North Dakota Development Fund

Overview

The North Dakota Development Fund (NDDF) is a state-operated venture capital firm established to stimulate economic growth within North Dakota. It offers flexible financing solutions, including loans and equity investments, to new and expanding primary sector businesses that may not have access to traditional funding sources. The fund's mission is to catalyze business development and expansion across the state. NDDF employs various financing mechanisms such as direct loans, participation loans, subordinated debt, and equity investments, with funding limits up to $3,000,000 per project. The fund also manages specialized programs like the Regional Rural Development Revolving Loan Fund, Angel Match Program, and Child Care Loan Program, each designed to address specific economic development needs within the state. Since its inception in 1991, NDDF has been instrumental in supporting a diverse range of industries, including technology, healthcare, real estate, financial services, agriculture, manufacturing, energy, child care, infrastructure, education, retail, transportation, construction, hospitality, and media. By providing targeted financial assistance, the fund plays a crucial role in fostering a resilient and diversified economy in North Dakota.

Investment Focus

• Primary sector business located in North Dakota
• Feasible project with reasonable chance of success
• Use of funds for working capital, fixed assets, real property, equipment, facility expansion, or inventory purchase

Portfolio Companies