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Rutland Community Development Corporation
The Rutland Community Development Corporation was established in 1976 to assist and encourage new and existing business development in the Rutland community. Shares had a par value of $50.00 when issued. As the purpose of the corporation is to use available capital to assist new and existing businesses, the corporation has never paid a dividend to shareholders.
In the past 34 years the RCDC has either financed or participated in financing a number of business, equipment and building aquisitions and improvements in Rutland, including:
Rutland Oil Co.’s self-service fuel pumps
Mahrer Construction’s shop building
Rutland Cafe
The old Rutland Grocery
The old Lariat Bar
Kulzer Feed & Seed
Alley Cuts
Anderson Insurance Agency (now part of Waloch-Johnson Insurance Agency)
Weber Ag Service, and,
Lunneborg Landscaping.
Not all of these businesses succeeded, but it wasn’t for lack of trying. The reason that the corporation has never paid a dividend is that all earnings have been retained for use as additional investment capital. The RCDC works with local banks, Lake Agassiz Regional Development Corporation, the Bank of North Dakota and USDA’s Rural Development Agency to obtain the capital needed to keep the wheels of business turning in this community. Individuals with an idea, a plan and a work ethic will find enthusiastic backing in Rutland.
The Current Board of Directors include:
Bill Anderson, President
Mike Kulzer, Vice President
Lori McLaen, Secretary
Robert Hoflen, Treasurer
Cameron Gulleson, Director
Norman Preble, Director
Rob Wyum, Director
Quentin Hoistad, Ex-Officio Director
Ron Narum, Ex-Officio Director
The Rutland Community Development Corporation can be reached by mail at:
Rutland Community Development Corporation
The Rutland Community Development Corporation was established in 1976 to assist and encourage new and existing business development in the Rutland community. Shares had a par value of $50.00 when issued. As the purpose of the corporation is to use available capital to assist new and existing businesses, the corporation has never paid a dividend to shareholders.
In the past 34 years the RCDC has either financed or participated in financing a number of business, equipment and building aquisitions and improvements in Rutland, including:
Not all of these businesses succeeded, but it wasn’t for lack of trying. The reason that the corporation has never paid a dividend is that all earnings have been retained for use as additional investment capital. The RCDC works with local banks, Lake Agassiz Regional Development Corporation, the Bank of North Dakota and USDA’s Rural Development Agency to obtain the capital needed to keep the wheels of business turning in this community. Individuals with an idea, a plan and a work ethic will find enthusiastic backing in Rutland.
The Current Board of Directors include:
Bill Anderson, President
Mike Kulzer, Vice President
Lori McLaen, Secretary
Robert Hoflen, Treasurer
Cameron Gulleson, Director
Norman Preble, Director
Rob Wyum, Director
Quentin Hoistad, Ex-Officio Director
Ron Narum, Ex-Officio Director
The Rutland Community Development Corporation can be reached by mail at:
RCDC
Post Office Box 124
Rutland, ND 58067