Hoeven: EDA Awards $1 Million Grant to Develop Tech Accelerator in Grand Forks

GRAND FORKS, N.D. – Senator John Hoeven, a member of the Senate Appropriations Committee, today issued the following statement after the Economic Development Administration (EDA) awarded $1,079,646 to the City of Grand Forks and the Grand Forks Growth Fund, a Jobs Development Authority. This grant will be used to convert the former Grand Forks Herald building into a technology accelerator to assist startups in developing new innovations and bringing them to market. The senator urged EDA to make this investment last fall, as it will build on key efforts to establish North Dakota as a hub of technology entrepreneurship and position the state’s technology sector for future growth.

“For more than a decade, we’ve worked to build North Dakota into a global leader in the unmanned aerial systems (UAS) field,” said Hoeven. “Today’s grant will support the continued expansion of our tech sector in the Red River Valley, bolstering economic growth over the long-term and creating good-paying jobs for local residents. We appreciate EDA for recognizing the benefits of this investment and for working with us to advance this important priority.”