North Dakota Development Fund

The North Dakota Development Fund, a division of the Department of Economic Development and Finance of the North Dakota Department of Commerce, is a statewide nonprofit development corporation. It has the authority to take equity positions in, to provide loans to, or to use other innovative financing mechanisms to provide capital for a new or expanding businesses in this state, or relocating businesses to this state. The corporation’s principal mission is to provide flexible financing to catalyze the development and expansion of businesses in the state of North Dakota. The Fund is responsible for the administration and management of the following funds, as defined by legislation, and are administered by the North Dakota Development Fund’s Board of Directors: A. Development Fund B. Regional Rural Revolving Loan Fund C. Child Care Loan Program The Fund staff is responsible for the administration and management of the Angel Match Program through the State Small Business Credit Initiative.