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