·
Agricultural Products Utilization
Commission (APUC)
Stimulates the development of new and
expanded uses of North Dakota agricultural products. Grant dollars can be used
for product research, prototype development, feasibility studies, marketing
plans and activities, and job creation in North Dakota.
·
Community
Development Block Grant
(CDBG)
Funds are awarded to communities for real
property, site improvements and infrastructure, and as a guarantee to fund
working capital. The primary beneficiaries of these projects must be very low and low income individuals. Distribution
Statement.
·
North Dakota Development
Fund (NDDF)
Financial assistance for Primary sector
businesses (up to $1,000,000) for use in real estate, equipment, and working
capital. "Gap" financing is available through direct loans,
participation loans, subordinated debt and equity investments. These options
provide long-term and short-term capital to new, expanding or relocating
primary sector businesses.
This innovative financial program that
provides flexible financing through debt and equity investments for new or
expanding businesses in ND. The program is administered through the NDDF and
offered through the Bank of North Dakota. It can fund rapidly growing companies
which require equity funding. Click
here to view the application.
The purpose of this program is to provide
financial assistance to child care providers. Eligible providers include
licensed profit, non-profit and public child care facilities. Approved uses of
funds include equipment, real estate, and working capital. The maximum award is
$100,000. Click here to view the application.
·
ND Small Business Technology
Investment Program
This program provides financial assistance to
Primary Sector Businesses in the technology field at the start-up stage. Click here to view the application.
Bank of North Dakota (BND)
BND,
the only state-owned bank in the Nation, is dedicated to promoting commerce,
industry and agriculture through a variety of financial programs and services.
·
Beginning Entrepreneur Loan Guarantee Program
is
designed to assist in business start-up financing by providing a financial
institution with an 85% guaranty of a loan not to exceed $100,000.
·
Business Development Loan Program
is
designed to assist new and existing businesses in obtaining loans that would
have a higher degree of risk than would normally be
acceptable to a lending institution. The total outstanding amount under this
program by BND may not exceed $25 million.
provides
interest buy down to non-PACE qualifying businesses where the Community
determines eligibility and accountability standards. Flex PACE targets
essential community businesses without the job creation requirement.
Agricultural Financing Services
·
Ag PACE (Agriculture
Partnership in Assisting Community Expansion)
buys
down the interest rate on loans to farmers who are investing in other
nontraditional agriculture activities to supplement farm income.
·
Beginning
Farmer Farm Loans (Revolving Loan Fund)
assists
with the first time purchase of farm real estate
and/or the purchase of equipment and livestock. Each qualified applicant is
eligible for a $250,000 loan from the Real Estate Loan Program and $250,000
loan from the Chattel Loan Program.
·
Other
Family Farm or Farm Agricultural Real Estate refinancing or assistance programs
o
Established Farmer Real Estate Loan Program
o
Farm and Ranch Participation Program
o
Farm Real Estate Loan Guarantee Program
o
First
Time Farmer Finance Program
(Biofuels
Partnership in Assisting Community Expansion) buys down the interest rate on
loans to biodiesel and ethanol production facilities, and livestock operations.
·
Livestock Waste Management System Loan Program
reduces
or prevents water quality impacts associated with livestock waste by providing
low interest financial assistance to livestock producers to install waste
management facilities. Eligibility will be determined by approval of
applications by the North Dakota Department of Health.
·
PACE
(Partnership in Assisting Community Expansion)
One
of the most attractive programs, the standard PACE is an interest buy down loan
program that is available to primary sector business including manufacturing,
data processing, communications, telecommunications and targeted service
industries. The PACE Program is available to finance the purchase of equipment
or real estate, as well as term working capital. In conjunction with community
support, the program provides an interest buy down that can reduce the
borrower's overall interest rate.
·
Value-Added Agriculture
Equity Loan Program (ENVEST)
provides
a below market interest rate for North Dakota farmers and businessmen to
purchase shares in start up or expanding agricultural
processing facilities.
Programs
& Services for Businesses
USDA provides
funding opportunities for rural small businesses through loans, loan
guarantees, and grants.
·
Advanced
Biofuel Payment Program
·
Biorefinery,
Renewable Chemical, and Biobased Product
Manufacturing Assistance Program
·
Business
& Industry Loan Guarantees
·
Distance
Learning & Telemedicine Grants
·
Distributed
Generation Energy Project Financing
·
Energy
Resource Conservation
·
Intermediary
Relending Program
·
Repowering
Assistance Program
·
Rural
Broadband Access Loan and Loan Guarantee
·
Rural
Business Investment Program
·
Rural
Economic Development Loan & Grant Program
·
Rural
Microentrepreneur Assistance Program
·
Socially-Disadvantaged
Groups Grant
·
Strategic
Economic and Community Development
·
Telecommunications
Infrastructure Loans & Loan Guarantees
Tax Incentives
·
Business Incentives Database
·
Corporate Income Tax Exemption
2017/2018
Tax Incentives for Businesses Brochure
ND State Tax Commission
Site for Businesses
·
Exemptions/Refunds/Credits
for Businesses
North Dakota has a
variety of tax exemptions, refunds and credits that are available to businesses
(details will be found on the right side, in the pink column).
Most of
North Dakota’s economic development tools and incentives are targeted toward
primary sector businesses. Certification does not guarantee receipt of any
incentive but being certified as a primary sector business can be an important
first step in the process.
·
Primary
Sector Certification
Primary sector
businesses are individuals, corporations, limited liability companies,
partnerships, or associations certified by the department of commerce division
of economic development and finance which add value to a product, process, or
service which results in the creation of new wealth.
Business Forms
& Licensures
Several
North Dakota agencies have worked together to place forms online for easy
access. You'll find forms for Sales and Use Tax, Workers' Compensation
Insurance, State Unemployment Insurance, State Income Tax Withholding and
others.
·
ND New Business
Registration Forms
·
ND
Secretary of State Business Licenses