MAGIC Fund committee supports loan fund request

Minot’s business community could see another boost as city leaders consider adding $250,000 to the Business Accelerator Fund (BAF). Administered by Souris Basin Planning Council, the fund helps local businesses secure state-backed interest buydowns, unlocking millions in additional investment. With demand holding steady, officials estimate at least $750,000 will be needed annually. While the goal is for the fund to sustain itself over time, for now, continued MAGIC Fund support is key to fueling business growth in Minot and beyond. Jill Schramm with the Minot Daily News has the full story.