Unlocking Capital for North Dakota Small Businesses
The Red River Corridor Fund (RRCF) is a consortium of 36 North Dakota communities with the goal of supporting small businesses by increasing access to capital and enhancing credit programs across North Dakota. The RRCF was established using funds awarded by the U.S. Department of Treasury through the State Small Business Credit Initiative (SSBCI) as authorized by the Small Business Jobs Act of 2010.
Praxis Strategy Group and Development Capital Networks, manage and administer RRCF's capital resources on behalf of the consortium to foster small business growth and enhance job creation throughout the state of North Dakota.
The RRCF currently administers SSBCI funds investing in emerging entrepreneurs and growing companies with exciting ideas and high potential. This fills an important need for seed and early stage funding for North Dakota entrepreneurs.