Home sales

Business News: Jobs… sales of GF houses and toy shortage

U.S. employers added just 194,000 jobs in September, a second consecutive lukewarm gain and proof that the pandemic still has a grip on the economy, with many companies struggling to fill millions of open jobs. Friday’s Labor Department report also showed the unemployment rate fell sharply to 4.8% from 5.2% in August.

Citing a shortage of industrial development contractor workshop packages, the Grand Forks Planning and Zoning Commission has given preliminary approval to a platform for land near DeMers and South 50th Street. Kost Materials purchased land formerly used by Wells Concrete for smaller industrial development. As part of the plan, 50th Street South will be connected between Avenue Demers and 10th Avenue South.

East Grand Forks is looking to leverage the Border Cities program to provide tax relief to Northern Valley Machine. The board will consider an EDA recommendation to provide a loan of $ 120,000 over three years. A staff report suggests the credit will help keep more than 68 jobs and provide resources for Northern Valley to invest in future equipment needs.

Home sales in Grand Forks / East Grand Forks edged up in September. There were 87 single family homes… townhouses… and condos that swapped hands. This compares to 82 in the same month a year ago. According to the Grand Forks Board of Realtors, the average sale price was $ 258,204.

The ND Agriculture and Diversity Development (ADD) Fund is designed to accept applications that will support new or expanding value-added agricultural businesses. The proceeds can be used to purchase or lease equipment, establish a value-added farming business, or expand an existing value-added farming business. Grants must not exceed $ 2.5 million. The interest rate buyback can go up to $ 500,000 and the authorized loan amount is determined by the ADD fund committee.

John Paczkowski has been appointed State Engineer in the Department of Water Resources. The Department of Water Resources (DWR), formerly the ND Water Commission, was restructured and renamed following the successful passage of Bill 1353 in the 2021 legislative session.

The 15th UAS Summitt begins this week at the Alerus Center. Speakers include US Senators John Hoeven and Kevin Cramer; North Dakota Lieutenant Governor Brent Sanford; Colonel Jeremy Fields, vice-commander of the 319 Reconnaissance Wing at Grand Forks Air Force Base; Jane Bishop, Managing Director of Global Monitoring at Northrop Grumman Corp. ; and Rear Admiral Lorin Selby, Chief of Naval Research, Office of Naval Research. The event will take place October 13-14.

The North Dakota Department of Commerce today announced that two companies have received a total of $ 1.1 million in loans and venture capital funds through North Dakota D

  • Lucit LLC, a software solutions company, received $ 600,000 in convertible debt to help hire employees.
  • 701x Inc., an agricultural technology manufacturer in Fargo, received $ 500,000 in convertible debt for working capital to help the company complete the development and commercialization of its products.

General Motors plans to profit as the world shifts from combustion engines to battery power, promising to double its annual sales by 2030. To achieve this, it plans a range of new electric vehicles, from Profitable gasoline cars and trucks and services such as an electronic driving system that can handle most tasks on the road.

Toy companies are rushing to put their toys on store shelves before the holidays as they face a serious supply network crisis. Toy makers are feverishly trying to find containers to ship their goods to while looking for new alternative routes and ports. Some people steal toys if they can have room on planes instead of shipping them by boat to put the goods on the shelves.

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