Rural Development Finance Corporation 

The Rural Development Finance Corporation (RDFC) is a North Dakota nonprofit finance and development corporation whose member-owners are all the North Dakota Rural Electric Cooperatives, nine of the North Dakota Rural Telecommunication Cooperatives and the North Dakota Association of Rural Electric Cooperatives.  

The RDFC is pleased to announce it has approved a 2024 grant allotment of $3,000 per member-cooperative to be used to support community owned entities, non-profits and community-based projects.   
  
Eligible projects: community owned businesses (café, grocery store, motel, other); community facilities (such as ambulance services, fire districts, recreation, hospital/clinic, community center, etc.); Workforce development (defined as - training to meet the needs of current and future business and industry in order to maintain a sustainable competitive economic environment; training, development opportunities, continuing education programs, etc.) or community-based projects (such as school/youth projects, other) that benefit rural areas and lead to community betterment.  

Please note that the RDFC does not provide funds for medical fundraisers or general operating costs.  
  
Matching funds: $4 dollars of other funds to every $1 of RDFC funds. The member cooperative is responsible for verifying the matching funds. The matching funds DO NOT need to come from the utility cooperative. RDFC will not require documentation.  

Maximum/minimum grant amounts: The minimum grant amount is $500; the maximum is $3,000. The limit is $3,000 per member cooperative for 2024.  

Apply today!

Click here to download the application form!
Please return applications to KEM Electric, Attn: Marcy Sanders.
Email to msanders@kemelectric.com.