Applications for 2024 are now being accepted.
Application deadline: July 1, 2024
The Rural Development Finance Corporation is a North Dakota nonprofit finance and development corporation. RDFC’s member-owners are all the North Dakota Rural Electric Cooperatives, nine of the North Dakota Rural Telecommunication Cooperatives and the North Dakota Association of Rural Electric Cooperatives. RDFC encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.
Grants are available to area organizations
As a Rural Development Finance Corporation (RDFC) member, Nodak Electric Cooperative has access to $3,000 in grant money available to eligible organizations within our service territory. RDFC makes these funds accessible yearly to encourage organizations to apply to their more extensive loan program that funds community-based projects and nonprofit entities with low-interest loans. Nodak accepts applications for the RDFC grant through July 1, 2024.
Guidelines
Eligible projects are community-owned businesses, community facilities, or community-based projects that will benefit the rural areas. A few examples are listed below.
- Community-owned businesses: cafe, grocery store, motel, etc.
- Community Facilities: ambulance services, fire and rescue, community center, etc.
- Workforce development: (defined as – training to meet the needs of current and future business and industry to maintain a sustainable competitive economic environment; training, development opportunities, continuing education programs, etc.).
- Community-based projects (such as school/youth projects) that benefit rural areas and lead to community betterment.
Question, please contact:
Nodak Electric Cooperative
Attn: Gretchen Schmaltz
4000 32nd Ave So.
Grand Forks, ND 58201
701-746-4461
gschmaltz@nodakelectric.com
Rural Development Finance Corporation encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.
– Mission Statement