Traill County Economic
102 1st St. SW
PO Box 856
Hillsboro, North Dakota 58045
Workforce Training Programs TrainND
These programs provide content customized for each business and industry, and designed to match the needs of employees.
Lake Agassiz Regional Development Corporation
Small Business Administration- Microloan Program
The Small Business Administration first awarded funds to LARDC in 1993 to establish the Microloan Program. The purpose of the fund is to assist start-up, newly established, and all other small businesses obtain short-term, fixed-rate financing. Eligible small businesses located throughout North Dakota may apply for a Microloan. Loan proceeds may be used for working capital, inventory, and equipment needs with a maximum loan amount of $35,000.
USDA Rural Development- Intermediary Relending Program
USDA Rural Development first awarded funds to LARDC in 1993 to establish an Intermediary Relending Program (IRP). Since then, LARDC received additional funding in 1995 and 2001. The purpose of the IRP program is to encourage and support business development and expansion in the rural portions of the Lake Agassiz service area (excluding the City of Fargo). Businesses located in Region V of North Dakota, which includes the counties of Cass, Ransom, Richland, Sargent, Steele, and Traill, are eligible for this program. Loan proceeds can be used for real estate, fixed assets, working capital, and inventory, with a maximum loan amount of $150,000.