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Development Fund Awards Funding Requests Totaling $265,000
Post Date: Jan 22 2019

Bismarck, N.D. -- The North Dakota Development Fund, a funding program within the North Dakota Department of Commerce, awarded funding for three projects totaling $265,000 at its board meeting held in January.
 
The North Dakota Development Fund was created in 1991 as an economic development tool. It provides flexible funding through debt and equity investments for new or expanding North Dakota primary sector businesses. The fund also manages a daycare loan program that the North Dakota Legislation created in 2009.
 
The following requests were funded:
 
All 4 Learning Childcare Center (Grand Forks) was awarded a $15,000 loan to assist in the purchase of additional equipment and working capital. The business provides daycare services in the Grand Forks area.
 
Plastics Plus Inc. (Bismarck) was awarded a $50,000 revolving line of credit to assist with working capital needs. The company specializes in standard and custom plastic fabrication, along with offering a large variety of acrylic sign holders.
 
CuraNEXUS, LLC dba PHR Plus (Fargo) was awarded a $200,000 bridge loan to assist with working capital needs. PHR Plus is a digital health company that helps individuals manage their health and medical information. Customers include employers, insurers and health systems.  
 
The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.
 
For more information go to www.NDCommerce.com.
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