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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.〔Schramm, Jill. (“Minot’s growth fund has worked like MAGIC” ). Minot Daily News. Hometown Headlines 2008. Posted October 1, 2008. Retrieved on November 1, 2008.〕
==Role in Economic Development==
Forty percent of the one percent tax is earmarked for economic development and is used to help finance relocations, start-ups and expansions in the Minot area. Minot Area Development Corporation, the lead economic development agency for the city of Minot, targets primary sector businesses such as those in value-added agriculture, knowledge-based business and the energy industry. The availability of MAGIC funds makes Minot more appealing to businesses. The MAGIC Fund is very progressive in that it was one of the first growth funds in the state of North Dakota and the first one to be used regionally.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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