North Dakota program awards nearly $1.6 million to companies

BISMARCK, N.D. (AP) — Three companies have been awarded grants from the North Dakota Development Fund, for a total of nearly $1.6 million.

By: Associated Press, The Jamestown Sun

BISMARCK, N.D. (AP) — Three companies have been awarded grants from the North Dakota Development Fund, for a total of nearly $1.6 million.

The awards include a $1 million loan to United Pulse Trading, of Minot, which will be used as part of a financing package to build a new production facility.

The other projects are a $375,000 loan to Glisten, LLC, of Fargo, and a $200,000 line of credit to Gates Manufacturing, Inc., of Lansford.

Glisten operates an e-commerce website. Gates is an agriculture tilling equipment manufacturer and metal fabricating contractor.

The fund was created in 1991 within the North Dakota Department of Commerce.

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