LCD GROUP NEWS
News, Upcoming Events, and AnnouncementsNorth Dakota Opportunity Fund helps ensure Snap-on Tools franchise route continues for Dickinson
Lewis & Clark RDC, through the North Dakota Opportunity Fund, recently approved and closed a loan for the portion of the funding to secure the franchise. Dakota Western Bank of Scranton is the lead bank on the project. Thanks to the Lewis & Clark Regional...
read moreRegional Council approves loan for new Mandan restaurant
Residents and visitors to Mandan will soon have another dining option and 40 new full- and part-time jobs will be created thanks, in part, to the Lewis & Clark Regional Development Council. The Council recently approved a loan through its Intermediary Relending...
read moreCommunityWorks’ Century Cottages project receives almost $1.5 million boost
The North Dakota Housing Finance Agency has awarded development assistance to the Century Cottages, a CommunityWorks North Dakota project located on Century Avenue in Bismarck. NDHFA awarded $788,000 through the Low Income Housing Tax Credit (LIHTC) program to the...
read moreThanks to Revolving Loan Fund, Quality Electric is connecting the region
One of the real, if sometimes under-appreciated, benefits of Lewis & Clark Development Group's Revolving Loan Fund are the significant impacts it has on communities. The fund, which provides critical capital to businesses, is helping many of these businesses...
read moreState’s regional councils focusing on greater collaboration
Lewis & Clark Development Group recently hosted a gathering of the state's regional council executive directors for a peer review conducted by the U.S. Department of Commerce's Economic Development Administration's (EDA) Denver Regional Office. In accordance with...
read more“A textbook example” of LCD Group’s ability to assist small businesses
Lewis & Clark Development Group recently approved a loan package, in partnership with lead lender Starion Bank of Mandan, to assist Ideal Tire, LLC to own and operate the Big O Tire Store. LCD Group provided approximately 35 percent of the total financial...
read moreLCD Group financing helped bring Bennigans to Mandan, meet demand for casual dining
Bennigan's, the international restaurant chain, opened its latest restaurant in northwest Mandan on August 20. The Irish inspired restaurant helps fill an estimated $10 million demand for a sit down casual dining restaurant in Mandan. It also marks a major comeback...
read more‘Lunch & Learns’ connect LCD Group with stakeholders across North Dakota
Lewis & Clark Development Group has been on the road recently holding a series of Lunch & Learn sessions for bankers, realtors, and municipal leaders across North Dakota. Since May, LCD Group's Commercial Lending Director Matt Burthold, Housing Director Lisa...
read moreNorth Dakota Opportunity Fund Helps Bakken Rig Company Startup
Earlier this summer, the North Dakota Opportunity Fund approved a loan, in partnership with First National Bank and Trust Company of Williston, for Pronghorn Well Service, LLC. Pronghorn Well Service is a start up venture that will service oil fields in western North...
read moreCDBG Funds Awarded to Four Communities
Six applications were submitted to the Lewis & Clark Regional Development Council's Community Development Block Grant (CDBG) Scoring and Ranking Committee for consideration. The City of Wilton submitted a housing project application to assist in the rehab of a...
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