Hard times fall on North Dakota startup

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In North Dakota, a company produces paper flower pots, paper and boards from manure is facing eviction from a city-owned industrial park for failing to pay rent.

Rachel Lindstrom, executive director of the Devils Lake Economic Development Corp. tells The Grand Forks Herald BioFiber signed a five-year lease on a 130,000 square-foot building in the park late last year. On Sunday, it missed its deadline to pay $18,000 for three months rent, she added.

Eviction procedures have begun as the city works to find another tenant. Ultra Green, another biodegradable products maker, previously owned the space but had the building taken over by the city for failing to pay $87,000 in taxes.