Local and state support available through a variety of programs and incentives.
Grand Forks Region Economic Development Corp.
The Grand Forks Region EDC assists businesses seeking both local and state incentives and works closely with them to ensure optimal support. Local programs include the Grand Forks Growth Fund, which provides low-interest loans up to $500,000 for property in Grand Forks County, working capital or equipment purchases; match loans and workforce recruitment tax abatements.
North Dakota Department of Commerce
North Dakota offers tax incentives for businesses including:
- Property tax exemptions
- Computer and telecommunications equipment tax exemptions
- Workforce recruitment tax credits
The Bank of North Dakota is the only state-owned bank in the nation and provides unique financing services and low-interest programs in collaboration with lead lenders to meet the needs of any new or expanding business.