LCD GROUP NEWS
News, Upcoming Events, and AnnouncementsSurvey: North Dakota’s economy remaining strong despite regional challenges
(Source: Prairie Public News) - It was the only state that showed economic growth in a survey of regional supply managers last month. North Dakota is the only state in the nine-state Mid-America region with a growing economy. Dr. Ernie Goss is an economics professor...
NDOF Collateral Support Program helps two businesses meet their unique financing needs
Two western North Dakota businesses have benefitted from the North Dakota Opportunity Fund's Collateral Support Program. The new program was created in May in response to interest from lenders across the state. The program establishes pledged case collateral accounts...
North Dakota’s rural small businesses facing significant workforce challenges
(Source and Credit: The Center Square) - Small businesses in rural North Dakota are having a difficult time attracting and retaining workers, forcing some businesses to completely overhaul the way they operate. “Whether it’s in rural communities or in larger cities,...
LCD Group promotes Chris Masse to lender, oversee new MPILP program
USDA Rural Development recently awarded $10 million to Lewis & Clark Development Group to create a new Revolving Loan Fund for North Dakota’s meat and poultry industry. It is the largest grant ever awarded in LCD Group’s 53-year history and only one of eight MPILP...
Historic and game-changing: LCD Group receives $10 million grant to support North Dakota’s meat, poultry industry
USDA Rural Development has awarded $10 million to Lewis & Clark Development Group to create a new Revolving Loan Fund (RLF) for North Dakota's meat and poultry industry. The grants are part of the Meat and Poultry Intermediary Lending Program (MPILP), which is...
North Dakota Opportunity Fund helps Creative Elements transition to new ownership
A long-time employee is now a small business owner, thanks to financing assistance from the North Dakota Opportunity Fund. Creative Elements has been providing hair, beauty, skin care, and spa services in Williston for more than 15 years. For more than ten of those...
State housing assessment is “a wake up call”
The picture painted by the North Dakota Housing Finance Agency's Statewide Housing Needs Assessment is of a state that has moved on from the population surge of the early 2010s but with a housing market overpriced for many and rental units more expensive than ever. ...
Forbes: If you need business financing, now may be the best time
(Source & Credit: Forbes) -- If you’ve opened a small business within the past few years, you can be forgiven for thinking that the interest rate market in 2022 is bonkers. After all, before 2022, it seemed as if interest rates would always be stuck at all-time...
SBA 504 Loan: Helping dogs and owners alike
Lewis & Clark Development Group is closing out the federal fiscal year having processed $4.9 million in SBA 504 loans. The small businesses that have benefited from the loans run the gamut and touch on almost every economic sector. One of the most unique...
Word is getting out, inquiries coming in about NDOF Collateral Support Program
Back in May, after interest from lenders across the state, the North Dakota Opportunity Fund (NDOF) Steering Committee created a collateral support program. The program establishes pledged case collateral accounts with lending institutions within the NDOF's...
