Accelerate Loan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Also on Monday, July 12, two members of the committee were reelected to leadership positions. 6:49 pm, Jul. 12, 2021 × Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald Members of the Grand Forks Growth Fund Committee reelected two members to committee leadership positions, then made additional adjustments to a business loan program that enables the city’s economic development wing to take an ownership stake in startup companies. Committee members on Monday, July 12, reelected Bret Weber, a City Council member, and Jonathan Holth, a local businessman, to serv...

The heightened scrutiny stems from the nature of the Accelerate Loan program itself, the aim of which is to provide working capital to newly-minted tech companies. The program carries more risk for the city, because it is the sole entity granting the loan.