Sale of Grand Forks' Corporate Centers could happen by June

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
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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.

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