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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Located in Bismarck, ND, this is the only state-owned bank in the nation. Its mission, established by legislative action in 1919, is to encourage and promote agriculture, commerce and industry in North Dakota. In this role, the Bank acts as a funding resource in partnershi... Learn More
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
An EB-5 Regional Center is a job creation visa program (created by Congress in 1990) that is administered by U.S. Citizenship and Immigration Services (USCIS). The purpose of an EB-5 Regional Center is to stimulate economic development, create jobs and improve regional productivity through direc... Learn More
The City of Jamestown and Stutsman County have a combined Economic Development Fund which is a multimillion-dollar economic development program available to assist with expanding or relocating business. As part of financial packages, the Jamestown Stutsman Development Corporation (JSDC) makes direct loans, equity investments, an... Learn More
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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Funded and administered by the state, this fund provides "gap financing" through loans and equity investments not available from most conventional lenders and is available to any primary-sector business with the exception of production agriculture. The Development Fund also administers the Regional Rural Revolving Loa... Learn More
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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Makes fixed-rate long-term loans on fixed assets. Funding limits (SBA share of loan) are $5,000,000 or 40% of project cost whichever is less. Interest rate on SBA share is US Treasury note plus 1%. SBA will take a second mortgage and requires owner equity o... Learn More
SCORE "Counselors to America's Small Business" is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE is headquartered in Herndon, VA and Washington, D... 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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A program to assist North Dakota businesses and industries in retraining and upgrading worker's skills to meet demands of new technologies and work methods. Workforce 20/20 provides funding assistance to businesses to offset training costs for current workers and new employees when the business i... Learn More

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