News

BISMARCK, N.D. – The North Dakota Industrial Commission is currently accepting applications through August 1st for the North Dakota Renewable Energy Program. The program funds projects that involve research and development of renewable energy technologies and processes that have strong growth potential in North Dakota.

BISMARCK – The state-owned Bank of North Dakota (BND) recorded its 16th consecutive year of record profits in 2019, with $169 million in net earnings, the Bank reported today in its annual report to the state Industrial Commission (Commission).

BISMARCK, N.D. – The North Dakota Industrial Commission today approved orders from the Department of Mineral Resources to confiscate abandoned wells in North Dakota. A hearing was held on June 10 to review and consider confiscation and plugging of over 350 wells in the state. At the hearing more than 70 additional wells were identified as likely to be orphaned by mid-July.

BISMARCK, N.D. – The North Dakota Industrial Commission (Commission) has awarded $500,000 in Renewable Energy Program matching funds to the Energy & Environmental Research Center, for work toward the development of the first integrated North Dakota ethanol and carbon capture and storage (CCS) facility. The proposed research will use the Red Trail Energy ethanol facility near Richardton, ND, as a case study, building on the successful outcomes of three phases of work since 2016. A CO2 Storage Facility Permitting Guidance Document will be compiled as part of the project to serve as a resource for other North Dakota renewable energy or biofuel producers interested in pursuing utilization of CCS technology.

Bismarck, ND – The Industrial Commission of North Dakota approved $166,174 in Outdoor Heritage Fund matching grants for five conservation and recreation projects benefiting North Dakotans across the state. The funding, generated from oil and gas production tax revenue, supports projects such as access to public and private lands for sportsmen, farming and ranching stewardship practices, fish and wildlife habitat preservation, and outdoor recreation areas.

Bismarck- The North Dakota Industrial Commission today extended the Ag Disaster Relief Loan Program to accept applications from agricultural producers through September 30, 2020. The original sunset date was June 30, 2020. Since the program was made available in January, 218 loans have been approved for $109 million.

BISMARCK, ND – The North Dakota Industrial Commission announced today that the North Dakota Housing Finance Agency (NDHFA) has made more than $1.8 million in conditional funding commitments through the state’s Housing Incentive Fund (HIF) to two new affordable housing projects.

BISMARCK, ND – The North Dakota Industrial Commission has appointed David A. Flohr as the executive director of the North Dakota Housing Finance Agency (NDHFA).

BISMARCK, ND – The North Dakota Industrial Commission has approved updated eligibility limits for government programs that help North Dakota residents, typically first-time buyers, purchase a home. Administered by North Dakota Housing Finance Agency (NDHFA), the programs provide income-qualified households with low-cost financing, and down payment and closing cost assistance.

Bismarck- The North Dakota Industrial Commission has authorized the Bank of North Dakota (BND) to provide a financing program to assist North Dakota’s ethanol producers in securing working capital to maintain operations in the state. The ethanol industry in North Dakota supports over 10,000 jobs utilizing 140 million bushels of corn to produce 400 million gallons of ethanol and 1.3 million tons of distiller’s grains.