Hoyt Lakes (2008 pop. est. 1,956) is tucked amid the lush forests and beautiful lakes of northeastern Minnesota. It is one of three communities on the east end of the Mesabi Iron Range (East Range) working together to promote economic growth and diversification. The others are the City of Aurora and White Township.

Key industries on the East Range include mining, electricity production, precision manufacturing and tourism. Hoyt Lakes offers ample opportunities for development, with a skilled workforce and sites available for light and heavy industry. The latter include tax-free JOBZ properties.