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N.D. (AP) – The North Dakota Development Fund board this month awarded a total of $1.5 million in financial aid to four projects.
The loan program within the state Commerce Department was created in 1991 to help new or expanding primary sector businesses – those such as manufacturers and food processors that create new wealth.
This month, Gates Manufacturing of Lansford received a renewal of its $500,000 line of credit, Buzz360 of Fargo was awarded a $160,000 loan, Earth-Kind of Bismarck received a renewal of its $600,000 line of credit and Buffalo City Wood Products of Jamestown was given a renewal of its $250,000 line of credit.
All of the aid is for working capital.