Business Incentives for City of Forman
"New Businesses Applicant can choose between the two incentive options below.
#1 Free water/sewer/garbage for one year and $200 after one year in business (Incentive only applies to base rate. All overages will be charged to the business) OR #2 $350 startup grant and $250 grant after first year open.
Expanding Business (Expansion must include physical expansion of property, extension of services or products offered, increase in employment opportunities, or a combination of these.) $500 grant for project
Business Enhancement (New signage, storefront improvements, renovations etc.) $100 grant for assistance with the improvements"
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Facility Improvement Grant Program for Childcare Facilities
The Improvement Grant for Childcare Facilities program is designed to help meet our workforce needs for childcare in the Lisbon ND area. By helping improve our current facilities and helping them attain certain needs, we will help give them the tools to increase the capacity of the facility and help give incentives to new childcare facilities.
Lisbon STAR Fund
The Star Fund is intended to provide financing incentives to business activities that desire to expand or locate in the greater Lisbon trade area. The primary purpose of this fund is to expand the financial base of the community by creating new jobs, saving existing jobs, expanding the local tax base, increasing capital investment, improving the entrepreneurial climate and attracting people to the Lisbon Area. Generally, Star Funds will be used to develop private enterprise.
Pembina County JDA Loan & Grants
The Pembina County Job Development Authority can offer direct loans in the form of gap financing and can also assist with interest rate buy downs through the Bank of North Dakota’s PACE and Flex PACE programs. Pembina County JDA also offers a Storefront Improvement Grant for businesses improving the facades of their businesses (application needs to be submitted before the work begins).
