How can we help YOU?

The Bottineau EDC has access to the following programs:

Incentives
Property Tax Exemption: The Bottineau City Council can
approve a five year property tax exemption for new and
expanding business.

Financial Assistance
The following programs are available to assist in new business
start-ups, expansions or relocations:

• State of North Dakota tax incentives for business
• Small business Administration Loan Program
• Community Development Revolving Loan fund loans
• North Dakota Economic Development and Finance programs
• Bank of North Dakota programs (including the PACE program)
• Minot Magic Fund programs
• Souris Basin Planning Council mini grants
• Souris Basin Planning Council Revolving Loan Fund loans
• SBPC Intermediary Relending Program
• Rural Development Loan & Grant Program (USDA)
• Local banks (3) with total deposits of $130,000,000
• Gateway Fund (funds available from 1% sales tax)
• Local Revolving Loan Pool
• Bottineau 500 local development funds

Training Resources

• MSU - Bottineau is available to assist you in any of your
  custom training needs.
• Work Force 2000 - customized worker retraining and upgrade
  training
• North Dakota New Job Training Program - for new or
  expanding ND businesses
• The JTPA (Job Training Partnership Act) has available an
  on-the-job training and course training program that is
  available to businesses.

Bottineau 500 Fund

• Marketing and feasibility studies
• Hire professional staff
  • Marketing consultant
  • Architect and engineering fees
  • Staff hired for retention and expansion efforts
• Subsidize rent or utilities for business (incubator projects)
• Feasibility studies
• Business plans
• Patenting process, with a request to the firm to make a
  donation to the Bottineau Economic Development
  Corporation 3 to 5 years after the firm has been in existence
• Sponsor seminars, workshops, and meetings
• "Hard" costs associated with Loan Pool (e.g. attorney's fees,
  filing fees, processing fees, appraisal costs, fees, etc.)
• Buy, lease, and sell buildings, real estate, and equipment
• Tourism planning - brochures, videos, etc.
• Interest buydowns
• Loans (low interest)
• Matching funds for grants
• Last resort for use of Bottineau-500 funds:
  • Costs associated with sewer and water facilities
  • Electrical service and utility hookups
  • Service fees on loans associated with Loan Pool
• Projects will be evaluated on an individual basis