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October 23, 2012
23 Oct 2012

The Growth Initiative Fund (GIF) approved one flex PACE loan third quarter

The Growth Initiative Fund approved the following PACE loan during third quarter 2012:

Cargill in West Fargo, N.D. announced a $60 million investment into plant upgrades. The facility employs 85 full-time employees and operates 24 hours a day, 7 days a week.

The GIF is a community revolving loan fund managed by the GFMEDC. It was established in 1993 and capitalized by property taxes from Cass County, the City of Fargo and the City of West Fargo over the period of 1993 – 2001. Those funds continue to be reinvested. The purpose of the GIF is to assist the GFMEDC in achieving its mission of retaining and expanding primary-sector employment.

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Appareo Systems

Appareo Systems is an advanced technology business that designs and manufactures electronic, mechanical and software products for aerospace, defense and transportation applications worldwide. The company was started in 2003 by NDSU grad and serial entrepreneur, Barry Batcheller.
www.appareo.com

CareerFM Jobs

Testimonial

"Fargo Moorhead provides Integreon a fantastic base for one of our major U.S. delivery centers. The business climate is highly supportive, and the local colleges and universities provide access to top talent for our legal, research and business support solutions. Perhaps most importantly, in a client-service-intensive business like ours, we value the orientation that so many in the Fargo Moorhead area have toward doing the job right and taking care of the customer." Liam Brown, President and CEO of Integreon, a global company that provides integrated legal, business and research solutions and technologies.

Did You Know?

Fargo is home to Microsoft's second largest campus. Microsoft acquired Great Plains in 2001 and has almost 900 employees plus hundreds of vendors.