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Paddlewheel fix breaks anticipated budget

The iconic paddlewheel at Town Square in downtown Grand Forks will likely remain in dry dock for at least anot. ....

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Grand Forks growth fund moving forward with tech contract

(Grand Forks, ND) The Grand Forks Growth Fund is moving forward with a tech contract. The final amount authorized Monday for a Tech Accelerator contract with West Fargo-based High Point Network was over 560-thousand dollars. Community Development Director Meredith Richards says nearly 120-thousand of the budget will go toward network security. The rest will pay for ....

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Grand Forks Growth Fund approves change orders to Tech Accelerator budget

High Point Networks will continue on as tech contractor for the Tech Accelerator project, and it will present a set monetary value for the change orders before the next Jobs Development Authority meeting April 4. ....

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Grand Forks Jobs Development approves $250,000 accelerate loan to First-i after two months of discussion


Grand Forks Jobs Development approves $250,000 accelerate loan to First-i after two months of discussion
First-i’s accelerate loan is a convertible note at a 20% discount, and a minimum 10% owner equity requirement for the was agreed on during the July 12 Grand Forks Growth Fund meeting, as well as a maximum loan of $250,000 with no payments or interest for the first three years, then two years of 2% interest, also with no payments, and then a balloon payment after the first five years.
Written By: Jacob Holley
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Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald
The Grand Forks JDA rubber stamped three items on Monday; one of which was an accelerate loan request First-i – a Grand Forks-based drone company – that has been in the works for months. ....

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