The Rural Development Finance Corporation (RDFC) is a North Dakota nonprofit finance and development corporation whose member-owners are all the North Dakota Rural Electric Cooperatives, nine of the North Dakota Rural Telecommunication Cooperatives and the North Dakota Association of Rural Electric Cooperatives.
The RDFC is pleased to announce it has approved a 2024 grant allotment of $3,000 per member-cooperative to be used to support community owned entities, non-profits and community-based projects.
Eligible projects: community owned businesses (café, grocery store, motel, other); community facilities (such as ambulance services, fire districts, recreation, hospital/clinic, community center, etc.); workforce development (training to meet the needs of current or future businesses) or community-based projects (such as school/youth projects, other) that benefit rural areas and lead to community betterment.
Please note that the RDFC does not provide funds for medical fundraisers or general operating costs.
Matching funds: $4 dollars of other funds to every $1 of RDFC funds. The member cooperative is responsible for verifying the matching funds. The matching funds DO NOT need to come from the utility cooperative.
Maximum/minimum grant amounts: The minimum grant amount is $500; the maximum is $3,000. The limit is $3,000 per member cooperative for 2024.