MAGIC Fund Supports Pulse Business

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MAGIC Fund Supports Pulse Business

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Minot's MAGIC Fund Committee unanimously approved funding an interest buydown for United Pulse Trading -- a global agriculture player that is building a multi-million dollar facility in the Magic City.

The request was for about 156-thousand dollars of MAGIC fund money.

Eric Bartsch was at the screening committee meeting Wednesday morning laying out what United hopes to do in Minot.

He says plans call for a 22 million dollar expansion project that will process pea and lentil commodities and work to turn them into the foods we all eat.

The facility is slated to open in early 2013 and add anywhere from 45 to 50 jobs to the region.

(Eric Bartsch, GM - United Pulse Trading) "When we look at Minot we really see this as one of our global hubs for value added processing. We have a campus in Turkey where we have five or six different plants making pasta and bulger and split pulses...all sorts of things that we are distributing throughout the world and we see Minot as our next location to have those value added factories for the crops that we grow locally."

The full city council must approve the action taken today by the screening committee.

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