In-State Investment Program Locations

The In-State Investment Program’s primary goal is to earn strong returns for the Legacy Fund. Over time, these investments can also support economic growth and quality of life across North Dakota.

The map below shows where in-state capital is at work:

Map of ND showing in-state investment locations as of 6/30/26. The ND Growth Fund (27) is concentrated in the northwest and east-central regions, with a major cluster in the northeast. The Match Program (9) is distributed across the state, with several locations in the west and central regions. The Infrastructure Revolving Loan Fund (38) has the broadest distribution, with concentrations in the northwest, central, and eastern regions. The North Dakota Real Assets Fund has no locations.

Some investments cannot be identified by name or by dollar amount. Private fund agreements and lending relationships carry confidentiality terms, so locations are shown without underlying detail.