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Lawmakers debate $15M proposal for Cass County research park; sponsors propose $7.5M grant and $7.5M line of credit
Summary
Committee members discussed a proposal for up to $15 million to support a research-and-technology park in Cass County. Sponsors proposed splitting the amount into a $7.5 million grant and a $7.5 million line of credit subject to performance milestones; members requested clarification on whether a line of credit commits state funds.
A proposal to provide up to $15 million to support a Cass County research and technology park prompted questions about structure, oversight and fiscal risk when it came before the House Government and Veterans Affairs committee Wednesday.
Representative TJ Brown, who has been working with the park, described a potential compromise: a $7.5 million direct grant and a $7.5 million line of credit overseen by the state’s industry commission, with the industry commission evaluating performance milestones over two years before the second $7.5 million would be released or converted.
Brenda Weiland, CEO of the NDSU…
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