Main Local Economy Information in North Dakota
North Dakota's economy is primarily driven by agriculture and energy production, particularly oil extraction from the Bakken formation. The state also has significant investments in manufacturing and technology sectors.
Your North Dakota and Local Small Business Funding Guide
North Dakota offers a range of financial incentives including tax incentives, loan programs, and grants designed to support energy, agriculture, and technology industries.
Small Businesses in North Dakota
Small businesses in North Dakota benefit from the state's rich natural resources and supportive economic policies. The state promotes small business growth with a focus on innovation in energy and agricultural technologies.
Documents Needed to Get a Small Business Loan in North Dakota
- Comprehensive business plan with a clear strategy for growth
- Financial statements including profit and loss, balance sheets, and cash flow forecasts
- Business and personal tax returns
- Proof of business registration in North Dakota
- Credit reports for business owners
North Dakota Department of Commerce: Key Functions and Contact Information
Website URL: North Dakota Department of Commerce
Phone: [701-328-5300]
Address: 1600 East Century Avenue, Suite 2, Bismarck, ND 58503
Local Resources in North Dakota
The North Dakota Small Business Development Center (SBDC) provides expertise in business planning, financial analysis, and marketing strategies.
How to be Successful with Business Funding in North Dakota
To secure business funding in North Dakota, leverage state-supported programs focused on key industries such as energy and agriculture. Building strong relationships with local banks and economic development organizations is also beneficial.
SBA Resources in North Dakota
The SBA in North Dakota offers various financing options, counseling, and training programs tailored to the state’s economic landscape, particularly for energy and agricultural sectors.