Making a difference
Since 1992 RNDC, Rural Nevada Development Corporation, has been making a difference in the lives of others. We provide assistance and financing opportunities to small businesses and healthy, safe, affordable housing to people in Nevada.
Small Business Lending
Down Payment Assistance
About Rural Nevada Development Corporation
Rural Nevada Development Corporation (RNDC) is a 501(c) 3 non-profit development corporation formed in January 1992 to serve the fifteen (15) rural counties, rural Clark and Washoe counties, and the twenty-seven (27) Native American tribes of Nevada. RNDC has been responsive to the needs of rural communities by addressing critical issues such as affordable housing, down payment assistance, homeowner rehabilitation and small business alternative lending practices and has received certification from the Department of Treasury as a Community Development Financial Institution (CDFI). Its ability to leverage involvement statewide from public and private sources has been successful. In 1999, the RNDC business-lending program won a “Best Practice” award from HUD for its creativity in addressing a problem, and effectively leveraging resources. Collaboration among state, federal, local governments, private, and other non-profit organizations is the primary reason RNDC has been successful.
Partners participating in small business lending and housing services consist of the following:
- USDA Rural Development
- Small Business Administration (SBA)
- Economic Development Administration
- Governors Office of Economic Development
- Nevada–Small Business Development Center
- Inter-Tribal Council of Nevada
- Nevada Housing Division
- Nevada State Development Corporation
- Nevada State Bank
- Charles Schwab Bank
- State & Local Governments
Originally designed to offer business finance and community housing development services, RNDC has provided and expanded these services while working to identify the most feasible economic development activities in each community. Its mission statement reflects its primary purpose of providing economic development assistance, financing opportunities to small businesses, and healthy, safe, affordable housing to persons in Rural Nevada. Specific emphasis has been and will continue to be on promoting the growth and development of business concerns, addressing the need for affordable housing, as well as, assisting rural communities and Native American Tribes with their development needs.
The dates for the upcoming Board Meetings are:
2nd Quarter January 24, 2023
3rd Quarter April 25, 2023
4th Quarter July 24, 2023
1st Quarter October 24, 2023
If you are interested in participating/attending please contact our office for additional information.
Press Release from U.S. Economic Development Administration
WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.3 million CARES Act Recovery Assistance grant to the Rural Nevada Development Corporation, Ely, Nevada, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs in rural Nevada adversely affected by the coronavirus pandemic.
We’ve Been Helping Since 1992
Here at Rural Nevada Development Corporation you will find passionate and dedicated individuals focused on your success.
“Absolutely wonderful people!! My mom was able to get new windows, roof, and new siding on her home! Took away her old asbestos shingles. The men were kind, fast, and professional! My mom is 80 and hard of hearing and they were very understanding and patient! Her home is something she is proud of again. Thank you to all who made this happen.”
“I have loved working with RNDC! I couldn’t purchase my new office and secure additional equity, with a traditional loan. RNDC was able to help me finance my new office and I am so grateful for their diligent follow up via emails, phone calls and texts to keep me organized! They kept me organized when life got busy. Our community is so fortunate to have them as an option. It is wonderful to see all of the businesses that they have helped throughout our county!”
“RNDC is fantastic. Great group of people to work with. My interactions with them have always been enjoyable. They offer quite a few services so make sure and see what’s available..”