Carrington Work Local Scholarship/Loan Repayment Program
The City of Carrington, through its Economic Development Fund, offers a Work Local Scholarship/Loan Repayment program to assist businesses in sponsoring youth from the community choosing to go to college or trade school, then returning to live and work in Carrington.
Carrington Commercial Building and Construction or Expansion Grant
The City of Carrington, through its Economic Development Fund, offers a Commercial Building Construction or Expansion Grant. This grant initiative is being undertaken to support the construction of new commercial buildings or the expansion of existing commercial buildings within city limits to encourage business growth.
Bowman County Renaissance Zone
In 1999, the North Dakota Legislative Assembly approved the Renaissance Zone Act to provide tax incentives to encourage investment in downtown or other blighted properties. Existing and new owners of commercial and residential properties within an established 23 block area in the City of Bowman (see map below) may be eligible to receive property and state income tax incentives with a qualifying investment in a building purchase, new construction or rehabilitation.
Bowman County Childcare Loan Program
Eligibility: Any licensed childcare provider Maximum of $100,000 or availability of funds 2.5% fixed rate Terms: Working capital 1-3 years, Equipment 3-5 years, Real estate 7-10 years No minimum equity requirement Requires personal/corporate guarantees Cost and fees are negotiable No job requirement"
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