PACE Interest Buydown Loan

The PACE Fund helps communities expand their economic base. The program has two elements:

  • Participation by BND with a local lender in a community-based loan
  • Participation by the PACE Fund with the local community to reduce the borrower’s interest rate.

Bank of North Dakota

1200 Memorial Hwy • PO Box 5509
Bismarck, ND 58506

http://bnd.nd.gov/business/pace-program/

Category: Financial

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New or expanded businesses or enterprises may negotiate for up to five years full of partial exemption from local property taxes. A second five-year exemption may apply if the business uses agricultural products grown in North Dakota.
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An EB-5 Regional Center is a job creation visa program (created by Congress in 1990) that is administered by U.S. Citizenship and Immigration Services (USCIS). The purpose of an EB-5 Regional Center is to stimulate economic development, create jobs and improve regional productivity through direct...
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The City of Jamestown and Stutsman County have a combined Economic Development Fund which is a multimillion-dollar economic development program available to assist with expanding or relocating business. As part of financial packages, the Jamestown Stutsman Development Corporation (JSDC) makes direct loans, equity investments, and...
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This program is designed to assist in the financing of affordable multi-family housing units for individuals in areas of North Dakota affected by oil and gas development.  Learn more
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No sales and use taxes on machinery and equipment, utilities; reduced sales tax on natural gas. No interstate sales tax on phone line communication.
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The purpose of the Red River Corridor Fund (RRCF) is to create jobs by helping small businesses across North Dakota access capital. The RRCF is funded by the U.S. Department of Treasury as part of the State Small Business Credit Initiative (SSBCI) program through the...
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When it comes to economic and business development, one more resource never hurt, click on the link to find out more information about a program that is offered exclusively by Northern Plains Electric Cooperative to bolster commerce in its service area (which extends from south...
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The Work Opportunity Tax Credit is a federally funded program designed to encourage employers in the private sector to hire qualified job seekers (from nine target groups) who face barriers to gainful employment. Learn More
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