Population, Households, and Median Income
Population: 2,938 (2010 Census)
Households: 993 (94.5% are owner-occupied)
Median Household Income: $97,098
11250 5th St NE, Hanover, MN 55341
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
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
Community Information is in the process of being updated with new census data.