ND Development Fund Invests More Than $3 Million
Posted on September 7, 2001

BISMARCK, ND - The North Dakota Development Fund (NDDF) invested $3,089,333 in 19 businesses across the state between Jan. 1 and June 30, 2001.

ED&F;�s Development Fund provides flexible, gap financing to North Dakota businesses in an effort to secure the state's economic growth.

The Economic Development & Finance Division provides strategic direction and quality products and services that stimulate and support local economic growth and diversity for North Dakota communities. For specific news releases about companies funded or more information on ED&F;, visit the web site at www.growingnd.com.

The NDDF invested in the following:

• BeAtHome of Fargo, $140,000
• TSR Parts of Colgate, $50,000
• Financial Business Systems of Fargo, $291,000
• Minot Area Development Corporation, $125,000
• Dakota Aero of Devils Lake, $75,000
• United Spring Wheat of Fargo, $300,000
• FarmNet Services of Harvey, $75,000
• Convexity LLC of Fargo, $150,000
• SpaceAge Synthetics of Fargo, $400,000
• All-In-One Products, $125,000
• CADgraphics of Devils Lake, $60,000
• WebSmart Interactive of Minot, $300,000
• Botanical Silk Accents of Mandan, $100,000
• Agri ImaGIS of Maddock, $33,333
• Intellisol of Fargo, $300,000
• Terry Hoselton of Rolla, $150,000
• Bullinger Enterprises LLLP of Fargo, $375,000
• Ultra Tec Products of Dickinson, $20,000
• Steffes Corporation of Dickinson, $20,000

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Contact: Linda Butts, ED&F; Director, 701-328-5300