Software company moves from Minot to Grand Forks
MINOT, N.D. (AP) — A New York-based software company has closed its Minot location and opened a smaller office in Grand Forks.
The Minot Daily News reports InfoTech had been releasing employees and closed the Minot Technology Center for good last week. It has opened an office at the University of North Dakota's Center for Innovation.
InfoTech opened in Minot five years ago with the help of $400,000 in financial assistance from the city's economic development fund.
Company President Matti Kon says the Navy contract that was the core of Minot operations fell victim to defense cost-cutting, and that skyrocketing wages in the western oil fields inflated employee salaries in Minot.
InfoTech employed more than 40 workers in Minot. Kon says all have found new jobs, including some who relocated to Grand Forks.