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Development Fund


Business in need of equity financing can look to the Development Fund as a possible solution.

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 provides "gap financing" through loans and equity investments not available from most conventional lenders and 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 primary-sector projects located in a community of less than 8,000 in population or located more than five miles outside the city limits. 

The fund is a secondary source of financing, subordinate to private sources. If a business can't handle added debt, the Development Fund can take an equity financing position.


ND Development Fund Brochure
File Size: 334 kb

Annual Reports
2014 Annual Report
File Size: 1531 kb

2013 Annual Report
File Size: 8563 kb

2012 Annual Report
File Size: 5412 kb

2011 Annual Report
File Size: 7967 kb

Primary Sector Business

Primary sector includes individuals and businesses which, through the employment of knowledge or labor, add value to a product, process, or service that results in the creation of new wealth. Primary sector includes tourism and specific types of investor-owned agriculture, and is typically businesses such as manufacturers, food processors or export service companies. Investor-owned agriculture includes livestock feeding or milking operations, or other value added agriculture located apart from an individual farm operation that is professionally managed and has employees.
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