Sale of Grand Forks Corporate Centers could happen by June
Funds from the sale of those buildings would then be added to the city’s pot for economic development and the Jobs Development Authority. The sale could generate between $9 million and $10 million for the city, of which two-thirds would go toward economic development. 11:00 am, Feb. 18, 2021 ×
Grand Forks City Hall (Herald photo/Sam Easter)
The Grand Forks Growth Fund is looking to bolster loan programs for businesses, including a loan that carries more risk for the city, in an effort to further drive the local economy.
The push comes as the city undergoes a paradigm shift that moves it away from being a landlord – and generating revenue from lease and rent payments – to fostering the growth of new businesses, in particular, technology businesses. Toward that end, the city is anticipating the sale of its two downtown Corporate Centers, which could happen later this year.
Northern Plains Rail Service loaded its first railcar in January and is looking to develop its Grand Forks facility to expand access to customers who need to ship by rail.
Adaptation key for business during COVID, and some changes are here to stay
From adapting to new technology to helping their customers feel comfortable in a pandemic environment, businesses have had changes thrust upon them. 9:00 am, Feb. 2, 2021 ×
Ground Round owner Matt Walkowiak sits in the freshly painted bar area of his restaurant. Adam Kurtz / Grand Forks Herald
Many businesses had to throw out the handbook and come up with new plans as the coronavirus pandemic dominated 2020. While many are hoping for a return to normal, some of the lessons they have learned will likely be permanent.
Now, with a vaccine being rolled out, some are wondering what their new normal will look like.
The goal is to create a pipeline for UND students to gain experience in high-wage, in-demand industries. 6:00 am, Nov. 1, 2020 ×
Becky Sims, left, a graphic designer for Tailorie Inc., takes a break from a brainstorming session with intern Izzy Waite, center, and Lane Oian, a brand experience specialist. Submitted photo
Sponsors of InternGF program are looking to build on its past successes by expanding opportunities for local businesses and university students.
Now in its fourth year, the InternGF program will offer two application cycles for funding that businesses can use to create internships. The first cycle opened on Oct. 15 and is for internships that will run from January through August. The second cycle opens June 15 and runs through December 2021. The program was created in 2018 by the Grand Forks Region Economic Development Corporation in tandem with UND’s Center for Innovation, with the goal of creating local internships in high-wage, in-demand industrie
Decision is another step toward advancement of four redevelopment projects, with total investment of $116 million Written By: Pamela D. Knudson | 10:00 pm, Jan. 25, 2021 ×
The Mark Sanford Education Center, headquarters of Grand Forks Public Schools. (Grand Forks Herald photo)
The Grand Forks School Board approved, by unanimous vote, the applications for tax exemptions for four redevelopment projects at its regular meeting Monday, Jan. 25.
The tax exemption plan would affect three proposed projects downtown and one on the UND campus.
The projects, which have received preliminary Grand Forks City Council approval for “tax increment financing,” commonly known as a TIF, represent a total investment of $116 million, according to Todd Feland, Grand Forks city administrator. Through a TIF, property taxes remain for a predetermined number of years as if development never occurred. Once the time span is finished, the property is taxed at its new v