.png)
The North Dakota Development Fund, Inc. (NDDF) provides “flexible gap financing” through loans and equity investments not available from most conventional lenders or investors 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.
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.
Board of Directors Meeting
Microsoft Teams
August 14th, 2025, 10:00 – 12:00 AM
10:00 AM: Call to Order
10:02 AM: Consent Agenda
10:05 AM: NDDF Policies & Procedures: Update
10:15 AM: NDDF Annual Financial Audit
10:25 AM: Executive Session - Not Open to the Public
11:55 AM: Other Items Not Addressed
12:00 PM: Adjourn
Meeting ID: 284 671 720 32
Passcode: WnMZcm
Dial in by phone
+1 701-328-0950,,881189001# United States, Fargo
Phone conference ID: 881 189 001#
Join on a video conferencing device
Tenant key: teams@join.nd.gov
Video ID: 117 248 514 3
Read these success stories that showcase the impactful achievements and transformative outcomes facilitated by the Development Fund.
North Dakota Development Fund, Inc. Programs
NDDF Staff
Brian Opp
701-328-7267
NDDF CEO
VACANT
NDDF Venture Financing Manager
Samantha Mattson
NDDF Venture and Credit Analyst
Jessica Hutchinson
701-328-7299
North Dakota Development Fund Associate 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 |
| Lyndsay 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 |