North Dakota – The North Dakota Department of Commerce announced that six companies received approval for a combined $2.16 million in loan funds from the North Dakota Development Fund, Inc. (NDDF) during the second quarter of 2025.
Shayden Akason, Deputy Director of Commerce Economic Development & Finance and Head of Investments and Innovation, highlighted the significance of these loans in supporting economic growth and community needs across the state. Akason emphasized the fund’s focus on expanding access to child care, an essential service that helps parents remain in the workforce and strengthens North Dakota’s economic resilience.
Loan recipients and purposes include:
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Discovery Properties LLC, Mandan: $805,000 to purchase and renovate a building for a new child care facility.
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Reser LLC dba The Learning Tree, Minot: $100,000 to expand and remodel its existing facility.
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Transcend Childcare Center, Fargo: $100,000 to acquire an existing child care facility.
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OmniByte Technology Inc., Fargo: working capital support.
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Peace Academy Inc., Fargo: $450,000 to remodel a building and expand child care operations.
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Dakota Valley Growers, Bathgate: $455,000 to construct a compost facility for its feedlot.
Spanning from Bathgate to Fargo, Minot, and Mandan, these projects represent a diverse range of industries including child care, agriculture, and technology. The NDDF continues to bridge regional and sectoral gaps to foster a stronger, more resilient North Dakota economy.
Established in 1991, the NDDF provides flexible financing options for new and expanding businesses and manages the Child Care Loan Program to support providers addressing workforce challenges.
