Two North Dakota funds that support agriculture-related businesses are providing more than $1 million in grants to six projects this quarter, including one in Edgeley.
Butcher's Edge is getting $175,000 through the Agricultural Diversification and Development Fund, according to the state Agriculture Department. The Edgeley custom meat business will use the money to upgrade equipment.
The fund administered by the Agriculture Department and state-owned Bank of North Dakota was created to support new or expanding value-added-agriculture businesses. It's providing one other grant this quarter -- $151,000 for Medina-based Kramlich Deede Meats to upgrade and expand processing.
Meanwhile, North Dakota's Agricultural Products Utilization Commission is providing grants totaling $700,000 to four projects, Agriculture Commissioner Doug Goehring announced.
The group better known as APUC funds developers of North Dakota farm-related products. The money typically is used for research, marketing, farm diversification, agriculture tourism and technology.
Source:bismarcktribune.com
Categories: North Dakota, Business