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 creating a new loan program, one that targets technology start-up 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. Loans potentially granted through the Accelerate program come with a higher level of risk than loans generated through other economic development programs run by the city or Jobs Developmen
By Doug Barrett
Apr 11, 2021 3:56 PM
Americans are proving remarkably reliable in how they are spending their federal stimulus payments. The New York Federal Reserve released a study this week that showed Americans are using most of the money for paying down debt and for savings, with a smaller portion going to actual spending. According to the report, households, on average, are using or plan to use about 41.6% of the latest relief payment toward savings, 33.7% toward debt and 24.7% for spending. The percentage for each category has stayed relatively stable for each of the three rounds of payments.
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government distributes aid throughout the economy. The Labor Department said Thursday that applications increased by 16,000 from 728,000 a week earlie
10 stories you might have missed over the weekend grandforksherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grandforksherald.com Daily Mail and Mail on Sunday newspapers.
Grand Forks school leaders outline fiscal, facility challenges in referendum information meeting for business community
Building a new K-8 school quickly rose as the best solution to the school district s financial quagmire, Facilities Task Force member Josh Brown said. Written By: Pamela D. Knudson | 7:36 pm, Apr. 6, 2021 ×
The Mark Sanford Education Center, headquarters of Grand Forks Public Schools. (Grand Forks Herald photo)
The option of building a K-8 school in north Grand Forks garnered much support from the Facilities Task Force that studied the district’s financial and physical plant challenges for nine months last year, Josh Brown said at an informational meeting for the business community Tuesday, April 6.
After Library Board tiff, Grand Forks City Council weighs changes to nomination process grandforksherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grandforksherald.com Daily Mail and Mail on Sunday newspapers.