economic Development Authority Meeting Agenda May 2026 (AgendaPacket)
Advanced Machine Guarding Solutions's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Hibbing?
Advanced Machine Guarding Solutions was awarded this financial services contract by City of Hibbing, as recorded on May 5, 2026. The contract value is $188,000.00 expanded to $250,000.00 (prior loan).
How much is the Advanced Machine Guarding Solutions contract with City of Hibbing worth?
The Advanced Machine Guarding Solutions contract with City of Hibbing is valued at $188,000.00 expanded to $250,000.00 (prior loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Hibbing Economic Development Authority Meeting Agenda May 2026 (AgendaPacket), dated May 5, 2026 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Advanced Machine Guarding Solutions hold?
Advanced Machine Guarding Solutions may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Hibbing currently buying?
Explore City of Hibbing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.