Purpose of the RRCF
The Red River Corridor Fund (RRCF) creates jobs by helping small businesses across North Dakota access capital.
The RRCF was initially funded by the U.S. Department of Treasury as part of the State Small Business Credit Initiative (SSBCI) program as part of the Small Business Jobs Act of 2010. The RRCF consists of a coalition of 36 North Dakota municipalities who joined together to bring this capital resource to their communities.
Congress has passed the American Rescue Plan Act of 2021, a $1.9 trillion stimulus package to support COVID-19 recovery and relief. This bill includes $10 billion to reauthorize the State Small Business Credit Initiative (SSBCI).
Coming Soon - Dakota Horizons Fund
Spring 2021 will see the launch of a new fund aimed at providing capital to small businesses in North Dakota. The Dakota Horizons Fund brings together capital from the RRCF and USDA's Intermediary Relending Program to provide financing for small businesses located in rural communities of our 22 county service area of North Dakota.