Hastings officially won the competition to keep an expansion by Intek Plastics right at home.

Facing competition from an Ohio community, the city enlisted help of the Minnesota Department of Employment and Economic Development to make sure the planned 60,200squarefoot expansion was able to happen at Intek’s Hastings site, 1000 Spiral Blvd.

As part of a package the city put together with the State of Minnesota Employment and Economic Development Agency, the Hastings Economic Development and Redevelopment Authority would sell 3.1 acres adjacent to Intek’s facility for $1 per acre. HEDRA commissioners recommended approval of that proposal in September.

The project is expected to add 46 jobs paying an average $32.54 plus benefits over the next three years.

Major components of the DEED funding that has been approved for Intek would include $450,000 in Job Creation Funds, $275,000 in capital investment rebates as well as a $975,000 loan at 1 percent interest that the City of Hastings would administer. Intek would add more than $8 million in capital to the project as well.

The piece of land that will be transferred to Intek once the Hastings paperwork is finalized is north of Cranky Ape and south of the water tower.

Valuation was tabbed at $208,000, which will be the city’s contribution to the project.

The existing Intek site built in 1985 has 127,000square feet of manufacturing, warehousing and office space. The new space will be an addition onto the current building, and parking will be added. The addition will match the existing building design of textured precast panel.

The Hastings Planning Commission recommend city council approval of the plan at its meeting Monday night. The city council will vote on Intekrelated development items at its meeting Monday night.

“I think it’s great you are bringing more jobs into the city,” Planning Commission Chair Gino Messina told Intek representatives.