Grand Forks Growth Fund tables First-i LLC Accelerate Loan proposal
The Growth Fund had a general census in its June 21 meeting to move forward with the request from First-i LLC, a drone company that accesses local UAS/drone and data management resources, for a $250,000 Accelerate loan. The business received $850,000 from the state’s LIFT program previously. Written By: Jacob Holley | ×
Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald
The Grand Forks Growth Fund Committee moved to table First-i LLC s Accelerate Loan proposal in its meeting Monday, June 28.
The discussion revolved mostly around a couple questions: The main one – Can the JDA own an equity position in a privately-owned entity? The answer to that question will likely come on June 19 – the next Growth Fund meeting where the item will appear.