Hanover

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Population, Households, and Median Income
Population:  2,938 (2010 Census)
Households:  993  (94.5% are owner-occupied)
Median Household Income:  $97,098

Location:
11250 5th St NE, Hanover, MN  55341

Development Incentives:
Rent Reimbursement Program – rental assistance to new businesses leasing spaces in the City of Hanover.  Amount is equal to three months rent or $2,400, whichever is less.  Minimum 12 month lease and must remain open to public for at least 12 months.

Hanover Revolving Loan Fund – low interest loan program for qualified industrial or commercial buildings currently or proposed to locate in Hanover.  Loan maximum at $100,000.  Interest rate is Prime minus 2, minimum rate of 2% and a maximum rate of 6%.

Hanover Matching Grant Program – façade improvement grant program for existing commercial/industrial buildings.  Funding amount is 50% of project costs or maximum $15,000.  25% of project cost grant funded through EDA with a maximum contribution of $7500, 25% of project cost 0% interest loan though EDA-max 36 month term with man contribution of $7500.

Tax Abatement • Tax Increment Financing
State/Regional Programs (Business Development Public Infrastructure Program, Redevelopment Grant Program, Minnesota Investment Fund, Wright County Revolving Loan Fund, Initiative Foundation Business Loans, etc).

General Contact Information

Brian Hagen, City Administrator
Phone 763-497-3777, ext. 1
Fax 763-497-1873

Community Amenities
North Crow River flows through downtown Hanover
Six community parks; one County Park
Crow Hassan Park Reserve – miles of trails and a popular destination for horseback riders

Miles of Bike/Pedestrian trails – connected to the Lake Independence Regional Trail, connecting Hanover to hundreds of miles of trails in the Twin Cities metropolitan area

Award-winning school district (Buffalo-Hanover-Montrose Schools) serves community

Hanover Harvest Festival (1st Saturday in August) and a number of great community events

Close to the best the Twin Cities have to offer (30 minutes to downtown Minneapolis, 45 minutes to MSP Regional Airport, 10 minutes to Maple Grove, 15 minutes to Plymouth)

Business and development friendly

Utilities:

  • Electric:  Xcel Energy & Wright Hennepin Electric Coop
  • Natural Gas:  Centerpoint Energy
  • Water/Sewer:  City of Hanover
  • Communications:  Century Link – CenturyLinkDeals.com & Comcast
    DSL.com, DIRECTV, DISH Network TV
  • Garbage:  open
  • Recycling:  Randy’s Sanitation

Major Employers:

  • Hanover Elementary School
  • Maverick Construction
  • RJ Star
  • West Air Heating and Cooling
  • River Inn
  • Roy C, Inc.
  • Caprice Doorcraft
  • Burschville Construction
  • Miller Trucking
  • Plug Technologies
  • Astro Engineering
  • Pearson Brothers
  • Comfort Matters