Lake Agassiz Development Group

Lake Agassiz Development Group serves businesses, individuals and local jurisdictions in the southeast region of North Dakota and statewide through a variety of state and federal programs.

Lake Agassiz Development Group (LADG) consists of two non-profit entities located in Fargo, ND that serves businesses, individuals and local jurisdictions in the southeast region of North Dakota and statewide. LADG provides direct lending programs as well as helps clients identify and secure financing sources for projects including state and federal sources. LADG also assists Townships and communities with planning and zoning needs and provides other project specific services as needed.

Let Lake Agassiz assist you and make it happen! Whether you have a client looking to start a new business, grow an existing one, or even looking to refinance, Lake Agassiz Development Group has various options. Our experienced loan team will assist you in a custom loan package with rates and terms that will fit your client’s needs.

We checked out the new Hooligan's Bar and Grill for lunch today! Staff recommendations: Pizza & Burgers

Join Us in Oakes — Leadership and Civic Engagement Energizing Entrepreneurs, a statewide conference for entrepreneurs in rural communities, is designed to inspire and provide resources for anyone who wants to start or support a small business in their rural community. High School students are encouraged to attend at no cost (meals not provided).

Unsung Heroes

LADG is fortunate to have Bob Wurl serve as a board member. Thank you for all you do for Hankinson, our region and beyond! Editor’s Note: ‘Unsung Heroes’ within our communities are people who make an impact on our cities while steering away from the spotlight.

Spring time = Construction season! If you're joining in on the fun and want fixed rate financing at the below low rates, let us know! The 504 program offers a 25 year term with down payments as low as 10%!

The Bismarck Tribune

House Bill 1066, now made law, adds new "buckets" to the state funds filled from oil tax revenue, to be distributed throughout North Dakota for city, county, township and airport infrastructure projects.

Beautiful day to be in Washington DC advocating for the programs we count on to better serve North Dakota!

[03/13/19]   Pre-applications are now being accepted for the 2019 Community Development Block Grant program. Grant funds may be used towards public infrastructure, housing rehabilitation, and renovations to meet ADA accessibility requirements to name a few of the eligible activities. To find out if your town's project idea is eligible, please contact Mitch Calkins at Lake Agassiz Development Group. Pre-applications are due May 20, 2019.

Wow! Check out the SBA 504 loan rates for March! These are fixed rates with down payments as low as 10%!!

It's the last month of the 5 - 5 - 5 offer! Give us a call or send over an email. We'd love to help you out!

[02/19/19]   For those who live in Richland County, the Federal Emergency Management Agency (FEMA) will be holding an open house tomorrow to present the results of a recently completed study and its accompanying preliminary floodplain maps. Representatives from various local, state, and federal agencies will be present to answer questions about flood risk, flood insurance, development regulations, and floodplain mapping process. Property owners, realtors, lenders, and insurance agents are encouraged to attend in order to learn more about flood risk and management in their communities.

The public open house will be held at the Breckenridge Senior Citizens Center (225 5th St, Breckenridge, MN 56520) from 4:00 to 6:00 pm.

The SBA 504 February rates are AWESOME!

We are also running a 5-5-5 special for Microloans.
$5,000 – 5 years at 5.00%!
Great for those who need assistance for little improvements or working capital needs.

Look at this special offer we are running for the next two months! Contact us today!

The Arts Partnership

Highly recommend this program! Our Regional Small Business Center is on installation #3 and have received great feedback!

Yup. #supportlocalart. It’s really good for business. #ArtWORKS from TAP can help you get this going.

Check out these great rates on the 504 program for January!

Burgum announces $2.3M in community development funds to support Main Street projects, public facilities and services | North Dakota Office of the Governor

LADG assisted the City of Lisbon and Steele County with obtaining grant funds for the rehabilitation of a historic building on Main Street and the renovation of restrooms in the courthouse for accessibility purposes, respectively. If your town has a project in need of funding, Community Development Block Grant money may be available. Feel free to contact us to find out how to apply. Below is a link listing successful applications from throughout the state. Burgum announces $2.3M in community development funds to support Main Street projects, public facilities and services

GREAT RATES!! Contact us today to discuss if a SBA 504 Loan is the right fit!

[11/26/18]   If you live in Lidgerwood, you are invited to a community-wide meeting to be held at the Knights of Columbus Hall the evening of Tuesday, November 27th starting at 6:30. The City Council, Community Development Corporation, and Commercial Club are in the process of updating the town's strategic plan and are looking for input. Come join the discussion and share your ideas!

Hankinson howling up there with big dogs

As highlighted in this article, Hankinson is an active and progressive town when it comes to economic development. Dedicated leaders and engaged residents are the critically important ingredient in the creation of a vibrant community. Ryan Wallock came home to Hankinson five years ago.

SBA 504 November Interest Rates

LADG is proud to assist with the financing for 701 Brew! Keep an eye on 701 University Drive in Fargo to see it all come together!

Business Builders Workshops - Holiday Marketing

Interested in constructing the right plan for your holiday marketing? Register for this month's FREE workshop for helpful insights! Brought to you by North Dakota Small Business Development Centers, North Dakota Women's Business Center West Central Minnesota Small Business Development Center - SBDC and SCORE Mentors. Does Your Digital Marketing Dazzle? The Why, What & How of Holiday MarketingPresenter: Heather Aal, Program Director, ND Women's Business Center-East The holiday shopping season is one of the most important and can be the most expensive campaigns for small businesses. Join us for an hour dedicated t...

Congratulations The Pines Venue! You guys were wonderful to work with and we're so happy for you! Looks amazing!!!

Last Saturday we officially opened The Pines for the first wedding/reception in our fully completed venue! On Friday decorating and preparations happened... here’s how it looked!

It was great to be part of the Mainstreet ND meetings in Forman, ND, Milnor, North Dakota - Everything Your Rural Heart Could Desire, City of Hankinson and Wahpeton, North Dakota the last couple days! Exciting ideas all around on ways to move positively forward!

Another great Mainstreet meeting today in Fargo with Governor Burgum, Commerce Staff and lots of actively engaged organizations, youth, public and private sectors present! My biggest take away was lots of collaborators ready to "get things done". Let's keep up the momentum!

[09/20/18]   The Cass County Emergency Management department, with the assistance of Lake Agassiz Development Group, has begun the process of updating the county’s Multi-Jurisdictional Multi-Hazard Mitigation Plan.

This plan is a community-driven, living document that assesses the natural hazards and risks that affect each city in the county and then lays out the goals and priorities that will mitigate the adverse effects of disasters. The mitigation strategy defined therein will contain action steps that are cost-effective, technically feasible, environmentally sound, and targets limited resources towards impactful investments. In order for the county and it cities to receive Federal Emergency Management Agency (FEMA) grant funds for mitigation-related projects, an up-to-date multi-hazard mitigation plan must be prepared and adopted.

Input from residents and stakeholders is critical for the success of this effort. Therefore, two informational sessions will be held to describe the purpose of the plan and to gather input on past performance of mitigation activities and the strategy moving forward. The first session will be held at the Casselton Auditorium, 702 1st St N, Casselton, ND on Wednesday, October 3 starting at 7:00 p.m. The second session will be held at Northport Library community room on Thursday, October 4 starting at 6:00 p.m. If attendees need special accommodations, please call Mitch Calkins at 701-235-1197.

BND Infrastructure Loan Fund - Applications accepted September 4-21, 2018 - Bank of North Dakota

A new round of infrastructure funding has opened up with BND. Check it out! Access your personal Bank of North Dakota (BND) online account anytime, anywhere. If you are a New User, choose your account and follow the steps to open your online account.

What to do in Fargo, N.D., according to The Washington Post

What could happen to the buzz about our wonderful North Dakota communities if we all learned to first experience and second share our observations like a visitor? Great love for Fargo from the Washington Post! Forget "Fargo." Don't get me wrong - I loved the Coen brothers' dark crime comedy. But 22 years later, if you're still thinking only about the movie when you hear that word, it's time to rewire your brain. I'm here to tell you that this North Dakota city is not a godforsaken frozen wastela...

[08/14/18]   August SBA 504 Rates are in! What could a 25 year fixed rate do for you on your next project? Give us a call to discuss options!

20 Year Effective Rate: 5.301%
25 Year Effective Rate: 5.351%

[07/11/18]   In a rising rate environment, few products can match the appeal of the twenty year and twenty FIVE year fixed rate of the SBA 504 program! At Lake Agassiz, we handle the paperwork and keep the approval process moving, all with ethical service and attention to detail. Give us a call to discuss the program and any potential projects.

July Effective Rates
5.302% - 10 Year Effective Rate
5.259% - 20 Year Effective Rate
5.320% - 25 Year Effective Rate

Dakota Vines Vineyard and Winery

So honored to have been a part of this FANTASTIC project! Bob & Deb, we couldn't be happier for you! If you haven't checked it out yet, make sure you get there and try the Lake Agassiz wine while you're at it :).

We are thrilled to be featured in the July issue of Midwest Nest Magazine LLC. Special thanks to Tracy Kutzer Nicholson for the story and Morgan Schleif of M.Schleif Photography for the beautiful photographs. Pick up a free copy of this beautiful magazine at Hornbachers or many other shopping establishments.
#dakotavineswine #drinklocal #drinknorthdakota #winesatthevines #midwestnest

AARP's Community Challenge is a "quick-action" grant opportunity for projects that address transportation and mobility options, vibrant public spaces, or other community improvements. If your community has a project in mind, visit Deadline to apply is May 16th. Apply by May 16! "Quick-action" grants to make communities livable for people of all ages.

Last night, residents of Hankinson gathered to share and discuss ideas on the future of their city. Hankinson is currently undertaking an update of their strategic plan with assistance from LADG.

You picked a great week to come back Detroit Deli Food Truck! We can't wait! Did you know it's Small Business Week? Take the opportunity to support this and other small business across the area!

Well...we worked out all the kinks, the weather is ...ok. Detroit Deli is ready! We will open at 4th and main Tommorrw at 11:00!!!!! Thanks for your patience, we are so excited for this season! We still have openings for June and July. We can't wait to see everyone again!

Join us Monday for a conversation on an even better Hankinson!

Hankinson Community Visioning Workshop - all are welcome to attend!

[04/05/18]   Congratulations to Amber Metz on her election to the board of directors for the National Association of Development Organizations! NADO provides advocacy, education, research, and training on behalf of the nation's regional development organizations, of which LADG is one. Amber will be serving a two-year term beginning May 1st.

Lake Agassiz Regional Council is now accepting pre-applications for the Community Development Block Grant program. Grant funds may be used for public infrastructure, housing rehabilitation, economic development, and ADA-compliance renovations to name a few. To determine if your project may qualify, please reach out to Mitch at 701-235-1197.

America’s SBDC | #SBDCDay - America’s SBDC

We are so lucky to have the great advisers we have across the state! Thank you for all you do!

Now Hiring for Loan Specialist

If you've been looking for a flexible, team atmosphere to assist entrepreneurs in financing their dreams, LADG is looking for you! Lake Agassiz Development Group is looking for a Loan Specialist. This position will work with the Fund Manager and Program Specialist to initiate, coordinate and track all facets of the loan programs administered by LADG. Loan Specialist Job Description (.pdf)

Midwest Nest - Edition 5 - February 2018

Thanks for the shout out city brew hall. Great article! We think you are FANTASTIC and couldn't be more excited for you! Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share your publications and get them in front of Issuu’s millions of monthly readers. Title: Midwest Nest - Edition 5 - February 2018, Author: Midwest Nest Magazin...

Rates are slowly climbing, but still a great time to lock in for 10 or 20 years! Give us a call to see if the 504 Program is a good fit for your fixed asset needs.

Fargo bakery to be featured on ABC’s The Chew today at noo...

It's always exciting to see a local business get national media coverage! Congratulations Fantasies in Frosting! FARGO -- Darla Julin thought it was a prank when an employee of her bakery, Fantasies in Frosting, called her to say a producer from ABC’s The Chew called Wednesday evening.“I thought, ‘Yeah, right,’” Julin said.But the producer followed up with an email request asking for permission to us...

Is the SBA 504 Program a good fit for your next business expansion? It was for Hair Success Salon & Day Spa! Give us a call and we'll see what we can do for you!

February 20 Year Effective Rate (fixed): 4.940%

Excited to be at the Main Street Summit! Looking forward to moving ideas forward. #mainstreetnd

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