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The North Dakota Development Fund, Inc. (NDDF) provides “flexible gap financing” through loans and equity investments not available from most conventional lenders for the purpose of economic development. Funds are available to new and expanding North Dakota primary sector businesses.
The NDDF coordinates efforts between 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 NDDF makes investments of up to $3,000,000 through innovative financing mechanisms including direct loans, participation loans, and subordinated debt and equity investments. Any request of $150,000 or more must be reviewed and approved by the NDDF Board of Directors.
The NDDF also administers the Regional Rural Revolving Loan Fund, Rural Growth Incentive Programs, and Child Care Loan Program.
NDDF Mission Statement:
The Funds principal mission is to provide flexible financing to catalyze the development and expansion of businesses in the state of North Dakota.
North Dakota Development Fund, Inc. Programs
NDDF Staff
Shayden Akason
701-328-4563
Deputy Director/Head of Investment and Innovation
Jessica Tooke
NDDF CEO
Hannah Lange
NDDF Venture Financing Manager
Samantha Mattson
NDDF Venture and Credit Analyst
NDDF Board of Directors
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Erik Barner - Fargo Vice President Finance Sector Broadwater Capital |
Robert Lindberg - Bismarck Secretary/Treasurer Industrial Technology and Research Sector Laventure |
Nathan Davis - Belcourt Native American Representative Sector North Dakota Indian Affairs |
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Lindsay Ulrickson - Minot Finance Sector Bush Foundation |
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Jeff Thomas - Fargo |