Areas Served: Traill County
As a means to promote and encourage business development, retention and expansion, Traill County Economic Development Commission (TCEDC) works with existing and new businesses with the goal to help develop and retain jobs in Traill County, North Dakota.
Assistance may take many forms including gap financing, general business support and alternative resource assistance with the objective to leverage resources available to Traill County to capture additional capital for job development and business projects.
Eligibility New or expanding businesses and entrepreneurs located in, or those looking to relocate or expand to, Traill County with the goal of job development.
Types of business projects eligible for consideration may include, but are not limited to: Acquisition of land, buildings, equipment, etc.
Payment of professional fees (architect, engineer, attorney, etc.
) Feasibility studies and/or marketing studies Business plans Interest buy-down Inventory Patent processing Projects that may be considered ineligible may include, but are not limited to: Projects with inadequate personal/local commitments and investments Refinance situations Debt consolidation Forms of Assistance Gap Financing Most economic development projects require a package of financing which may include a combination of personal investment, local financing, and state and federal finance resources.
Traill County Economic Development Commission funds may be used to bridge the gap between various secured resources to reach the resource level required to accomplish project funding.
Loans are low to no intereSt.
Contact InformationTraill County Economic Development Commission
Address: 102 1st St SW
City: Hillsboro
State: North Dakota
Website:
http://traillcountyedc.com/business-resources/programs/local/
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