North Dakota Development Fund

The North Dakota Development Fund (NDDF) delivers flexible gap financing, offering direct loans, participation loans, and equity investments. These capital solutions primarily support new or expanding primary sector businesses within North Dakota, addressing funding needs often unmet by conventional lenders. The fund’s objective is to enable enterprise growth.

Established by legislative action in 1991, the North Dakota Development Fund was created as a state economic development tool. The insight recognized a market gap for accessible, flexible capital beyond traditional banking channels, essential for stimulating local business expansion and diversification. It operates as a statewide nonprofit development corporation.

The fund primarily serves primary sector businesses launching or growing across North Dakota. Its vision is to catalyze business development throughout the state, fostering economic growth and job creation. By strategically deploying capital, the NDDF aims to encourage and promote agriculture, commerce, and industry within North Dakota’s economy.