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Development Fund Approved Projects
  • Skid-Lift, Inc. (Fargo) was awarded a $40,000 loan to assist with working capital needs. The company manufactures a scissor lift compatible with a skid-steer to utilize the functionality of the skid-steer to move and power the lift.
  • CuraNEXUS, LLC dba PHR Plus (Fargo) was awarded a $100,000 bridge loan to assist with working capital needs. PHR Plus is a digital health company that helps individuals manage their health and medical information.
  • RJ Energy Solutions, LLC (Fargo) was awarded a $150,000 loan to assist in funding equipment purchases and working capital to help cover the costs of the company’s expansion. The company provides predictive on-line monitoring for restaurants and other related businesses.
  • Auto Pilot Medical Technologies, Inc. - WalkWise (Fargo) was awarded a $100,000 equity investment to help fund product development, sales efforts and capital costs for the production of WalkWise units. The company manufactures a health tracking system for those using a walker to assist with everyday motion.
  • ZulyFly, Inc. (Fargo) was awarded a $100,000 equity investment to help fund working capital needs of the company based upon its planned expansion. ZulyFly is a developer of real-time locating system and RFID software solutions.
Development Fund Program
Development Fund at a Glance:
- Any primary sector business
- Up to $1,000,000 in funding and based on job requirement
- Lower than market rates available
Featured Story

Children of Hope Childcare LLC - Fargo


Faith Dixon started Children of Hope Childcare in 2012 in the basement of Latter Rain Ministries in Fargo. The baby business was booming and Dixon quickly realized space was going to be an issue.

Within a year of opening, Children of Hope outgrew its initial site and had to relocate to a new space that wasn’t spacious enough either. “We [were] so blessed that within the first three years, we [grew so much] that we had to add two new sites,” Dixon explains. “We just keep adding children to our program.”

Relocating to two locations provided the space Dixon needed, but it also created geographical and operational divisions within her business. “We always wanted to be under the same roof, but the previous buildings were just not big enough for us,” Dixon says.

Fortunately, Children of Hope identified a facility that was large enough to house both toddlers and infants. A former grocery store, the complex had more than enough room at 37,000 square feet. Unfortunately, it needed a lot of tender loving care with some areas requiring a complete remodel. “I found out about the North Dakota Development Fund while researching funding and grant options to help renovate commercial buildings,” Dixon explains. “The Development Fund has assisted Children of Hope by providing funding to renovate our new 37,000-square-foot facility and has allowed us to add 10 additional bathrooms, a new kitchen, carpet and much more.”

According to Dixon, the new Children of Hope Childcare center is considered the biggest daycare facility in North Dakota. “Children of Hope is so grateful for all the support we have received from the North Dakota Development Fund, [not to mention] our volunteers, staff, friends and Children of Hope families,” Dixon says. “We are so happy to announce that we are the biggest daycare facility in North Dakota that offers dance, karate and music along with exceptional childcare.

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Meet our new board member: Josh Tiegan

Josh Teigen is a Fargo native and attended Oak Grove High School. He worked as a diesel mechanic and for Governor Doug Burgum at both Kilbourne Group and Arthur Ventures. 
 
After high school, Teigen went on to complete a degree in entrepreneurship from the University of North Dakota. While in college, he served as CEO of CrunchUGlobal based out of Pittsburgh and president and CEO of Crossfox Innovation, a business development firm that he founded and ran until late 2015. 
 
In early 2016, Teigen co-founded Protosthetics, a prosthetic and orthotic manufacturing company based in downtown Fargo. Josh served as president and CFO and grew Protosthetics to a leading medical manufacturer and distributor of orthotics and prosthetics. 
 
In 2017, Teigen was named Entrepreneur of the Year by the Greater Fargo Moorhead West Fargo Chamber of Commerce. He has been published in the Huffington Post, Inc. Magazine and Startup Collective. 
 
In early 2019, Teigen was unanimously named president of Mind Shift, a company he helped start, and served on the board of directors for eight years. He also served as the chairman of the Business Development Committee. Mind Shift is a staffing company which recruits, trains and hires high-functioning individuals on the autism spectrum in roles such as data analytics, quality assurance, software testing and more. Mind Shift currently has offices in Fargo, Moorhead, Minn., Minneapolis and Milwaukee.

In his free time, Josh loves to hunt, fish, downhill ski and spend time at the lake. 
The North Dakota Development Fund was created in 1991 as an economic development tool. It provides flexible gap financing through debt and equity investments for new or expanding North Dakota primary sector businesses. Primary sector businesses create new wealth and are typically manufacturers, food processors and exported service companies.
Contact:
Scot Long
1-701-328-7256
Mailing address is:
1600 E. Century Avenue
Bismarck, ND 58503

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