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Office Locations:
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Economic Development & Finance Division
P.O. Box 2057, 1600 E. Century Ave., Suite 2
Bismarck, ND 58503
Phone: 701-328-5300
Fax: 701-328-5320
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Energy & Clean Tech
Food & Agriculture
Information Technology
Manufacturing & Industrial
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The North Dakota Department of Commerce leads the state's efforts to attract, retain and expand economic wealth. Charged with coordinating and focusing the state's economic development resources, the business development team works closely with national and local partners to accomplish that task. Primary sector businesses can secure up to $300,000 in financial assistance through the North Dakota Development Fund, an innovative economic development program created by the North Dakota Legislature in 1991. The Development Fund is administered through the North Dakota Department of Commerce. The Development Fund provides 'gap' financing not available from other, more traditional sources. Funds are available through direct loans, participation loans, subordinated debt and equity investments. These options provide long-term and short-term capital to new, expanding or relocating primary sector businesses. Development Fund dollars can be used for real estate, equipment and working capital. Since the Development Fund's inception, it has invested nearly $90 million in 491 companies. North Dakota provides a collaborative effort between federal, state and private sector resources. Through a coordinated plan, partnering entities deliver convenient access to over 15 financial assistance programs.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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