Magic Fund (Minot)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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 money is used for economic development, capital improvements and property tax relief. The fund was approved by voters on May 1, 1990, and has since invested over $25.6 million into 200 projects in 44 communities. 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.