Financial Incentives

Connecting you to the center of the community, the Rugby Job Development Authority (Rugby JDA) is here to help new entrepreneurs take those first steps, work with growing businesses on the challenges of expansion, assist in retaining businesses as they transition to different owners, and assist organizations moving or expanding to Rugby. Our board members are involved leaders, and we actively form partnerships on development issues. We understand that by helping you meet your challenges, the Rugby JDA is building on a great community.

The Rugby JDA provides professional comprehensive assistance and a wide variety of economic development resources. Our goal is to diversify the economy and increase job availability in the Rugby region.

Taxes

New and growing businesses require investment. Our staff can help you build your financial package and make your plans a reality.

Application for Property Tax Incentives for New or Expanding Businesses

Property Tax Application

Application for improvements to Commercial & Residential Buildings

Renaissance Zone Information

Renaissance Application Form
Investment Reporting Form
Good Standing Certificate
Renaissance Zone Act Tax Incentive Guideline

Rugby Renaissance Zone Development Plan

Other Community Tax Incentives

Application for Improvements to Commercial & Residential Build

Application and Guidelines for Tax Exemption for New Residential Housing

New Flex PACE Housing Policy

Rugby JDA Flex Pace Housing Policy (3)

Facilitate Regional and State Loans and Programs

Grant Resources

  • EDC Loans
  • Bank of North Dakota                                                                                                                                                                            Located in Bismarck, ND, this is the only state-owned bank in the nation. Its mission, established by legislative action in 1919, is to encourage and promote agriculture, commerce and industry in North Dakota. In this role, the Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guarantee agencies
    Bank of North Dakota
  • USDA Rural Development
  • Small Business Administration
  • Souris Basin Planning Council                                                                                                                                                                   The Souris Basin Planning Council is a regional council of governments organized in 1972 to address the development needs in the counties of North Dakota Planning Region II. These counties are Bottineau, Burke, McHenry, Mountrail, Pierce, Renville and Ward.                                                                                                                               SBPC
  • Souris Basin Planning Council

Whether starting a new business or expanding an existing business, it takes more than money. A good plan and the know-how to make it happen are as important as capital and your hard work. The Rugby JDA can help.

Data and Resource Development

  • Workforce and training development
  • Transportation infrastructure and shipping resources
  • Liaison with major utilities
  • Specialized market and demographic research

Technical Assistance

  • Business plan writing
  • Feasibility assessments
  • Finance packages coordination
  • Marketing assistance
  • Bookkeeping and accounting resources
  • Special projects coordination

For more information, please contact our staff.

Program/Type Description Apply to Approval by Source Examples/Comments
Renaissance Zone Tax Incentives For Commercial and Residential properties within the Renaissance Zone Rugby Job Development Authority Rennaissance Zone Committee, City Council, and State Office State and Local Tax Exemptions Program offering property and income tax incentives to qualified zone projects
Community Development Block Grants Block Grants/Loans pass through Souris Basin Planning Council Rugby Job Development Authority, Rugby City Council. Public Hearing Required. State Funds CDBG program is to improve public infrastructure and housing, without placing the financial burden on low income residents
Student Loan Assistance Program For local student loan assistance Rugby Job Development Authority Student Loan Assistance Program Committee 2% City Sales tax or JDA Property Tax Program offering student loan payment assistance for employees of local businesses
Interest Buy Downs PACE and Flex PACE available with local lead bank and Bank of North Dakota Rugby Job Development Authority Rugby Job Development Authority (case by case) 2% City Sales tax or JDA Property Tax
Payment in Lieu of Taxes (PILOT) for new and expanding businesses City Auditor City Council (case by case) Public Hearing Required Property Tax School District involved in process. School District and/or County may opt out
FLEX PACE Financing with interest buy downs for business Bank of North Dakota Bank of North Dakota and Lead lender Bank of North Dakota + local share Johnson’s Plumbing, Salon Studio 2000, 3rd Street Station, Idesign, Stylin You, Subway, Rugby Vet
Low-interest loans to non-competitive business Rugby Job Development Authority Rugby Job Development Authority 2% City Sales tax or JDA Property Tax
Restaurant/Lodging – Hotel Motel Tax For Tourism Related Projects Rugby Convention and Visitor’s Bureau (CVB) CVB 2% tax on overnight stays + additional 1% tax on lodging and restaurant tax tax receipts used for special tourist attraction projects and promotions
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