Entrepreneurial activity is growing rapidly in North Dakota thanks to programs such as Innovate ND and the Center of Innovation through the University of North Dakota. There were 5,049 start-up businesses in North Dakota in 2009 and that number has been increasing.
Entrepreneurship is a means of life and a strategic way of thinking. It is no longer a period of time when you are starting your own business.
Across North Dakota you can find an assortment of resources for helping entrepreneurs bring sketches on napkins to a full business plan and the North Dakota Department of Commerce offers financial packages and grants to help bring new ideas to life. A few programs offered by the Department of Commerce include:
The CDBG program assists economic development projects by providing financial assistance to cities and counties. These funds are either in the form of a low interest loan or a grant for infrastructure, which provides assistance to businesses that will create jobs for low and moderate-income persons. To access the program you must contact the Regional Council in your area.
APUC funding develops new and expanded uses of North Dakota’s agricultural products by administering four grant programs: basic and applied research, marketing and utilization, farm diversification and agricultural prototype development.
These funds are allocated equally among the eight regions of the state. Eligible business projects must be located more than five miles outside the limits of a city with a population of 8,000 or more.
Additional Programs and organizations ready to assist new and small businesses include the University of North Dakota Center for Innovation ; ND Centers of Excellence, University’s of North Dakota’s Entrepreneurship Degree, the North Dakota Small Business Development Centers, and more. There are also a variety of programs for youth entrepreneurship in North Dakota.
If you’re interested in studying Entrepreneurship: UND offers a bachelor’s degree; UND and Dickinson State University offer undergrad certificates; Dakota College at Bottineau, Turtle Mountain Community College, United Tribes Technical College, and Williston State College offer associates degrees; and Turtle Mountain Community College and Williston State College offer certificate/diplomas.
For additional information visit:
Q: Who can provide assistance for writing a business plan?
A – You can get one-on-one assistance through one of the many North Dakota Small Business Development Centers located throughout North Dakota. To find the closest center to you, call visit the NDSBDC website. The Centers of Excellence also help develop Business Plans. If you prefer to go online to get help, visit the Small Business Administration Business Plan Basics website.
Additional Business Plan Resources: