North Dakota Industrial Commission

The North Dakota Industrial Commission (NDIC) is a state government body established in 1919, composed of the Governor, Attorney General, and Agriculture Commissioner. It oversees various state-owned enterprises and manages numerous programs that provide financing through grants, loans, and equity investments to businesses and projects across several sectors. Key investment-related activities are conducted through entities and programs under its jurisdiction, including the North Dakota Development Fund (which provides loans and equity investments), the Clean Sustainable Energy Authority (grants and loans), the Renewable Energy Program, and the Oil and Gas Research Program. Its mission is to foster economic development, support energy innovation, and manage state resources.