LCD GROUP NEWS
News, Upcoming Events, and Announcements“Because of the support from the North Dakota Opportunity Fund”
Like many small business owners, Dr. Travis Myers saw a business opportunity and wanted to seize upon it. Myers has been a chiropractor for 16 years and has been providing chiropractic care in Watford City for many of those years. Recently, the opportunity purchase an...
A look at North Dakota’s economy
(Source: Bismarck Tribune) -- A monthly measure of economic conditions in the nine-state Midwest and Plains region has slumped for the first time in five months. The overall index in the Mid-America Business Conditions Survey in July dropped to 46.1 from 50.8 in June....
Q&A on the SBA 504 Loan with LCD Group’s Ashley Hruby
The federal Small Business Administration's 504 Loan Program is one of the most popular and impactful small business loans available today. It's popularity is directly related to its versatility in financing a range of expansion needs: land acquisitions, equipment,...
North Dakota’s workforce has grown by 21 percent since 2022
(Credit: The Center Square) -- North Dakota's labor force grew from 342,463 to 414,311 over the past 20 years, a 21% increase, according to the annual North Dakota Workforce Review issued by the Labor Market Information Center. The state's unemployment rate also...
Mortgage loan financing made more accessible to North Dakota residents
(Source: InForum) -- The North Dakota Housing Finance Agency will now provide mortgage loan assistance to individuals and families with a higher yearly income in most counties, and they have increased the purchase price limit for financed properties. Changes in the...
Regional business loan through LCD Group allows automotive repair business to expand into Mandan
Another business has benefited from a regional business loan fund through Lewis & Clark Development Group. This time it is Lincoln Repair, based between Bismarck and Lincoln, which was able to purchase land to open a new location in Mandan. Lincoln Repair joins an...
Lewis & Clark RDC conducting important online survey to develop new regional economic, community development strategy
Lewis & Clark Regional Development Council (RDC) is conducting an online survey to help develop its new five-year Comprehensive Economic Development Strategy (CEDS) for the ten-county region it serves. Lewis & Clark RDC is the federally designated Economic...
Annual Report: Bank of North Dakota’s portfolio grew by $765 million in 2022
(Source: InForum) -- The state-owned Bank of North Dakota reported total record assets of $10.2 billion at year-end 2022. According to a BND press release, the growth enabled the bank to increase its loan portfolio to a record $5.4 billion in loans to the state’s...
LCD Group helps manufacturer with a global clientele move to North Dakota
An SBA 504 Loan through Lewis & Clark Development Group has helped a Minnesota-based manufacturer move to North Dakota. PharmaMed Automation joins a long list of companies that expanded through the SBA 504 Loan and benefited from working with LCD Group. Founded in...
Data shows North Dakota among states seeing economic growth
(Credit: The Center Square) -- North Dakota’s economic outlook improved in June, according to Creighton University’s newly released index. The Rural Mainstreet Index covers 10 regional states focusing on nearly 200 rural communities for a real-time analysis of the...
