Accelerate Loan Program News Today

Grand Forks Growth Fund tables First-i LLC Accelerate Loan proposal The Growth Fund had a general census in its June 21 meeting to move forward with the request from First-i LLC, a drone company that accesses local UAS/drone and data management resources, for a $250,000 Accelerate loan. The business received $850,000 from the state’s LIFT program previously.  Written By: Jacob Holley | × Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald The...

Grand Forks, lagging in executive jobs, looks to grow them at home There are about 270 “management of companies and enterprises” jobs in Grand Forks and Polk counties. If the Grand Forks metro area matched the national average concentration for those positions, that figure would be nearly three times higher, at 875.  Written By: Sam Easter | × A water tower in Grand Forks smiles at passersby. (Grand Forks Herald) Grand Forks is well behind national averages in executive-le...

Grand Forks City Council shoots down plan to phase out ‘classified’ department heads They voted against the proposal last week, but Grand Forks City Council members on Monday formally rejected Mayor Brandon Bochenskis proposal to eventually make the head of each city department a contracted employee. 8:33 pm, May 3, 2021 × Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald A week’s time and a second vote produced no new results at Grand Forks City...

Grand Forks Growth Fund considers loan program for start-up tech companies The program, referred to as the Accelerate Loan Program, is based on the state’s Innovation Technology Loan Fund, which acts as a way to provide capital to companies that diversify the state’s economy beyond oil and agriculture. 7:06 pm, Apr. 19, 2021 × Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald The Grand Forks Growth Fund on Monday, April 19, took steps toward creati...