Divide County Revolving Loan Fund

Spirit Fund Statement of Purpose

The City of Crosby established a home-rule charter and levied a 1% local sales tax to aid in jobs development, jobs retention, and capital expenses for the city.. The fund accumulated for this purpose shall be called the Spirit Fund. The Spirit Fund is intended to provide financing incentives to businesses that desire to expand or locate in Crosby, or within Crosby's trade area. The primary purpose of this fund is for business retention, expansion, & recruitment. The goal is to create new jobs, save existing jobs, expand the local tax base, increase capital investment, improve the entrepreneurial climate, and expandthe base of the primary sector business in the area.


Community Enhancement Grant

The Community Enhancement Funds will provide resources to organizations and communities that are working to create, improve, and strengthen the quality of life by marketing & promotions and enhancing job development through the cultural, historical, recreational, educational, health/fitness and social/ethnic activities in our trade area.


Please click on the title "Community Enhancement Grant" for more information and to fill out the application.
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Spirit Fund Guidelines & Application

How the Program Works: The Spirit Funding may be used as the local match for the Bank of North Dakota Flex PACE Interest Buy-down Program which encourages investment in commercial and industrial property and other projects presented to the Spirit Fund for consideration. Applications to the Spirit Fund dollars for uses other than the Flex PACE Interest Buy-down Program will be considered on a case by case basis. The applicant will fill out an application along with an estimate of construction costs. Upon completion of construction, the Spirit Fund will work with the applicant's bank to provide funds as a part of the permanent financing for the project.


Goal of the Program: Program is intended to make Crosby a better place by helping existing businesses to succeed, make their properties more attractive to their customers, and to make the community more attractive to potential new businesses, employees, residents and visitors by assisting businesses to take major steps to build, remodel, or expand their facilities.


**City reserves the right to make a final determination on all projects.**


Please click on the title "Spirit Fund Guidelines & Application" to review all of the guidelines and fill out the application.

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