North Dakota Development Fund is sponsored by North Dakota Development Fund. The North Dakota Development Fund is a gap financing program that provides flexible funding, including loans, equity investments, and loan guarantees, for new or expanding primary sector businesses in North Dakota.

Development Fund | Commerce | North Dakota 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.

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

North Dakota Development Fund, Inc. Programs North Dakota Development Fund, Inc. The NDDF provides flexible gap financing to new or expanding primary sector businesses in North Dakota. Provide financial assistance to new and expanding child care providers. Regional Rural Development Revolving Loan Fund Flexible gap financing to primary sector businesses.

Angel Match Program (AMP) Support early-stage primary sector North Dakota businesses by matching investor commitments. Advance ND awards “deal-closing” low interest loans to companies considering a new industrial project in North Dakota. Automate ND Grant Program Automate ND is designed to provide financial support to North Dakota PSC businesses who are facing a workforce shortage.

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

NDDF Venture Financing Manager NDDF Venture and Credit Analyst North Dakota Development Fund Associate Venture and Credit Analyst Manufacturing/Rural Sector Robert Lindberg - Bismarck Industrial Technology and Research Sector Joel Brown - Watford City Industrial Technology and Research Sector First International Bank & Trust Native American Representative Sector North Dakota Indian Affairs Chris Schilken - Bismarck Department of Commerce Commissioner Lyndsay Ulrickson - Minot Bush Foundation Kate Black - Bismarck Industrial Technology and Research Sector Inland Oil & Gas Corporation Board of Directors Strategic Session - June, 2025 Development Fund Annual Report - 2024 Development Fund Annual Report - 2023 Development Fund Annual Report - 2022 Development Fund Annual Report - 2021