The Hastings Economic Development Corporation has a strong history of working with companies to help them find the property, resources, and support they need to grow and succeed in Hastings, Nebraska. Below you'll find just a few examples of successful companies in our area.
Thermo King Announces Plant Expansion and Celebrates 30 Years in HastingsWhen Thermo King
Corporation was looking to expand its manufacturing operations in the
early 1980s, company executives evaluated over 100 locations.
But the place where they found everything they needed, a top-notch work
force, energy costs among the lowest in the nation, assistance in
reducing start-up costs, and more was Hastings, Nebraska.
In 2011, when looking to consolidate operations, Thermo King looked to Hastings once again. In August, Ingersoll-Rand officials announced that the Hastings facility would be the recipient of new product lines which would bring nearly 100 new jobs to the community over the course of the next year.
Celebrating 30 years in Hastings in 2011, Thermo King took over part of
the Hastings Industrial Park West and began operations in 1981. Developed with industrial revenue
bonds, the park featured a 106,800-square-foot speculative building that
had been constructed in 1979 to help further market Hastings as a
community of choice for Fortune 500 manufacturers.
On a handshake, then-Thermo King president Jim Sheehan had the owners of
the speculative building add 130,000 square feet to the original
building. Trust and honesty was offered from the company, and trust and
honesty is what has continued as the driving force between the community
and the business.
Thermo King Corporation started with 30 employees and now has over 250 skilled and loyal employees. Thermo King asked for no incentives when
they located in Hastings Industrial Park West, yet the company has
given back endlessly to the community.
In addition, the success of Thermo King in Hastings has led to other
successful businesses being attracted to Hastings through our
speculative building program and care in developing quality industrial
parks. Today, Hastings Industrial Park West hosts 14 different
businesses, including Thermo King.
Thermo King Corporation, a business unit of diversified industrial firm
Ingersoll Rand Company Limited, was founded in 1938 and manufactures
transport temperature control systems for a variety of mobile
applications, including trailers, truck bodies, buses, shipboard
containers and railway cars.
Dutton-Lainson Purchases Hastings Equity Grain Bin
In August 2011, The Dutton-Lainson Company closed on their purchase of Hastings Equity Grain Bin. A critical component of the deal was a $700,000 Community Development Block Grant award from the State of Nebraska. Funds will be used to assist in the purchase of assets belonging to Hastings Equity Grain Bin. In exchange for the award, Dutton-Lainson has agreed to create 40 new jobs and maintain their existing employment levels for two years at their existing Hastings facilities.
Dutton-Lainson was established in 1886 when William M. Dutton and two friends founded a harness and horse and horse collar shop. The company grew through the years to its current position as a leader in manufacturing and wholesale business, including printing and retailing. The company currently manufactures more than 800 products for marine, hardware, industrial, automotive and agricultural markets worldwide.
Drake Tool and Design Opens Facility at Hastings Industrial Park NorthIn June 2011, Drake Tool and Design moved into their new 9,000 square foot facility at Hastings' Industrial Park North. This new facility will allow the company to grow their business, where they were constrained by limited production space at their previous location. To learn more about Drake Tool, please click through to the following interview they did with HEDC in early 2011:
Drake Tool YouTube Interview
Menards Home Improvement Stores Choose HastingsIn summer 2005, north Hastings was beginning to experience a building boom. Construction on a brand-new Super Wal-Mart store was just about complete. Nearby, Dial Properties was working on plans to build the 91,000-square-foot Cimarron Mall immediately south of the Wal-Mart store.
And as many other cities have seen, soon five other commercial developers were starting to take a look at the retail potential of north Hastings, attracted by the knowledge that new Wal-Mart stores typically generate new traffic patterns and more customers.
By July, the HEDC was in discussions with one local landowner, Dr. John Yost, and a representative from Menard Inc. about possibly locating a Menards store on Yost's land in north Hastings.
Privately held Menard Inc. is a Wisconsin-based retailer of hardware, fixtures, and other home supplies and services. It is a steadily growing company with Menards stores across Wisconsin, Minnesota, Iowa, Illinois, Nebraska, North Dakota, South Dakota, Indiana, Michigan, and Ohio.
Soon, both the Yost family and Menard Inc. had agreed on and signed a purchase agreement, thanks to support and involvement of HEDC. The land was officially acquired in March 2006, and the City of Hastings approved a development agreement with Menard Inc. as well. That gave the company the green light to go forward with the development of a new 226,000-square-foot Menards supercenter store.
Construction on the store began in early summer 2007. And the Hastings Menards opened in 2008. Menards is located in north Hastings at 3400 Osborne Drive East.