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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 ×
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.
UND administrator, Grand Forks developer named newest additions to expanded city panel
A Monday vote by the Grand Forks City Council filled two new seats on the city s Growth Fund Committee, bringing the number of seats whose occupants are nominated by the city s nonprofit, semipublic Economic Development Corporation to four. 1:28 pm, Dec. 22, 2020 ×
Grand Forks City Hall, 255 N. 4th St. Sam Easter / Grand Forks Herald
A UND administrator and a developer are the two newest members of a Grand Forks panel that considers public business incentives.
Grand Forks City Council members voted unanimously on Monday, Dec. 21, to appoint Amy Whitney, the director at the university’s Center for Innovation, and Russel Crary, a real estate agent and developer at Crary Real Estate, to the city’s Growth Fund Committee, which gives preliminary consideration to measures that could help businesses set up shop or expand in Grand Forks.