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.
Amount
–
Resource Provider
It is the mission of the Minot Area Chamber EDC to advocate for and invest in business activity by being a collaborative partner in the community, focused on improving quality of life for all.
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
MACEDC
(701) 852-6000
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