Local bank gives $10,000 to support Crosby economic development

Published: Nov 25, 2020 8:15:57 AM

The Bank of Tioga is pleased to announce a recent grant of $10,000 to Divide County Economic Development Council, Inc. (DCEDC) to help jumpstart expansion efforts of a small business entity in the Crosby area.

The $10,000 will be directed to a private sector manufacturing and retail store looking to relocate from outside of Crosby, onto Crosby's main street.

The Divide County Economic Development Council, Inc.'s mission is to enhance the ability of individual economic development corporations or groups to resolve common problems and issues and to assist in planning and preparation for rural and urban economic development in Divide County and the surrounding area.

“The Divide County Economic Development Council is so appreciative to be awarded a $10,000 grant,” said Jerry King, DCEDC President. “Our purpose is to create new job opportunities and help enhance the economic growth and quality of life in Divide County. With this funding we will be able to continue to work towards that exact purpose. We are thankful to have the financial support to assist us with continuing our efforts in growing and diversifying the economy and quality of life in Divide County.”

DCEDC also looks to provide a Housing Fund Program including a rehabilitation fund to assist in the communities’ efforts to rehab existing homes as well as down payment assistance to bridge the gap in order for more families to qualify for lending opportunities. Likewise, DCEDC helps provide deferred/forgivable loan program for businesses who are looking to relocate from a neighboring town onto Crosby’s main street.

To learn more about The Bank of Tioga’s community reinvestment efforts visit thebankoftioga.com and to learn more or donate to the Divide County Economic Development Council, Inc. visitdividecountynd.org. 

About The Bank of Tioga: The Bank of Tioga is a community bank that values citizenship, exceptional client service, serving as a business leader in its community. Committed to supporting local organizations, the bank reinvests a portion of their net income back to the community. The Bank of Tioga was chartered in 1951 and was acquired by TS Contrarian Bancshares Inc., an affiliate of TS Banking Group in 2014, with $334 million in assets. Branch locations Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.