WASHINGTON—A corn mill investment by a Chinese company in the city of Grand Forks, North Dakota, has put a small city of a population under 60,000 on the map for many across the nation.
The two Senators representing the state have called out national security concerns associated with the venture, as the land is within 15 miles of the Grand Forks Air Force base, which houses sensitive drone, satellite, and surveillance technology.
As a result, the Committee on Foreign Investment in the United States (CFIUS), an interagency panel overseen by the Treasury Department that scrutinizes foreign investments for national security risks, is conducting a review to determine whether the transaction is one of the “covered transactions” in the committee’s jurisdiction….