North Dakota Development Fund approves $870K for Q4 2022

BISMARCK, N.D. – The North Dakota Department of Commerce announced today that two companies were approved for a total of $870,000 in loan funds through the North Dakota Development Fund (NDDF) during the fourth quarter of 2022.

“Businesses across North Dakota continue to thrive due to the state’s favorable business climate, which not only encourages start-ups and expansions but also provides resources and professional support for all stages of growth,” Commerce Director of Economic Development and Finance Rich Garman said. “The North Dakota Development Fund continues to be a valuable asset for expanding our state’s economy.” Fourth quarter of 2022 recipients:

• Be More Colorful LLC was approved a $725,000 loan for working capital to create additional career experiences. CareerViewXR is Be More Colorful’s flagship product that sets a new standard for career exploration by allowing students, teachers, counselors, job coaches, recruiters, and employers to engage in authentic career conversations while eliminating the time, geographic, financial, safety, and privacy constraints of traditional in-person field trips and job shadows.

• KMC Enterprises LLC, doing business as Uncle Charlie’s Gourmet Snacks was approved a $145,000 loan to help support the expansion of its production capacity. The funds will be used to purchase inventory, equipment, and for working capital. Uncle Charlie’s Gourmet Snacks manufactures and sells homemade inspired gourmet snacks made with premium ingredients.

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 the Child Care Loan Program created by the North Dakota Legislature in 2009.

More information about the NDDF can be found at belegendary.link/ North-Dakota-Development-Fund.