North Dakota Development Fund
Shayden Akason
sakason@nd.gov
701.328.4563
Brian Opp
brlopp@nd.gov
701.328.7267
The North Dakota Development Fund coordinates efforts between all the sources of financing, the business and the community. Any project considered for this financing must be feasible and have a reasonable chance of succeeding. The fund is a secondary source of financing, subordinate to private sources. If a business is unable to handle added debt, the Development Fund can take an equity financing position.
The fund provides flexible financing through loans and equity investments not available from most conventional lenders, and is available to new and expanding primary-sector businesses.
Development fund programs:
- Regional Rural Revolving Loan Fund - For primary-sector projects located in a community of less than 8,000 in population or located more than 5 miles outside the city limits
- Child Care Loan Program - Financial assistance for new and expanding child care providers
- Angel Match Program - Matches investor commitments with early-stage businesses
- Automate ND Grant Program - Grants for North Dakota Primary Sector Certified businesses that are facing growing customer demand but lack the workforce to enable expansion and increased productivity
- Wonder Fund - Direct investment program aimed at bolstering economic growth throughout North Dakota
- Advance ND - Low interest loans to companies considering a new industrial project
Contact Shayden Akason to discuss eligibility.
Loan amounts are based on project type and need.
Contact Shayden Akason to discuss the project and the application process.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.