Areas Served: Griggs and Steele County
The Revolving Loan Fund program (RLF) is designed to provide an affordable gap-financing alternative to the expansion and retention of existing businesses and the establishment of new businesses in the Griggs-Steele Empowerment Zone (GSEZ) in North Dakota.
In deciding among applications, consideration is given to how well the project addresses the GSEZ’s goals and provides opportunities within the GSEZ.
In deciding among applications for loan funds, primary consideration will be given to the following factors: -How well the proposed project addresses the stated goals, objectives and requirements of the GSEZ strategic plan.
– The extent to which the proposed project will provide opportunities to residents of the Griggs-Steele Empowerment Zone.
– The extent to which the project leverages Empowerment Zone funds with other funding sources.
– Expansion and retention of existing viable businesses, the establishment of new businesses, value added agricultural production, and adequate housing are of equal importance in impacting the rural economy.
Contact InformationGriggs-Steele Empowerment Zone
Address: 602 Lincoln Avenue South
City: Finley
State: North Dakota
Website:
http://www.griggs-steeleez.org/#!revolving-loan-fund
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