North Dakota Development Fund
The North Dakota Development Fund is a state-run economic development financing program within the North Dakota Department of Commerce, administering loans, grants, and investor-matching programs to support North Dakota startups, rural businesses, and communities.
- Company typePrivate
- Founded1969
- HeadquartersMandan, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What North Dakota Development Fund does
The North Dakota Development Fund (NDDF) is a state-run economic development financing program administered by the North Dakota Department of Commerce, founded in 1969 and headquartered in Mandan, North Dakota. It coordinates and deploys public financing across the state's business and community ecosystem, operating within the Department of Commerce's Economic Development & Finance division alongside workforce, community services, and tourism functions. NDDF serves North Dakota-based startups, small and rural businesses, child care providers, and community organizations through a portfolio of targeted programs, and supports a network of nearly 50 Commerce programs and services statewide.
North Dakota Development Fund firmographics
Firmographics- Name
- North Dakota Development Fund
- Legal name
- North Dakota Development Fund
- Website
- https://business.nd.gov
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Short description
- The North Dakota Development Fund is a state-run economic development financing program within the North Dakota Department of Commerce, administering loans, grants, and investor-matching programs to support North Dakota startups, rural businesses, and communities.
- Ownership category
- akta.pro rank
North Dakota Development Fund industry classification
Industry- Product category
- Government Economic Development Finance
- NAICS
- Grantmaking Foundations (813211), Grantmaking and Giving Services (8132)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)
- akta.pro secondary industries
- National/Regional Development Finance Institutions (DFIs) (FSABAKAB), Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB)
Keywords
Where North Dakota Development Fund is headquartered
LocationHeadquarters
- HQ city
- Mandan
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
North Dakota Development Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Government Appropriations and Program Administration: As a state government agency, the North Dakota Development Fund operates through state appropriations and administers various loan and grant programs for economic development purposes. Revenue is derived from public funding rather than commercial operations.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
North Dakota Development Fund product offering
Product offeringCore offering
The North Dakota Development Fund is a state government economic development financing program that provides loans, grants, and investor-matching services to support business creation, expansion, and rural community development across North Dakota. Its portfolio includes Advance ND (business loans), Angel Match Program (angel investor matching), Automate ND Grant Program (automation grants), Child Care Loan Program, Regional Rural Development Revolving Loan Fund, and Wonder Fund North Dakota. The fund coordinates financing, businesses, and communities through the North Dakota Department of Commerce.
Product overview
The North Dakota Development Fund is an economic development initiative within the North Dakota Department of Commerce that offers a portfolio of financial programs including loan programs (Advance ND, Child Care Loan Program, Regional Rural Development Revolving Loan Fund), grant programs (Automate ND Grant Program), and investor matching services (Angel Match Program). The fund also maintains a portfolio of success stories and includes a Non-Primary Sector designation for businesses outside the primary sector. This is not a software product but rather a government-backed financial development program portfolio supporting business growth, rural development, child care infrastructure, and automation initiatives across North Dakota.
Differentiator
Problem solved
Functional benefit
Brands
- NDDF Non-Primary Sector: Program focused on non-primary sector economic development in North Dakota
Products and services
- Advance ND A loan program offered by the North Dakota Development Fund to support business development and growth for North Dakota businesses.
- Angel Match Program (AMP) A program that connects angel investors with startups and early-stage companies in North Dakota to support innovation funding.
- Automate ND Grant Program A grant program supporting automation initiatives for businesses in North Dakota, with a focus on manufacturing automation.
- Child Care Loan Program A specialized loan program to support child care providers and facilities in North Dakota, addressing workforce-supporting child care infrastructure financing.
- Regional Rural Development Revolving Loan Fund A revolving loan fund providing financing opportunities for rural development projects and rural businesses across North Dakota.
- Wonder Fund North Dakota A fund providing financial support and resources for North Dakota businesses, used in partnership with NDDF to support entrepreneurs and small businesses in the state.
Companies that use North Dakota Development Fund
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
North Dakota Development Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
North Dakota Development Fund partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- LOIS/LASSOcoreNew economic development services platform launched by the Economic Development team of North Dakota Department of Commerce to support partners and economic growth in North Dakota.
Scale indicators2 records
Recent moves3 records
Expansion highlights3 records
North Dakota Development Fund competitors and assessment
Company assessmentBroad incumbents
- U.S. Small Business Administration (SBA): Federal development finance institution providing loan guarantees, grants, and contracting support to US small businesses. Operates at national scale with overlapping startup/SMB lending mission but does not target a single state.
- USDA Rural Development: Federal agency administering rural business, housing, and infrastructure loan/grant programs. Highly comparable mission to NDDF's rural development focus (e.g., Regional Rural Development Revolving Loan Fund) but operating federally across all US rural areas.
- Economic Development Administration (EDA): Federal bureau within the US Department of Commerce providing grants and economic development financing to communities. Direct federal counterpart to state-level ED&F programs, with shared parent department (US Department of Commerce vs ND Department of Commerce).
- CDFI Fund (US Treasury Community Development Financial Institutions Fund): Federal fund within the US Treasury that promotes community development financial institutions through awards, capacity building, and BEAMS financial programs. Comparable development finance mission focused on underserved markets, but operating federally rather than at state level.
Regional players
- Iowa Economic Development Authority (IEDA): State economic development authority in Iowa offering business financing, innovation, and community programs. Comparable state-level structure serving a similar rural/agricultural Midwestern economy.
- Wyoming Business Council: Wyoming's state economic development organization administering business finance, community, and tourism programs. Comparable population-scale state DFI with similar energy/agriculture economic base.
- Minnesota Department of Employment and Economic Development (DEED): State-level economic development agency in neighboring Minnesota administering business financing, workforce, and community development programs. Comparable structure and mission to ND Commerce but serving a different geography.
- Montana Department of Commerce: Montana's state-level economic and community development agency, including the Montana Growth Through Agriculture program and community development block grants. Closely comparable state structure and rural-economy focus to NDDF.
- South Dakota Governor's Office of Economic Development: South Dakota's state-level economic development office administering business incentives, financing programs, and community development. Closest geographic peer to NDDF with comparable rural-economy focus.
Direct peers
- Bank of North Dakota: The only state-owned bank in the US, headquartered in Bismarck, North Dakota. Operates as a fellow state financial institution under the State of North Dakota, providing commercial banking, lending, and economic development financing alongside NDDF programs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights6 records
Customer concentration
North Dakota Development Fund social profiles
Digital presenceNorth Dakota Development Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Dakota Development Fund leadership team
Management profileNumber of profiles
North Dakota Development Fund subsidiaries and ownership
Company hierarchySubsidiaries5 records
North Dakota Development Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Dakota Development Fund M&A and investment
M&A and investmentM&A
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North Dakota Development Fund
What does North Dakota Development Fund do?
The North Dakota Development Fund is a state government economic development financing program that provides loans, grants, and investor-matching services to support business creation, expansion, and rural community development across North Dakota. Its portfolio includes Advance ND (business loans), Angel Match Program (angel investor matching), Automate ND Grant Program (automation grants), Child Care Loan Program, Regional Rural Development Revolving Loan Fund, and Wonder Fund North Dakota. The fund coordinates financing, businesses, and communities through the North Dakota Department of Commerce.
Is North Dakota Development Fund a public or private company?
North Dakota Development Fund is a private company. It is classified as state government owned and is currently operating.
When was North Dakota Development Fund founded?
North Dakota Development Fund was founded in 1969.
Where is North Dakota Development Fund based?
North Dakota Development Fund is headquartered in Mandan, United States, in the North America region.
How does North Dakota Development Fund make money?
One revenue line is on record: government Appropriations and Program Administration.
Who are North Dakota Development Fund's main competitors?
Broad incumbents on record are U.S. Small Business Administration (SBA), USDA Rural Development, Economic Development Administration (EDA) and CDFI Fund (US Treasury Community Development Financial Institutions Fund). Regional players are Iowa Economic Development Authority (IEDA), Wyoming Business Council, Minnesota Department of Employment and Economic Development (DEED), Montana Department of Commerce and South Dakota Governor's Office of Economic Development. Bank of North Dakota is listed as a direct peer.
Does North Dakota Development Fund have an API?
No public API is recorded for North Dakota Development Fund.
What industry is North Dakota Development Fund in?
North Dakota Development Fund's product category is Government Economic Development Finance. Its primary akta.pro industry code is BPADACAC, National Development Banks & State Development Finance Institutions (DFIs), with a secondary code of FSABAKAB, National/Regional Development Finance Institutions (DFIs). Its NAICS code is 813211 and its SIC code is 6111.