Business View Magazine | March 2018

153 POPULATION: GEOGRAPHIC AREA: MEDIAN HOUSEHOLD INCOME: MEDIAN HOUSING VALUE: UNEMPLOYMENT RATE: JOB GROWTH PERCENTAGE: COMMERCIAL TAX RATE: QUICK FACTS | MOORHEAD, MN 43,840 22.2 sq. miles $55,343 $177,000 2.6% 5.94% 1.6% cial institution in the area.“It’s called the Neighborhood Impact Program,”says Bode. “It’s a lending partnershipwith Gate City Bank.Theycame to us with an opportunity to develop a loan pool tomeet a commu- nityneed,andwe took that opportunity to develop a program targeting our existing neighborhoods.We targeted thesevery lowinterest loans to homes that were built before 1990.In one construction season, twomillion dollars went out the door in 57loans to local homeowners that ranged from$10,000 to $75,000.Theymade im- provements to their homes that preserve them for the peoplewho live there,as well as for the safetyand livabilityof the entire neighborhood.Themedian year of built homes that were improved was 1960,and the rangewas homes built between 1880 and 1989.We’re reallypleased at howthat DEL RAE WILLIAMS MAYOR Still primarily an agricul- tural area, today, Moor- head, with a population of approximately 43,000, is also home to manufac- turing and distributing industries, such as the giant sugar beet process- ing company, American Crystal Sugar. It also still serves as a transfer point, abetted in the modern era, by its proximity to two major highways and two airports.