United Pulse Trading Inc. (dba AGT Foods in Minot, N.D.) has been approved by First Western Bank and Trust and Bank of North Dakota for a PACE loan. Through the MAGIC Fund, the business is looking to secure the community’s portion of the interest buydown; this portion is $269,230.71. BND will provide their portion of this 65/35 split in the amount of $499,999.83, as an interest buydown
Trinity Health is requesting the support of $3 million from the MAGIC Fund towards the much-needed new Emergency Trauma Center (ETC) at Trinity’s new HealthCare Campus and Medical District. The MAGIC Fund dollars would be primarily allocated to purchasing the new equipment needed to operate the doubled size of the new Emergency Trauma Center and an anticipated increase in additional patients that will be treated in the department. A listing of the equipment that will be purchased for the Emergency Trauma Center has been attached to the full Trinity Health memo, for additional reference. The total equipment cost is estimated at $2,634,545.80 and the remaining $365,454.20 from the $3 million request will be directed toward the ETC construction costs of $13,172,000.