MAGIC Fund (Minot)
The Minot Area Growth through Investment and Cooperation Fund, or MAGIC Fund, is a growth fund financed through a one percent sales tax in the city of Minot, North Dakota. The fund was approved by voters on May 1, 1990, and the money is used for economic development, capital improvements and property tax relief. As of 2012 the MAGIC Fund has invested over $33 million into 200 projects in 44 communities.
Read more about MAGIC Fund (Minot): Role in Economic Development, Guidelines, History, Recent Events, MAGIC Fund Screening Committee
Famous quotes containing the words magic and/or fund:
“Without, the frost, the blinding snow,
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Within, the firelight’s ruddy glow,
And childhood’s nest of gladness.
The magic words shall hold thee fast:
Thou shalt not heed the raving blast.”
—Lewis Carroll [Charles Lutwidge Dodgson] (1832–1898)
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—Benjamin Harrison (1833–1901)