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
- 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
Rodney Erickson, Vice President
Rob Hoflen, Treasurer
Jake Erickson, Secretart
Cameron Gulleson, Director
Jill Anderson, 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
