More than $265,000 approved for North Dakota economic development
U.S. Senators John Hoeven and Heidi Heitkamp announced last week that five North Dakota communities will receive a total of $266,850 in federal funding to help spur economic development. The funding, awarded by the U.S. Economic Development Administration, will be used for long-term planning efforts in Mandan, Devils Lake, Dickinson, Fargo and on the Standing Rock Sioux Tribe Reservation.
In Mandan, the Lewis and Clark Regional Development Council will be awarded $55,800 in federal funding.
“Long-term economic development planning is crucial for North Dakota communities to be successful in creating jobs and opportunities in the future,” the Senators said. “Smart economic development investments are critical to ensure that our communities have the know-how to access capital and planning resources.”
According to the EDA, this planning investment supports the development and implementation of a comprehensive economic development strategy. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.