Richland County Jobs Development Authority
The Richland County Jobs Development Authority (RCJDA) was established in 1991 by the Richland County Commission. The organization’s mission is to assist in developing the economy of Richland County, North Dakota, primarily through lending to new and expanding business, supporting business research and development, providing technical assistance and participating in development of needed infrastructure. The objectives of these efforts are a more diversified economy, new jobs and creation of new wealth in the county.
The RCJDA is supported by a rural property tax levy and loan repayments and is managed by an eleven member board of directors. Loans to businesses are made from the Charles Klosterman Loan Fund, a revolving fund that provides flexible financing to qualified borrowers in participation with other lenders.
Since 1996 the RCJDA has contracted with the Lake Agassiz Regional Council, a 6-county regional economic development organization, for administrative services.
Richland County JDA meets the 3rd Wednesday of every month at 7:00pm. Please contact Amber for location.
The Charles Klosterman Loan Fund
The Charles Klosterman Loan Fund, named for the late Charles Klosterman, first Chairman of the RCJDA, is a revolving loan fund supported by a levy on rural property in Richland County and by principal and interest repayments to the fund. Through December 31, 2018 the Fund had made 118 loans to new and expanding businesses in Richland County totaling over $3.4 million and had an active portfolio of 41 loans with balances totaling $971,031.39.
The fund is a source of flexible financing that can help induce bank participation, spread risk and in general, encourage and broaden the willingness of funding sources to participate in development projects.
Although funds are limited, the Fund has played an active role in start-up and expansion of small manufacturers and in recent years has strongly supported the rural community retail sector, particularly transfers of ownership to a new generation of proprietors. RCJDA also participates in feasibility studies important to the expansion of value added manufacturing and processing and assists in preparing proposals for new industry location.
The fund continues to seek new projects. A fillable application can be found on this web page. Additional information may be obtained by contacting RCJDA via phone, letter or e-mail.
RCJDA Board Members
Arnie Althoff 701-640-0348
Arnold Anderson 701-640-0637
Patty Zietlow 701-671-1552
Ken Veit 701-242-7762
Steve Gunness 701-640-0058
Nathan Berseth 701-388-3549
Bob Fust 701-640-6820
Rollie Ehlert 701-242-7154
Kevin Paczkowski 701-640-4392
Office Staff
Amber Metz
Lake Agassiz Regional Council
417 Main Ave, Suite 201
Fargo, ND 58103
701-235-1197
Loan Application
Other Business Resources
Justin Neppl
Southern Valley Economic Development Authority
Lake Agassiz Development Group
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