ED  North Dakota Department of Commerce


     Office Locations:

Economic Development & Finance Division
P.O. Box 2057
Bismarck, ND 58502-2057
Phone: 701-328-5300
Fax: 701-328-5320



  • Early



  • Energy & Clean Tech
  • Food & Agriculture
  • Information Technology
  • Manufacturing & Industrial



    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.

    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Brian Opp Project Manager
    John Mittleider Manager
    John Schneider Director
    Jolynee Tschetter Manager
    Kevin Sonsalla Research Specialist


    Portfolio companies include:

      Allegiance Software
        web link

      Branick Tools
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      ComDel Innovation
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      Early Years
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      Earth Harvest Mills
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      EID Passport
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      Firehouse Ribs
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      Ideal Aerosmith
        web link

      Intelligent Insites
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      Learning Universe
        web link

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      Otter Tail
        web link

      Packet Digital
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      Pedigree Technologies
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      Zachmeier MFG
        web link


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