A Missouri company that makes polyethylene pipe should get 800-thousand dollars in economic development funds to expand into Minot.
That was the vote today of the MAGIC Fund steering committee.
A company called United Poly Systems of Springfield, Missouri plans to open a 50-thousand square-foot facility to fabricate its pipe products, employing 20 people to start.
The company plans to expand to 50 full time workers within three years.
Unite Poly Systems officials addressed the MAGIC Fund committee this morning and said they were attracted to the area by quality rail service and proximity to the growing oil industry.
(Tiffani Claussen, United Poly Systems) "We decided North Dakota, with it growing oil and gas sector obviously, but also the infrastructure that will go along with the population increase and development here was a good fit for us."
(Bert Bridges, United Poly Systems) "We've been selling quite a bit of product into North Dakota from Springfield so we just see that there's a greater opportunity to gain more business, and even outside of North Dakota."
The committee voted unanimously to recommend that the full city council award the 800-thousand dollars to United Poly Systems.
Half of the amount would be a loan that would turn into a grant if employment goals are met.
The other 400-thousand dollar would be a grant paid one year from now.
The city council will take up the recommendation at its August meeting.