The initial creation of the MAGIC Fund in May 1990 established it through 2006 and come June 2004, city voters approved an extension of the 1% city sales tax through the year 2014. The MAGIC Fund has a rich history of aiding economic development in the Minot region, and study after study shows the local economy has benefited drastically from its availability. Historically MAGIC Funds have been used in three main areas of primary sector economic development: knowledge-based employment, agriculture and energy.