MAGIC Fund committee recommends investment
Local News Feb 18, 2023 A dwindling business loan fund would get a cash infusion from Minot's MAGIC Fund under a proposal endorsed by the MAGIC Fun...
February 18, 2023
1:26 PM
Local News Feb 18, 2023 A dwindling business loan fund would get a cash infusion from Minot's MAGIC Fund under a proposal endorsed by the MAGIC Fund Screening Committee Friday. The committee is recommending the Minot City Council approve Souris Basin Planning Council's request for a $805,300 investment into its Business Accelerator Fund, a regional match program for the Bank of North Dakota Flex PACE program. Participation in Flex PACE can reduce the borrower's interest rate by as much as 5%.