A. Upon submission of a grant application, the project must be ready to begin in 3 months or less and must generally be completed within 12 months, unless an extension is approved. Determining factors will include the amount of funds available and the length of the extension requested.

A. Applications are only accepted for projects that have not started. Grant funds will not be awarded to a completed project.

A. Funds are paid out via a reimbursement process. Grant recipients must provide documentation that outlines the work completed or items purchased, along with proof of payment (e.g. receipts, invoices, canceled checks, etc.). Reimbursement requests are submitted with this form. Once submitted, staff review and process. This can take up to two weeks. In certain instances, projects can request an advancement of funds.

A.There is no maximum amount, though the JDA only has a set amount of funding throughout the year.Additionally, there may be match requirements that may limit the amount of grant funds you are eligible to receive.

A. While the Community Grant program is focused on nonprofit, government, or public organizations, it is still possible for some for-profit agencies to receive a grant (e.g. a for-profit daycare could be eligible because it fulfills a community need).

A.Previously receiving a Community Grant will affect your project’s score, however it does not disqualify you from receiving another grant. To learn more about project scoring and ranking, see page 12 of the Program Guidelines.

Completed application ND Secretary of State Certificate of Good Standing (this will not necessarily pertain to all applicants) A minimum of TWO Letters of Support Detailed Project Budget which would include estimates/quotes/listings for all aspects of the project (should equal the amount of funding being requested) *If using additional funding, Commitment Letters for each source are required (i.e bank loan, state funding, another grant, etc)

A. Once all allocation requirements are met, the financing team will present your project at our next scheduled Mountrail County JDA Loan Review Committee meeting. The committee is made up of experienced lenders and business professionals that are excited to advance economic progress in our region!

A. The first step is to talk to your current financial institute/lender to share your project, and give us a call if you have questions about our programs. The Mountrail County JDA has experience working with local lenders – we suggest approaching more than one lender; every lender is different! Find the lender that is right for you, and your project.

A. The Growth Fund may offer appealing rates for projects that have higher risk. The Mountrail County JDA does not take on the role of a traditional lender. Lender participation is not required in all instances, but it is encouraged for potential applicants to approach their lender to see if their project can be packaged with the Growth Fund.

A. The following documents will be required to complete your application. Additional documents may be requested based on the project. · Employer tax documentation · ND Secretary of State Certificate of Good Standing · Copies of government issued IDs for all applicants · Personal financial statements from principals controlling 20% or more of the business · Personal tax returns from the past three years of principals controlling 20% or more of the business · Credit report of principals controlling 20% or more of the business · Letter from other proposed financing sources stating conditions for participation · Business Plan · Financials Projections *Existing businesses must also provide company tax returns for the past three years and year-end balance sheets and P/L statements for the past three years

A. If your project is approved for financing, the next step is to schedule your loan closing. This can be dependent on the type/use of funding you receive.

A. Mountrail County JDA does not provide technical expertise to work with businesses in this capacity. We strongly encourage all applicants that need this technical assistance to reach out to the North Dakota Small Business Development Center (SBDC) located in Minot, ND. The North Dakota SBDC has the experience and expertise to help start-up entrepreneurs work through the steps that are needed prior to the financing stage. This expertise is provided at no cost to you. Experienced entrepreneurs are also encouraged to utilize the valuable services of the North Dakota SBDC. Visit https://ndsbdc.org/ for more information.

A. The time it takes to complete an application will vary with each project. All projects remain in the application phase until all application requirements are met.

A. Applications are only accepted for projects that have not started. Grant funds will not be awarded to a completed project.

A. Funds are paid out via a reimbursement process. Grant recipients must provide documentation that outlines the work completed or items purchased, along with proof of payment (e.g. receipts, invoices, canceled checks, etc.). Reimbursement requests are submitted with this form. Once submitted, staff review and process. This can take up to two weeks. In certain instances, projects can request an advancement of funds.

A. Projects can request up to $10,000, but all projects must provide a 50/50 match, meaning if you request the full $10,000, you must be able to show a match of $10,000 as well.

A. Previously receiving a Horizon Grant will affect your project’s score, however, it does not disqualify you from receiving another grant. To learn more about project scoring and ranking, see page 9 of the Program Guidelines

A. Upon submission of a grant application, the project must be ready to begin in 3 months or less and must generally be completed within 12 months, unless an extension is approved. Determining factors will include the amount of funds available and the length of the extension requested.

A. Eligible applicants must be located in Mountrail County and include: for-profit businesses, individuals, incorporated cities, park districts, and non-profit organizations.

A. Projects must provide: · ND Secretary of State Certificate of Good Standing · Employer tax documentation · Quotes/invoices showing estimates of the work to be done and/or purchases · Proof of ownership or building owner’s approval (façade improvement projects) · Business plan (expansion projects must include details of planned expansion) · Marketing approach (marketing and signage projects) · Additional documents may be requested depending on the project