Flex PACE Program (North Dakota)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place North Dakota

Applies to States or Provinces North Dakota
Name Flex PACE Program (North Dakota)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Bank of North Dakota
Primary Website http://banknd.nd.gov/lending_services/business_financing_programs/flex_PACE_program.html

Last Review 2014-09-15


The Flex PACE Program designed to provide interest buy down to non-PACE qualifying businesses where the community determines eligibility and accountability standards. The PACE family of programs at BND is designed to encourage specific types of economic activity within the State of North Dakota. Job creation is not a requirement of Flex PACE, but jobs will be tracked for informational purposes. The cumulative amount of PACE funds available per biennium under Flex PACE to a North Dakota community or an individual borrower will be determined by the Bank's Investment Committee. BND will provide up to $100,000 of Flex PACE funds for regular projects.