s
RESOURCES
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e
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o
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FINANCE
PROGRAMS
These and more can be
found at
gfmedc.com/business/
stayexpand/incentives/
finance-programs
Bank of North Dakota
(BND)
As the only state-owned bank in the nation,
BND is able to take a unique approach to
assisting businesses by joining private and
public resources. BND offers the following
financing options for primary sector
businesses.
bnd.nd.gov
··MATCH Program
··PACE Program
··Beginning Entrepreneur Loan Guarantee
Program
··Business Development Loan Program
··Value-added Agricultural Equity Loan
Program
Growth Initiative Fund
(GIF)
The GIF is a revolving loan fund managed
and administered by the Greater Fargo
Moorhead Economic Development
Corporation (GFMEDC). A portion of
the GIF’s funds are available for projects
targeted at the emerging sectors identified
in the Cass Clay Economic Plan. Projects
will be considered on a case-by-case basis.
gfmedc.com
Innovate ND
Innovate ND provides access to beneficial
venture tools, online entrepreneur
education and extensive resources. If you
are a North Dakota-based entrepreneur or
innovator working on a new concept, you
may be eligible for the program.
An entry fee of $250 gains you access to
$2,500 of resources through a certified
North Dakota entrepreneurial center. Funds
can be used to create your business plan,
prototype development, coaching, and
consulting and marketing assistance.
innovatend.com
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AUGUST 2016
North Dakota Department
of Commerce, Economic
Development and Finance
The North Dakota Department of
Commerce, Economic Development and
Finance provides financial packages, tax
incentives, research for local and community
economic development organizations, and
support and information for economic
development around the state.
commerce.nd.gov
Here you will find:
··North Dakota Development Fund
··Community Development Block Grant (CDBG)
··Agricultural Products Utilization
Commis sion (APUC)
North Dakota New Jobs
Training Grant
The North Dakota New Jobs Training
program captures the North Dakota
state income tax withholding generated
from individuals filling new job positions—
identified in a New Jobs Training
Agreement—for up to a 10-year period
starting from the effective date of the
Agreement.
North Dakota Opportunity
Fund
The Opportunity Fund leverages private
financing to help small businesses and
manufacturers attain the loans and
investments needed to expand and create
jobs. A consortium of 38 municipalities
across North Dakota has received funding
for operating the loan participation
program. The municipalities in Cass County
are Casselton, Fargo and West Fargo.
Loan funds can be used for construction,
equipment, working capital, real estate and
interim SBA 504 loans.
lewisandclarkrdc.org/
programs/nd-opportunity-fund
Operation Intern
A primary-sector business that employs
interns is eligible for matching funds of
up to $30,000 per legislative biennium.
A match of up to $3,000 per intern is
available. Employers must select student
interns that are:
··Enrolled in a North Dakota college or
university taking at least six credits during
the internship or in the semester prior to
the internship
··A high school junior or senior
··A student enrolled in a registered
apprenticeship program
A company may request to hire a student
attending an institution that closely borders
North Dakota if the company demonstrates
the need for additional candidates.
workforce.nd.gov/workforce/
OperationIntern
Small Business
Administration (SBA)
Loans & Grants
sba.gov/loans-grants/seewhat-sba-offers
Here you will find:
··Surety Bonds
··Microloan
··Venture Capital Program
··General Small Business Loans: 7a
··Small Business Investment Company
(SBIC)
··504 Loans
Wells Fargo Women
Business Owners Loan
wellsfargo.com/biz/women_
diverse_business/women