This EDA investment supports the red river regional council with renovating a main street building in grafton, north dakota, to develop a retail and business incubator space with a shared use…

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $2,045,943 Project Grant to the Red River Regional Council on August 23, 2022 under the Economic Adjustment Assistance (EAA) program. The grant funds will support renovating a main street building in Grafton, North Dakota to develop a retail and business incubator space with a shared use commercial kitchen. This will increase equitable access to resources for emerging entrepreneurs and business incubator clients. The project aims to spur private investment and job creation by creating an entrepreneurial pipeline accessible for education. Upon completion, the renovated space and services will help advance regional resiliency as the area recovers from adverse economic impacts of the coronavirus pandemic.

This EDA investment supports the red river regional council with renovating a main street building in grafton, north dakota, to develop a retail and business incubator space with a shared use commercial kitchen and support recovery from the coronavirus pandemic in the region. The project will increase equitable access to resources and will create an entrepreneurial pipeline as the space and services will be accessible for education, and for emerging entrepreneurs, in addition to business incubator clients. Once completed, the project will help spur private investment, create jobs, and advance resiliency throughout the region.