<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3EsOp4_1H1sqHqq00" alt="https://img.particlenews.com/image.php?url=3EsOp4_1H1sqHqq00" width="369" height="220" ><figcaption>FILE. North Dakota Department of Commerce website.</figcaption></figure>NORTH DAKOTA (KXNET) — North Dakota businesses looking for help getting started or growing may have to wait a little longer for funding from the North Dakota Development Fund.The North Dakota Department of Commerce announced today that the fund is temporarily pausing new loans, investments and other financial assistance. The decision was approved by the fund’s board during its regular meeting.The pause applies to new applications submitted after the decision was made. However, there’s one exception: the Child Care Loan Program will continue helping new and expanding licensed child care facilities across North Dakota.Why the pause? State leaders want to take a closer look at how the fund is being run following the release of a recent audit. They’re also reviewing how the program fits into North Dakota’s long-term plans for growing the state’s economy.Development Fund CEO Brian Opp says the pause will give staff time to focus on the loans and investments already in place and make sure current commitments are being met.The fund isn’t shutting down. It will continue managing existing loans and investments while the review takes place. State leaders have not yet announced when applications will reopen.</div></body>

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NORTH DAKOTA (KXNET) — North Dakota businesses looking for help getting started or growing may have to wait a little longer for funding from the North Dakota Development Fund. The North Dakota Department of Commerce announced today that the fund is temporarily pausing new loans, investments and other financial...

North Dakota pauses development fund loans amid audit

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