Two companies have expansion plans that would bring 94 new jobs to Grand Forks and Grafton, N.D.
Britton Transport plans build a $3.9 million facility in the Grand Forks Industrial Park and is applying for a $161,538 loan through the Grand Forks Growth Fund.
The company, which was acquired by Winnipeg-based Bison Transport in May 2011, would create 35 jobs paying an average wage of $50,000, including drivers, administrators, and other managers and office personnel, according to its loan application.
The project would be financed through equity, a $2.73 million private loan and a $300,000 loan from the Bank of North Dakota.
Members of the Growth Fund Committee on Tuesday recommended the request be approved by the city Jobs Development Authority.
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The committee recommended approval of a similar loan for Lean Technologies of Grafton.
That company plans to purchase equipment to increase its oil-services capacity. The total $6.5 million investment would produce 59 jobs with an average wage of $35,000, according to the company's application.
It is applying for a $40,000 loan from the Growth Fund in addition to similar loans from the Bank of North Dakota and the Walsh County JDA.
Reach Bjorke at (701) 780-1117; (800) 477-6572, ext. 117; or send e-mail to cbjorke@gfherald.com .
