Bank of North Dakota (BND)
Located in Bismarck, ND, BND is the only state-owned bank in the nation. Established by legislative action in 1919, the banks mission is to promote agriculture, commerce and industry in North Dakota. In this role, the Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guarantee agencies. Financial assistance includes PACE programs, the MATCH program, SBA Microloan. For all of these programs, a lead lender is required.
North Dakota Department of Commerce (ND DOC)
Located The Department of Commerce is the state's lead economic development agency. The agency is charged with coordinating and focusing the state's economic development resources. To accomplish that task, the agency works closely with local and regional developers across North Dakota. The main mission of the North Dakota Department of Commerce is to improve the quality of life of the people of North Dakota. The agency has targeted five industries to broaden the state's economic base, create new wealth and generate high-paying, career-track jobs. Those industries are value-added agriculture, advanced manufacturing, information technology, tourism and energy.
Economic Development North Dakota (EDND)
It is the mission of the Economic Development Assn. Of North Dakota to increase economic opportunities for residents of the state by supporting primary sector growth, professionalism, among economic development practitioners and cooperation among development organizations.
Community Development Financial Institution (CDFI)
The CDFI was developed as a revolving loan pool within the region that could fund a variety of community oriented projects, ranging from housing development to business start-ups and expansions. Funds may be used throughout the LARDC service area, although a CDFI Investment Area has been identified to which funds are targeted. CDFI loan proceeds can be used for real estate, fixed assets, working capital and inventory, with a maximum loan amount of $250,000.
Dakota Certified Development Corp (Dakota CDC)
The Dakota Certified Development Corporation has been working with the Small Business Administration's 504 Loan program since 1983. In 1996 the program began a new chapter. Incorporated as a separate organization, the Dakota CDC, a non-profit 501(c)(3) emerged as an organization with its own name, its own identity and an agenda that requires a statewide presence.
ND Development Fund
This fund was created to provide flexible "gap" financing through loans and equity investments. Funding is available to any primary-sector business with the exception of production agriculture. The Development Fund also administers the Regional Rural Revolving Loan Fund, which provides funding for projects located in rural areas. To access the Rural Revolving Loan Fund, the primary-sector business must be located in a community of less than 8,000 in population or be located more than five miles outside the city limits.
North Dakota Center for Community Vitality
The community, economic development and leadership programs website has been designed to provide you with available information on educational programs and resources at North Dakota State University (NDSU), the NDSU Extension Service and other related agencies and organizations in the broad area of Community, Rural and Economic Development (CRED).
Entrepreneur Centers of North Dakota
ECND is an effort of local, state and federal resource providers who offer access to over twenty financing programs and a network of organizations who offer counseling, training, and assistance to North Dakota's start-up and existing entrepreneurs. The goal of this group is to work jointly with business people, lenders, economic developers and communities to streamline the financing process and provide timely service to borrowers. The Entrepreneur Centers of North Dakota also offer access to counseling, technology, training, and business related materials designed to assist start-up and expanding businesses.
Center For Innovation
The Center for Innovation at the University of North Dakota was among the first entrepreneur outreach centers in the nation when formed in 1984. The Center provides assistance to innovators, entrepreneurs, and researchers to launch new ventures, commercialize new technologies, and secure access to capital from private and public sources.
Center for Technology and Business
The Women & Technology (Center for Technology and Business) serves North Dakota as the Women's Business Center , assisting with business and financial planning for women owned enterprises. They also offer a statewide program for technical education that is delivered in the local community over a short period of time. The curriculum, offers a simplified computer course specifically designed to assist the participants to become comfortable with technology and enhance their business and life skills.
North Dakota Small Business Development Center (SBDC)
The Office of Small Business Development Centers (SBDC) provides management assistance to current and prospective small business owners. SBDCs offer one-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in central and easily accessible branch locations. The program is a cooperative effort of the private sector, the educational community and federal, state and local governments and is an integral component of Entrepreneurial Development's network of training and counseling services.
North Dakota Association of Rural Electric Cooperatives (NDAREC's)
NDAREC's promote and support the development of cooperatives and economic development through consultation, technical assistance, financing programs and education. They provide assistance to new and emerging cooperatives through technical advice and guidance, business analysis and facilitated learning. Assistance is also provided to local leaders and producers in raising seed money and selecting a steering committee to lead the project. We work with the steering committee to investigate the feasibility of the project, determine an appropriate legal structure and develop a business plan. We will also present business plans and plan/conduct equity fund drives.
Ottertail Economic Development
Otter Tail Power Company's team of economic-development experts works with state and local community leaders and financing organizations to provide their no-cost services to you! They are particularly knowledgeable regarding business development, marketing, labor, transportation, and financing including low-interest loans, grants, taxes, and incentives. Services include financing assistance, site location assistance, support in meeting workforce and training needs and contact with local officials.
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