The NRABC aids in the generation of new and additional tax revenues for New Rockford and Eddy County, North Dakota, by promoting the growth and expansion of commercial and industrial business, with an emphasis on very small and minority-owned businesses that may be unable to obtain aid from conventional sources.
We also work to improve the overall health of the county and to foster community betterment through capacity building, grant writing and training.
In the early 1990’s, the NRABC attracted a $1.8 million bison processing facility, the first in the United States to be dedicated entirely to bison. Since then, the NRABC has operated a revolving loan fund and has assisted with many business start-ups, particularly micro-businesses whose primary owners did not have access to traditional financing.
The NRABC also contracts with other agencies, including the Small Business Development Center and the Small Business Administration, to offer business planning, finance and marketing assistance to local businesses. A well-educated workforce in crucial for the region’s development so we also actively support adult education initiatives and facilities that provide high school equivalency (GED) instruction.
In 2006 the NRABC hired an Executive Director to focus on community development activities as well, as the NRACBC believes that a community must be attractive to individuals and families in order to attract businesses.
Therefore, the NRACBC has assisted with various community development projects recently, including the relocation and expansion of the city library, the addition of a job/skills training center, renovation of the city park, and the creation of a housing incentive program.
New additions in 2011 include four new units of rental housing, a 24/7 fitness center, and a ramped up focus on providing grantwriting assistance to several projects planned by other community organizations.
The NRABC is a member of the Economic Development Association of North Dakota, an industry association for economic development professionals.
We actively collaborate with other development corporations through this organization for the benefit of the region and the state.