New Funding Rules Support Rural Communities

By Scout Nelson

On May 1, 2026, The North Dakota Department of Commerce announced expanded eligibility rules for the North Dakota Development Fund to support more rural businesses and community organizations across the state. The changes are designed to improve financing access for projects that previously did not qualify for assistance.

The updated guidelines now allow non-primary sector businesses to apply for funding opportunities. Eligible applicants include for-profit businesses, certain nonprofit organizations such as chambers of commerce and economic development groups, and political subdivisions located in rural areas. To qualify, applicants must operate in communities with fewer than 10,000 residents or more than five miles outside city limits.

Applicants must also work with a lead lender and meet normal equity and project feasibility requirements. State officials believe the updated rules will help strengthen local economies and encourage business growth in smaller communities.

“This expansion reflects our commitment to strengthening economic growth in communities across North Dakota,” said NDDF CEO Brian Opp. “By widening access to this fund, we are supporting more projects that help rural communities grow and remain competitive.”

The North Dakota Development Fund offers financing support for several business and community needs. Funds may be used for working capital, equipment purchases, non-passive real estate acquisition, and interim construction expenses. Loan amounts range from $25,000 to $1 million and may cover up to 40% of total project costs.

State leaders believe the expanded program will provide more opportunities for businesses and organizations that play important roles in supporting jobs, services, and economic activity in rural communities. The change may also encourage additional investment in local development projects across North Dakota.

For more information about the Development Fund, visit belegendary.link/North-Dakota-Development-Fund.

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