With more than $2,254.00 million dollars in grants and additional local government funding sources of $1,806.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in North Dakota. There are 17,845 business establishments in the state of North Dakota, and they break down to the following:
North Dakota Business Sector Breakdown by Size:
North Dakota Business Sector Breakdown in Service Industries:
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 32,000 farms in the state of North Dakota.
Starting and managing a small business in North Dakota is not an easy task. Over $10,045,929,000.00 US dollars are paid to employee salaries/payroll alone in the state of North Dakota and more than 1,627 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in North Dakota, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in North Dakota, contact North Dakota financial aid agencies.
|Recipient||Project, Industry, Purpose||Amount|
|Fish Basket Lodge
|Project: Capital--tourist fishing/hunting lodge
Industry: Accommodation and Food Services
Purpose: Business Development and Trade Shows
|Geoffrey M Laplante
|Project: Marketing--video distribution
Industry: Professional, Scientific and Technical Services
|Project: Acquire a fishing boat and a fishing licence
Industry: Agriculture, Forestry, Fishing and Hunting
|Custom Systems Electronics Limited
|Project: Commercialize company to produce electronic products
Industry: Manufacturing, Mining and Energy
|Biomedical Implant Technology Inc
|Project: Establish a dental implant technology centre
Industry: Information Not Available
Purpose: New Business Startup