ED  North Dakota Department of Commerce

http://www.business.nd.gov





     Office Locations:

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

 

Stages:

  • Early


 

Industries:

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

  •  

    Description:

    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
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    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
       
       
     

    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
        web link


      ComDel Innovation
        web link


      Early Years
        web link


      Earth Harvest Mills
        web link


      EID Passport
        web link


      Firehouse Ribs
        web link


      FlexTM
        web link


      Fress
        web link


      Friez
        web link


      Ideal Aerosmith
        web link


      Intelligent Insites
        web link


      Learning Universe
        web link


      NetHertz
        web link


      Otter Tail
        web link


      Packet Digital
        web link


      Pedigree Technologies
        web link


      Streamline
        web link


      Telpro
        web link


      Zachmeier MFG
        web link


     

    Recent News:


      There is no recent news for North Dakota Department of Commerce.