Rural Development Finance Corporation
The Rural Development Finance Corporation is a North Dakota nonprofit finance and development corporation. RDFC’s member-owners are all the North Dakota Rural Electric Cooperatives, nine of the North Dakota Rural Telecommunication Cooperatives and the North Dakota Association of Rural Electric Cooperatives. RDFC encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.
Find more information about RDFC at http//:www.ndarec.com/content/rdfc-rural-development-finance-corporation.
For an application, assistance, or questions concerning RDFC, please call Lori Capouch at 701-667-6444 or email her at firstname.lastname@example.org.
In 2016, community based projects within Slope Electric’s service area were eligible to apply for grants. The grants could be up to $2,000. These funds were awarded by RDFC in order to draw awareness to their much larger loan program. This loan program funds community based projects and non-profit entities with low interest loans.
The RDFC is pleased to announce it has approved a 2018 grant allotment of $2,000 per member-cooperative to be used to support community owned entities, non-profits and community-based projects.
Eligible projects: community owned businesses (café, grocery store, motel, other); community facilities (such as ambulance services, fire districts, recreation, hospital/clinic, community center, ect.); or community-based projects (such as school/youth projects, other) that benefit rural areas.
Maximum/minimum grant amounts: The minimum grant amount is $500; the maximum is $2,000. The limit is $2,000 per member cooperative for 2018.
Deadline: December 31, 2018