Companies often cite an available, quality workforce and infrastructure for why they chose Minot to conduct business and expand. In the communications world, this necessary infrastructure is seen in the form of a sophisticated telecommunications network, offering fiber 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.