Katie Ralston Howe Director | North Dakota Department Of Commerce
Katie Ralston Howe Director | North Dakota Department Of Commerce
The North Dakota Department of Commerce has approved a total of $2.35 million in loans to four companies through the North Dakota Development Fund Inc. during the first quarter of 2025. This initiative is part of an ongoing effort to boost economic growth and job creation in the state.
“These investments reflect our ongoing commitment to fostering economic growth, meeting community needs, and creating jobs across North Dakota,” said Commerce Deputy Director – Economic Development & Finance / Head of Investments and Innovation Shayden Akason. “Through the Development Fund, we’re proud to support businesses that are moving the state forward.”
The recipients include After School Latch Key Program Inc., doing business as TL Childcare, which received a $247,500 loan for purchasing a building and expanding its child care operations. Valor Victoria Ltd. was granted a $500,000 loan for working capital purposes.
Charge On Together Center LLC in Jamestown obtained a $600,572 loan aimed at renovating its facilities to enhance child care services. Additionally, Small Wonders Preschool Childcare Center Inc. in Fargo secured two separate loans of $500,000 each for renovations and construction of new child care centers at different locations.
The North Dakota Development Fund, established in 1991, offers flexible financing options for new or expanding businesses and also manages the Child Care Loan Program to address critical workforce needs.
For further details about the Development Fund, visit belegendary.link/North-Dakota-Development-Fund.
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