Economic Development Corporation
Towner County Economic Development Annual Meeting
Tuesday, June 8th, 2021
6:30 p.m. at the Cando Golf Course
The Towner County EDC is the local non-profit development corporation who acts as the Job Development Authority for Towner County. Incorporated in 1978 as the Durum Triangle Industrial Park Corporation, the EDC has served the area for more then 40 years.
The EDC is governed by a nine member volunteer board of directors; 5 elected by the membership; 1 from the City of Cando; 1 County Commissioner and 2 appointed by the County Commission.
Revenues to operate come from County and City of Cando mill levies, along with membership and interest funds. Annual fixed expenses are minimal, with administrative services provided through a contract with Towner County.
The EDC works with existing and new businesses in Towner County, providing access to technical assistance, direct loans through a revolving loan fund and funding through interest-rate buy-downs in participation with local lenders and the Bank of North Dakota.
A small grant is provided to the North Central Small Business Development Center which helps individuals start, manage and grow their businesses through free, confidential counseling.
Board of Directors
TCEDC provided a small grant to Heartview Foundation to allow the Cando facility to meet a $25,000 challenge grant for a total of $50,000 in operational support.
North Central Small Business Development Center provided free consulting for several clients in Towner County in 2020.
The Annual meeting was not held in 2020 due to the Covid-19 pandemic.
Lance Teubner replaced Scott Boe on the board as the Towner County Commissioner representative.
A North Dakota Flex PACE interest buydown was approved for Staus Family Enterprises, LLC.
A small grant was provided to the North Central Small Business Development Center which helps individuals start, manage and grow their businesses through free, confidential counseling.
2020 Financial Report
Collateral Cash In
Total Liab. & Equity
American Bank Center
Cando Golf Club
Cando Home & Hardware
D&M Electric Motor & Supply
D&R Tire & Repair
Dakota Country Swine
Dunnigan-Dix Funeral Home
Farmers Union Insurance
First State Bank of Cando
First State Insurance
Gibbens Law Office
J.R. Gibbens Farms
Lil Prairie Greenhouse
Michael Farbo, CPA
Nodak Mutual Insurance
ND Telephone Company
Northern Plains Electric Company
Premier Wealth Management
Teubner Farms (Jeff Teubner)
The Chocolate Shoppe
Towner County Abstract
Towner County Medical Center
Wilson's Body & Paint
PO Box 781
Cando ND 58324
Phone Number: (701) 968-4340
Email Address: firstname.lastname@example.org