Draft CEDS Plan open for public review and comment through December 29th

Draft CEDS Plan open for public review and comment through December 29th

Lewis & Clark Regional Development Council (RDC) is in the process of finalizing its 2024-2028 Comprehensive Economic Development Strategy (CEDS). Why does this matter?: CEDS plans are required by the U.S. Economic Development Administration (EDA) to provide a strategic roadmap to diversify and strengthen a regional economy. Lewis & Clark RDC, part of the Lewis & Clark Development...

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Demand is growing among state’s meat and poultry processors for MPILP loans

Demand is growing among state’s meat and poultry processors for MPILP loans

Late last year, USDA Rural Development awarded a $10 million grant to Lewis & Clark Development Group to create a new Revolving Loan Fund (RLF) for North Dakota's meat and poultry industry. The grant was part of the federal Meat & Poultry Intermediary Loan Program (MPILP). The $10 million grant was the largest in LCD Group's 54 year history. LCD Group recently closed on two projects,...

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NDOF helps couple grow their truss manufacturing business

NDOF helps couple grow their truss manufacturing business

Twenty-three years ago, Shane Scott was fresh out of college when he started working in the lumber industry. At the time, like so many college graduates, Shane took the job because he needed one. Little did he know then that he found his career.  Over the years, Shane was involved in architectural drafting, truss design, and sales. The day eventually came when he saw an opportunity to go out and...

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North Dakotans: Affordable housing is the state’s top overall need

North Dakotans: Affordable housing is the state’s top overall need

(Mike Moen - Prairie News Service) -- More than 65% of North Dakotans say housing is the state’s biggest overall need. That’s according to new community-level survey data. The findings are from the latest needs assessment issued by Community Action Partnership of North Dakota, which gathered feedback from more than 3,000 residents. For low-income respondents, rental assistance is the biggest...

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State Regional Workforce Impact Program is now open

State Regional Workforce Impact Program is now open

(Source: North Dakota Department of Commerce) – The North Dakota Department of Commerce is pleased to announce that the application for the Regional Workforce Impact Program (RWIP) is now available.  This grant program aims to encourage communities and regions in North Dakota to develop innovative solutions to address workforce challenges. The application portal will be available November 6,...

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Credit card debt rising at fastest pace since 2008, according to Goldman Sachs

Credit card debt rising at fastest pace since 2008, according to Goldman Sachs

(Source: The National Desk) -- For Americans with credit card debt, a troubling trend is emerging–one that's usually associated with a financial crisis. Credit card losses, which occur when a borrower fails to repay debt and the lender writes it off, are rising at the fastest rate since 2008, according to Goldman Sachs. They currently stand at a rate of 3.63%, an increase of 1.5 percentage...

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LCD Group partnership with NDHFA is helping to meet state’s affordable housing needs

LCD Group partnership with NDHFA is helping to meet state’s affordable housing needs

By Lynn Boehm, North Dakota Housing Finance Agency The relationship between like-minded North Dakota organizations is contributing to progress with, and the availability of, affordable housing in the state. North Dakota Housing Finance Agency (NDHFA) and Lewis & Clark Development Group (LCD Group) share a common goal – to expand affordable housing options in North Dakota, leaving communities...

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County and city auditors invited to take CEDS survey, help  develop five-year growth plan

County and city auditors invited to take CEDS survey, help develop five-year growth plan

Lewis & Clark Regional Development Council (RDC) is developing a new five-year Comprehensive Economic Development Strategy (CEDS) for Burleigh, Emmons, Grant, Kidder, Mercer, McLean, Morton, Oliver, Sheridan, and Sioux counties. Lewis & Clark RDC, which is part of Lewis & Clark Development Group, is the federally designated Economic Development District (EDD) for the ten-county south...

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Home prices, rent prices continue to rise nationally; North Dakota ranks 26th among states building the most homes

Home prices, rent prices continue to rise nationally; North Dakota ranks 26th among states building the most homes

(Source: Construction Coverage) -- Rising real estate values and increasing rents have stretched budgets for homebuyers and renters since the onset of the COVID-19 pandemic. The median home sales price in the U.S. jumped by over $150,000 from the first quarter of 2020 to the fourth quarter of 2022 amid low interest rates and a stronger-than-expected pandemic economy. Rent prices, on the other...

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“Because of the support from the North Dakota Opportunity Fund”

“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 existing clinic, Dakota Back & Neck, provided Myers with the chance to expand his services and serve more patients.  With his...

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