Souris Basin Planning Council’s Business Accelerator Fund recommended for refill

A little economic development tool with big impacts is recommended for a refill. Souris Basin Planning Council manages the Business Accelerator Fund; it delivers a local match for participation in the Bank of North Dakota’s Flex PACE program to buy down interest rates for qualifying businesses. On Friday, the MAGIC Fund steering committee recommended tapping the MAGIC Fund to provide an additional $800,000 for the local-match portion of the program. Jill Schramm with the Minot Daily News has the full story.