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.

Community Partners

Ashley

Carrington

Ellendale

Gackle

Hillsboro

Langdon

Rolla

Napoleon

Valley City

Bottineau

Cavalier

Fessenden

Grand Forks

Hope

Lehr

Rugby

New Rockford

Wahpeton

Bowdon

Clifford

Finley

Hannaford

Jamestown

Mayville

Sharon

Oakes

Washburn

Buxton

Cooperstown

Fredonia

Harvey

Milnor

Sheyenne

Reynolds

Wishek

Partner Banks

RRCF Resources

Growth Capital Program Summary

SSBCI Evaluation of RRCF - 2016

RRCF now serves the 22 counties wherein the 36 founding cities are located

News

SSBCI Included in American Rescue Plan

Congress passed the American Rescue Plan Act of 2021, a $1.9 trillion stimulus package to support COVID-19 recovery and relief. The bill includes $10 billion to reauthorize the State Small Business Credit Initiative (SSBCI).

North Dakota's total SSBCI allocation is $56,234,174 of which $4,142,176 is allocated to very small businesses.