LIFT Loan Program Awards Funding to Four Tech and Manufacturing Companies
19 Dec 2024
News
The North Dakota Department of Commerce announces the Legacy Investment for Technology (LIFT) program’s One-Time Funding Round awards $1,044,000 to four companies in December.
- CorVent Medical (Fargo, ND) is the only U.S. owned and operated designer and manufacturer of mechanical ventilators. Awarded $296,500.
- Dynon Avionics (Fargo, ND) designs and manufactures avionics systems for small aircraft. They are headquartered in Woodinville, WA and recently opened an engineering office in Fargo. Awarded $296,500.
- Project Phoenix (Fargo, ND) offers a cutting-edge software platform that automates the creation of secure and efficient Application Programming Interfaces (APIs), simplifying data management for businesses across a variety of industries. Awarded $100,000.
- Valor Victoria (West Fargo, ND) is a woman-owned service business in the intermodal rail services industry developing a platform that will create a user-friendly interface that allows customers to track their container movement in real time. Awarded $351,000.
More Topics
Armstrong: North Dakota sees continued growth with record population estimate of 796,568 in 2024
Dec 19 2024Gov. Kelly Armstrong announced that North Dakota’s population grew to a record high of 796,568 people as of July 1, 2024, marking the largest increase since 2020, according to population estimates released by the U.S. Census Bureau.The population estimate released today exceeds the original 2023 estimate of 783,926 residents by...
U.S. Department of Agriculture Secretary Tom Vilsack announced the second round of Regional Agricultural Promotion Program (RAPP) grants, which is intended to allocate $300 million to 67 partners once all legal and administrative requirements are satisfied, expanding American food and agricultural exports in emerging global markets. This latest investment brings...
Agriculture Secretary Tom Vilsack today announced awards for more than $4.37 billion in clean energy investments through the United States Department of Agriculture’s (USDA) Empowering Rural America (New ERA) Program. Rural electric cooperatives will use the funding to support thousands of jobs, lower electricity costs for businesses and families and...
