Traill County Economic
102 1st St. SW
PO Box 856
Hillsboro, North Dakota 58045
Bank of North Dakota
The Bank of North Dakota (BND) is the only state-owned and operated bank in the nation. It offers economic and industrial development financing instruments that are not found elsewhere. Although the bank does not make direct loans to businesses, the loan programs can be accessed through participation with a leading financial institution. http://www.banknd.nd.gov/lending_services/business_financing_programs/index.html
Business Development Program (BND)
The Business Development Loan Program through BND (Bank of North Dakota) is designed to assist new and existing businesses in obtaining loans that would have a higher degree of risk than would normally be acceptable to a lending institution.
The MATCH Program (BND)
The MATCH Program is designed to encourage and attract financially strong companies to North Dakota. The program is targeted to manufacturing, processing, and value-added industries. Through this program, BND will participate in loans to financially strong companies and provide interest rates at some of the lowest in the nation.
North Dakota Development Fund
A North Dakota Economic Development and Finance Fund designed to provide flexible “gap” financing through loan and equity investments to new or expanding primary-sector businesses in North Dakota.
Renaissance Zone- Mayville Only
The Renaissance Zone is a development program to help rebuild Mayville’s downtown area in an effort to maintain historic attractiveness.
Income Tax Exemptions & Credits:
Property Tax Exemptions:
Workforce Training Programs
Job Service North Dakota
Job Service North Dakota administers a number of federally funded workforce training programs and two North Dakota state-funded training programs. The types of training that can be provided through these funding sources are company-specific customized training, classroom training, on-the-job training, occupational upgrading, Workforce 20/20 employee training, North Dakota New Jobs Training, and Work Opportunity Tax Credits. In addition, Traill County is home to Mayville State University, which offers training programs and certifications for numerous industries. Traill County Economic Development Commission can provide scholarships and/or grants to expanding companies to be utilized for employee training.