Connections for Growth
Put simply, we make connections. And every connection supports company success.
Our EDC provides one-on-one help to companies, asking them questions and connecting them to resources or answers. The way we assist varies greatly from company to company, but our goals are always the same. Ask the right questions, listen and take away two key pieces of information. First, understand their company and sector trends. Second, connect them to resources that support their growth and sustainability.
One example is the eight-year old mechanical engineering services firm, Red E. The firm specializes in aftermarket air seeding and planter solutions. Their services include product design, manufacturing support, reverse engineering, 3D printing, prototyping, component and part sourcing, and advanced engineering. And while they deserve the credit for their success, we are proud to have had the opportunity to work with the promising young company.
After years of business development efforts, Red E’s brand and services have gained significant traction across the U.S. and internationally. To support continued sales growth, Red E recently quadrupled their space.
The EDC’s work with Red E included helping them become primary-sector certified. That certification allowed them to access additional incentives like a local property tax exemption and corporate income tax exemption. The company also qualified for the Bank of North Dakota’s PACE program, low interest financing accessible through the EDC-managed Growth Initiative Fund. With the loan, Red E purchased and updated their new building.
From the EDC’s perspective, it’s small connections and information that create a foundation for long-term success.