What The Tioga fund has supported in the past
AJ's Cafe
Black Gold Dance
Pirates Den Daycare
Side Street Diner
Bleachers
Referee for sports
Flowers downtown
Tioga Fund Advisory Board
Chair President
Myles Rosencrans
Vice Chair
Nathan Germundson
Secretary Treasure
Ronica Pederson
Board Members
Pat Alberts
Wendy Lenzen
Ronica Pederson
701-664-2807
deputyauditoraccts@nccray.com
Applications can be sent to
accepting applications now
Primary sector businesses are the main focus of the fund. The primary sector is composed of industries producing goods or services mainly sold outside the area, there by importing dollars into the community.
The Economic Development funding is intended to be a revolving loan fund providing secondary or “gap” funding. The Tioga Fund Committee will have substantial flexibility in the types of financing tools available to them. Examples include loans, equity positions, equipment and building purchase, lease buy backs, interest write downs, grants and other financial vehicles as necessary and appropriate.
Economic Development Loan
- 50% economic development
- 25% property tax relief
- 5% recreation
- 5% parks
- 15% community improvement
The Tioga Fund advisory board meets the second Tuesday of each month at 6:00 pm at the commission hall if there are applications submitted that month.
Tioga Fund
Economic Development Application Process
1. The applicant will obtain an application form at the Tioga City Hall
2. The completed application, with attachments, will be returned to the Tioga City Hall. Incomplete applications may cause the decision on the project to be delayed until the application is completed.
3. The completed application, with attachments, will be distributed to the members of the Tioga Fund Committee.
4. A meeting of the Tioga Fund Committee will be held to discuss the application. At that time the applicant may give a presentation to the committee.
5. If the Tioga Fund Committee recommends approval, the application will be forwarded to the Tioga City Commission. The applicant will be advised of the date and time of the commission meeting that will consider the committee’s recommendation.
6. If the Tioga Fund Committee recommends disapproval, the application will be returned to the applicant with written comments concerning the recommendation.
7. The Tioga Fund Committee may table a decision pending further information or assistance from an outside consultant.
Loan usage and application
- The expansion of an existing business
- The startup of a new business
- The relocation of a business into the area
Funds may be provided for marketing activities aimed at economic development.
Eligible Uses
No business will be funded that will allow it to unfairly compete with an existing local firm. The Tioga Fund Committee will make such determination.
Restructuring of existing debt is generally not considered.
In general, retail ventures do not create new wealth but recirculate existing dollars within the community. For this reason retail projects will not be considered for funding unless the applicant can demonstrate that the project halts an export of wealth or the business is predominately in sales outside the local market.
Ineligible Uses
Download the application
Tioga Fund Application - Economic devel
Tioga Fund Application Form-Community Improvement
StoreFront Improvement Application
For more information on the storefront improvement grant click here.
Ronica Pederson
701-664-2807
deputyauditoraccts@nccray.com
or dropped off at Tioga City Hall
