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North Dakota Development Fund

Beulah Convention and Visitors

Foundation Rolling (Quarterly) Small Business GrantsCommunity Development Grants
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Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

North Dakota Development Fund

Status: Active

Geographic Scope: North Dakota

Focus Areas: Gap financing for real estate, equipment, and working capital for new, expanding, or relocating businesses

Overview: The North Dakota Development Fund provides gap financing to support business development across the state. The fund approves loans on a quarterly basis (rolling applications). In Q2 2025, six companies were approved for a total of $2.16 million in loan funds, with projects spanning child care, technology, and agriculture sectors.

Contact Information:

  • North Dakota Department of Commerce

  • Phone: 701-873-4360

    • Related Programs:

  • Corporate Income Tax Exemption: New primary sector business corporations may not have to pay corporate income taxes for the first five years of operation in North Dakota

  • Partnership in Assisting Community Expansion (PACE): Interest buy-down loan program for primary sector businesses

  • Sales & Use Tax Exemption: New or expanding plants may be exempt from sales and use taxes on machinery or equipment purchases

    • Focus Areas & Funding Uses

    Fields of Work

    small-businessescommunity-development

    Categories

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