Financial Incentives

Primary Sector Business Certification

Most of the state's economic development tools and incentives are targeted toward primary sector businesses. In fact, legislation for several of these incentives specifies that a business must be 'certified' as a primary sector business by the director of the Economic Development & Finance Division of the North Dakota Department of Commerce. Certification does not guarantee receipt of any incentive, but being certified as a primary sector business can be an important first step in the process.

Contacts

North Dakota Department of Commerce

1600 E. Century Ave., Suite 2
Bismarck, ND 58503

Phone: 701.328.5300

https://www.business.nd.gov/forms/IncentiveCertificationForms/

Category: Financial

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New or expanded businesses or enterprises may negotiate for up to five years full of partial exemption from local property taxes. A second five-year exemption may apply if the business uses agricultural products grown in North Dakota. Learn More
The South Central Dakota Regional Council currently has up to $500,000 available in this low-cost financing option. Like other funding sources, the number of jobs created would have a bearing on the amount of accessible funds. Learn More Learn More
The mission of Dakota Business Lending is all about cultivating the success of businesses in North Dakota and western Minnesota. We do this by providing exceptional financing solutions in a supportive and creative environment delivered by dedicated, experienced lending staff who strive to grow the econom... Learn More
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This program is designed to assist in the financing of affordable multi-family housing units for individuals in areas of North Dakota affected by oil and gas development.  Learn more Learn More
The Flex PACE Interest Buydown Loan allows communities the ability to provide assistance to businesses that do not meet the primary sector definition of PACE. In addition to this program, specific Flex PACE options have been developed for child care facilities and affordable housing projects... Learn More
No sales and use taxes on machinery and equipment, utilities; reduced sales tax on natural gas. No interstate sales tax on phone line communication. Learn More
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Provides incentives to businesses that are creating new employment opportunities through business expansion and relocation to the state. The program provides primary sector business with no-cost funding to help offset the cost of training new employees. The North Dakota New Jobs Training Program provides fo... Learn More
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R&D Technical Assistance Grants, Revolving Loan Fund, SBA Micro Loan Program as well as the Community Development Loan Fund. Learn More
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