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Grand Forks Growth Fund considers loan program for start-up tech companies The program, referred to as the Accelerate Loan Program, is based on the state’s Innovation Technology Loan Fund, which acts as a way to provide capital to companies that diversify the state’s economy beyond oil and agriculture. 7:06 pm, Apr. 19, 2021 × Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald The Grand Forks Growth Fund on Monday, April 19, took steps toward creating a new loan program, one that targets technology start-up companies. The program, referred to as the Accelerate Loan Program, is based on the state’s Innovation Technology Loan Fund, which acts as a way to provide capital to companies that diversify the state’s economy beyond oil and agriculture. Loans potentially granted through the Accelerate program come with a higher level of risk than loans generated through other economic development programs run by the ci ....