optic and high-speed internet access. Locally owned SRT Communications offers just that, as well as phone service to the Minot area. State-of-the-art systems are in place to support these expanding businesses, but without the MAGIC Fund which helped fuel the growth of the communications business throughout the area, they may not have seen the need to upgrade so rapidly.2002 annual report Continual capital investments in infrastructure keep the city prime for expansion. Other areas of development include value-added agriculture. In 1994 Bourgault Industries was recruited to Minot with the availability of MAGIC Funds, although the Saskatchewan-based agriculture equipment manufacturer did not in the end need to use the funding. By 1995 construction was complete and the facility was up and running as the main office for Bourgault's U.S. assembly, marketing and distribution center. Bourgault Industries recently announced (2008) expansion to bring several production lines to Minot, creating 20-30 new jobs in the area. Similarly, in 1996, Minot Milling (a division of Philadelphia Macaroni Company) came to Minot with the help of the MAGIC Fund although it turned out the company did not need monetary assistance. As per the nature of economic development, risk will sometimes be realized and ventures will fail. MedVision, for example, came to Minot in 1997 and left a year later after only creating several jobs. It took several years for the MAGIC Fund to recover the $2 million loan in full. WebSmart Interactive, initially a provider of telemarketing sales verification was founded at the height of the internet boom. After a short period of rapid growth WebSmart began outgoing sales calls, the primary client of which was a Georgia-based company. This company eventually failed to forward payment to WebSmart, forcing an abrupt closure of the company. At the outset of 2001, after the failures of aforementioned businesses, there was essentially no money to work with in the MAGIC Fund. A measure was proposed to divert money from a one percent sales tax for Northwest Area Water Supply and extend the fund but it was defeated. Multiple studies were conducted in attempt to measure the successes of the MAGIC Fund and find areas for improvement, including reverse analyses to show what Minot's economy would be like if not for the MAGIC Fund. One such study, conducted in 2001 by the Economic Strategy Center Inc. of Atlanta, Georgia found that for every 10 jobs created through MAGIC Funding,