Minot Area Growth through Investment and Cooperation (MAGIC Fund)

The MAGIC Fund is a local economic development financial incentive funded by a 1% sales tax, managed through the City of Minot. The fund is projected to generate over $2 million in funding per year. To-date, the MAGIC fund has assisted more than 200 projects with more than $33 million in funding.

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Amount

Resource Provider

Minot Area Development Corporation

The mission of the MADC is to facilitate the retention, expansion, start-up and relocation of primary sector businesses.
Resource Type
Loan and Grant
Location
58701, 58702, 58707, 58781, 58722, 58733, 58703, 58735, 58785, 58768, 58790, 58759, 58705, 58756, 58704, 58716, 58718, 58792, 58741, 58740, 58779, 58731, 58771, 58778, 58540, 58725, 58744, 58531, 58712, 58713, 58565, 58750, 58770, 58723, 58789, 58734, 58760, 58575, 58762, 58788, 58769, 58775, 58576, 58736, 58559, 58761, 58787, 58748, 58710, 58784, 58577, 58571, 58545, 58793, 58463, 58711, 58763, 58368, 58580, 58746, 58541, 58313, 58776, 58783, 58384, 58758, 58782, 58523, 58430, 58757, 58530, 58579, 58318, 58636, 58773, 58444, 58721, 58625, 58794, 58332, 58366, 58737, 58847, 58477, 58640
Purpose
Equipment, Hiring & Recruitment, Inventory, Leasehold Improvements, Real Estate, Renovation to Real Estate, Startup, Working Capital
Industry
Primary Sector
Business Stage
Existing Business, New Business
Deadline
Contact
Brekka Kramer
(701) 852-6000

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