Department of Commerce: Business Incentive Accountability

Home | Services and Assistance | Business Incentive Accountability

Business Incentive Accountability

In 2005, the North Dakota legislature established the Business Incentive Accountability Law. This law governs the business incentive granting process within the state.

To learn more about the Business Incentive Accountability Law, please review NDCC Chapter 54-60.1.

Before a business can receive an incentive in North Dakota it must enter into a business incentive agreement with the granting agency. This business incentive agreement covers the terms of the incentive including:

A description of the business incentive
A statement of public purpose of the business incentive
Goals for the business incentive
Description of the financial obligation if goals are not met
Commitment of the recipient to stay for 5 years
A list of all financial assistance for the project

All North Dakota state agencies and political subdivisions that grant business incentives must abide by this law. State grantors are required to file annual reports with the North Dakota Department of Commerce containing information about all business incentives granted within the past year and progress made toward job creation goals of previously granted business incentives. Political subdivisions are required to create annual reports to be available upon request.

The North Dakota Department of Commerce provides to the legislature an annual compilation and summary of all state granted business incentives. Copies of the latest reports are included below.

For assistance, please contact Carla Valentine, Accountability Manager, 701-328-3698

Business Incentive Agreement
File Size: 409 kb

Recipient Report
File Size: 114 kb

2020 Business Incentive Accountability Report
File Size: 1602 kb

2019 Business Incentive Accountability Report
File Size: 1607 kb

Business Incentive Accountability Law FAQ
File Size: 74 kb