Greater Bottineau Area
Chamber of Commerce
&
Convention and Visitors Bureau

Bottineau Economic
Development Corporation

Hwy 5 E
8:30-5:00 Mon-Fri
(701) 228-3849
Fax: (701) 228-5130
ChamberEDC@Bottineau.com

 

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