Minot could soon become home to a new pipeline manufacturer.
The MAGIC Fund Screening Committee recommended approving a $400,000 grant and a $400,000 forgivable loan to United Poly Systems to help the Missouri-based company establish a plant in Minot. The full Minot City Council is scheduled to take up the issue Aug. 5.
The company produces high-density polyethylene pipe for a variety of industries, including telecommunications, power and utility, electrical and oil and gas. The $2.5 million facility would be built in east Minot, and would be 50,000 square feet, with capability to expand to 70,000.
The company projects to have 20 full-time employees or equivalents by March 31, 2014, 35 full-time equivalents a year later, and 50 full-time equivalents within three years.
Company officials said they chose Minot because of the city's excellent rail service, with access to east-west and north-south rail lines, and the city's close proximity to the oil fields.
We expect the council to approve the plan at its Aug. 5 meeting, and for good reason. The manufacturing plant will bring longterm jobs to the area, and expand the city's manufacturing base. United Poly Systems appears to be a good addition to our business community.