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Bismarck Vision Fund Committee Minutes 2026-04-23

Committee supports ongoing Chamber EDC contract funding

$250,000 annually (existing economic development contract)Bismarck-Mandan MPOBISMARCK-MANDAN CHAMBER EDCApril 23, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The committee discussed the City’s existing approximately $250,000-per-year economic development contract with the Bismarck-Mandan Chamber EDC and agreed to seek an additional $250,000 in the 2027 budget for Vision Fund loan capacity. This maintains the Chamber EDC’s contracted role while expanding available loan funds.

Contract Details

Contract Amount

$250,000 annually (existing economic development contract)

Vendor

BISMARCK-MANDAN CHAMBER EDC

Agency

Bismarck-Mandan MPO, ND

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 23, 2026

Contract Term

Annual appropriation; baseline near $250,000 per year

Renewal Date

2027-12-31

Renewal Info

Baseline annual economic development contract funding of about $250,000 is expected to continue, with a planned request for additional Vision Fund loan capacity in the 2027 budget cycle.

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