Development Fund

Medium

Building the Future sign in a manufacturing facility

Botlink drone test flight

Employee in front of the line at Baker Boy

Kids playing at a fall harvest event

Sunflowers at sunset

Medium

North Dakota Development Fund

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, Angel Match Program, 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.

Development Fund Fact Sheet

Online Banking Login

Medium

Fertilizer Facility Loan Funding

The North Dakota Development Fund (NDDF) is now soliciting proposals for companies looking to construct a fertilizer facility in North Dakota.

Responses to questions are published under the Fertilizer Loan Fund Review Process.

Click for more information

Medium

Success Stories

Read these success stories that showcase the impactful achievements and transformative outcomes facilitated by the Development Fund.

Corvent Medical

Medium

North Dakota Development Fund, Inc. Programs

Medium

North Dakota Development Fund, Inc.

The NDDF provides flexible gap financing to new or expanding primary sector businesses in North Dakota.

Regional Rural Development Revolving Loan Fund

Flexible gap financing to primary sector businesses.

Child Care Loan Program

Provide financial assistance to new and expanding child care providers.

Angel Match Program (AMP)

Support early-stage primary sector North Dakota businesses by matching investor commitments.

Wonder Fund North Dakota

O’Leary Ventures (OLV) partnered to manage a $45 million direct investment program.

Advance ND

Advance ND awards “deal-closing” low interest loans to companies considering a new industrial project in North Dakota.

Medium

NDDF Staff

Shayden Akason Jessica Nygaard

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

Jim Albrecht - Wahpeton President Manufacturing/Rural Sector Comdel Innovations	Erik Barner - Fargo Vice President Finance Sector Broadwater Capital
Robert Lindberg - Bismarck Secretary/Treasurer Industrial Technology and Research Sector Laventure	Anthony Bauer - Belcourt Native American Representative Sector North Dakota Indian Affairs
Joshua L. Teigen - Fargo Agency Department of Commerce Commissioner	Lindsay Ulrickson - Minot Finance Sector Bush Foundation
Joel Brown - Watford City Industrial Technology and Research Sector First International Bank & Trust	Jeff Thomas - Fargo Finance Sector Cornerstone Bank