“A solid return on investment”: NDOF provides annual support for Small Business Development Centers

“A solid return on investment”: NDOF provides annual support for Small Business Development Centers

Since 2012, the North Dakota Opportunity Fund has disbursed almost $35 million in loan proceeds to businesses located throughout its consortium of 38 North Dakota communities and municipalities.  For several years now, the NDOF steering committee has awarded an average of $15,000 annually to help meet the operational needs of North Dakota Small Business Development Centers (SBDC) throughout the...

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Add one regional business loan, one great business plan, and bake for success

Add one regional business loan, one great business plan, and bake for success

It’s easy to find in downtown New Salem. Just look for the bright red door. Once you step over the threshold, you’ll be greeted by the rich fragrance of coffee and the sweet scents of a hometown bakery. There is something about a small town coffee shop and bakery that is as American as, well, apple pie. And once you’re there, you’ll likely be greeted by owner Malinda Ellingson whose passion for...

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LCD Group, USDA and state officials celebrate opening of NoDak Meats

LCD Group, USDA and state officials celebrate opening of NoDak Meats

(Credits and Sources: KFGO Radio News / USDA Rural Development) -- On January 5, Lewis & Clark Development Group joined USDA Rural Development StateDirector Erin Oban and North Dakota Ag Commissioner Doug Goehring  in Steele for a ceremonial ribbon-cutting celebrating the grand opening of NoDak Meats, LLC.  Owned by Scott Sandquist, the Steele-located meat processing facility received a...

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“A tremendous opportunity”: FHLB member lenders can positively impact affordable housing by partnering with CommunityWorks

“A tremendous opportunity”: FHLB member lenders can positively impact affordable housing by partnering with CommunityWorks

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) has selected North Dakota to be part of its Member Impact Fund and CommunityWorks North Dakota needs your help.   For a limited time, all FHLB member institutions can partner with CommunityWorks through a matching grant program that will provide up to $3 for every $1 of member's grants to CommunityWorks.   All grant funds and matching...

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LCD Group awarded $1 million grant to rehabilitate multi-family apartments in Rolla

LCD Group awarded $1 million grant to rehabilitate multi-family apartments in Rolla

CommunityWorks North Dakota has been awarded a $1 million federal grant through the Federal Housing Finance Agency to rehabilitate a multi-family housing complex in Rolla, North Dakota. The grant, made available through the Federal Home Loan Bank's Affordable Housing Program (AHP), will allow CommunityWorks to significantly renovate Sandlot Apartments, a 47-unit facility housing fixed-income...

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Ekstrom reappointed to Federal Home Loan Bank Des Moines Advisory Council

Ekstrom reappointed to Federal Home Loan Bank Des Moines Advisory Council

Federal Home Loan Bank of Des Moines (FHLB Des Moines) recently re-appointed Brent Ekstrom, executive director, Lewis & Clark Development Group, to its Affordable Housing Advisory Council (Advisory Council) representing the state of North Dakota. Ekstrom began his three-year term on January 1, 2024.   “I am happy to announce the re-appointment of Brent to the Advisory Council. He brings a...

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In 2023, LCD Group financed $2.1 million in loans through Revolving Loan Funds

In 2023, LCD Group financed $2.1 million in loans through Revolving Loan Funds

"It was a good year." That's the assessment Lewis & Clark Development Group Commercial Lending Director Matt Burthold offers when he looks back on the projects financed through the organization's myriad of Revolving Loan Funds (RLFs) in 2023. According to Burthold, LCD Group awarded loans in excess of $2.1 million to businesses throughout North Dakota.  The genius of RLFs is in their...

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How the SBA 504 Loan benefits lenders

How the SBA 504 Loan benefits lenders

The SBA 504 Loan has rightfully been called "the loan that grows America." Millions of small businesses across America, and hundreds throughout North Dakota have benefited from this program. Without question, the SBA 504 Loan is one of the - if not the - very best loans for small businesses. With terms for 10 years, 20 years, or 25 years, borrowers are provided with fixed rate financing for the...

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Getting the news out on programs that allow seniors to age in their homes

Getting the news out on programs that allow seniors to age in their homes

It's a challenge that eventually confronts every family: How do you keep your elderly loved one in their home for as long as possible? The desire to maintain independence eventually comes up against the reality of floor plans not suited to meet the changes that come with age. Fortunately there are programs available to help both residents and families meet these needs but many don't know they...

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North Dakota’s median rent near bottom nationally, but lack of inventory compounds state’s affordable housing challenges

North Dakota’s median rent near bottom nationally, but lack of inventory compounds state’s affordable housing challenges

(Sources & Credits: New Topic News / constructioncoverage.com) -- New inflation data from the federal Bureau of Labor Statistics revealed that while October's Consumer Price Index was up 3.7 percent year-over-year, the index for shelter had risen 7.2 percent over the same span.  The big picture: While inflation in most economic sectors has come down, rent prices have not. The dynamics of the...

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