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MAGIC Fund (Minot)
The Minot Area Growth through Investment and Cooperation Fund, or MAGIC Fund, is a growth fund financed through a one percent sales tax in the city of Minot, North Dakota. The fund was approved by voters on May 1, 1990, and the money is used for economic development, Capital (economics), capital improvements and property tax relief. As of 2012 the MAGIC Fund has invested over $33 million into 200 projects in 44 communities.Schramm, Jill“Minot’s growth fund has worked like MAGIC”. Minot Daily News. Hometown Headlines 2008. Posted October 1, 2008. Retrieved on November 1, 2008. Role in Economic Development Forty percent of the one percent tax is Earmark (politics), earmarked for economic development and is used to help finance business relocation, relocations, Startup company, start-ups and expansions in the Minot area. Minot Area Development Corporation, the lead economic development agency for the city of Minot, targets primary sector businesses such as those in value-added ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minot
Minot ( ) is a city in and the county seat of Ward County, North Dakota, Ward County, North Dakota, United States, in the state's north-central region. It is most widely known for the Minot Air Force Base, Air Force base approximately north of the city. With a population of 48,377 at the 2020 United States census, 2020 census. Minot is the state's List of cities in North Dakota, fourth-largest city and a trading center for a large part of northern North Dakota, southwestern Manitoba, and southeastern Saskatchewan. Founded in 1886 during the construction of James J. Hill, James J. Hill's Great Northern Railway (U.S.), Great Northern Railway, Minot is also known as "Magic City", commemorating its remarkable growth in size over a short time. Minot is the principal city of the Minot micropolitan area, a United States micropolitan area, micropolitan area that covers McHenry County, North Dakota, McHenry, Renville County, North Dakota, Renville, and Ward counties and had a combined po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
