Dakota Business Lending is excited to launch the Entrepreneur District, a transformative space located on the second floor of its headquarters in Fargo. The Entrepreneur’s Quarter will bring together ten entrepreneurs from various industries and give them access to both the office space they need and the collaboration they need to create, work and grow…all in one physical space.
As part of the Entrepreneurs’ Quarter, business owners who were once siloed now have the opportunity to grow by working collaboratively with other Entrepreneurs-in-Residence. Through this physical community of residents, the program reduces common barriers for entrepreneurs to help them better generate ideas, create efficiencies, fill gaps, and serve the community with their talents – all to develop and support their own businesses.
Those wishing to take up their position in the Entrepreneur District must have one of two objectives: the desire and potential to grow and scale their business (hire employees, own/rent their own space, expand to other cities, move from part-time to full-time business owners, increase income, etc.) or a desire to maintain their business at its current level by building a more robust and comprehensive business (product development, rationalization of services, etc.). Dakota Business Lending will provide entrepreneurs with the office space, mentorship, education, collaboration and partnerships, and capital needed to continue to advance not only their business, but themselves as entrepreneurs.
Residency at the Entrepreneur District is free for business owners who meet the following requirements:
1. Must be an active business in good standing
2. Must need physical office space
3. Must have an eagerness to collaborate and a desire to be transformed
Applications to be one of Dakota Business Lending’s ten Entrepreneurs-in-Residence will open on January 5, 2023. More information can be found at www.dakotabusinesslending.com/entrepreneur-district. For questions, contact Michaela Schell, Director of Entrepreneurial Development at [email protected] or 701-412-2928.
Founded in 1982, Dakota Business Lending is North Dakota’s oldest, largest and most experienced 504 CDC and the first North Dakota-based financing entity to be chosen by the financial institution fund of Community Development (CDFI) from the US Treasury Department to receive a new contract. Allocation of tax credit (NMTC). With staff throughout its service area, Dakota Business Lending serves North Dakota, Montana and targeted strategic areas of Minnesota. The mission of this private, not-for-profit entity is to provide small business financing solutions through collaborative partnerships in a supportive and creative environment that grows the economy and creates or maintains quality jobs. Since its inception, Dakota Business Lending has provided more than $550 million in loans, with a total project impact of over $1.2 billion, to small businesses and local economies.