DUNSEITH – A manufacturer of ultralight luxury recreational vehicles was awarded $2.25 million from the North Dakota Development Fund, the North Dakota Department of Commerce announced Wednesday.

Hoefer Group LLC will be located in Dunseith. The company was awarded the investment as a revolving line for inventory financing. It expects to employ more than 100 people in the Dunseith area in its manufacturing operation.

The North Dakota Development Fund also loaned $89,000 to Academy of Kids Child Care Center in Grand Forks to cover renovation costs and awarded up to $1 million to Airtonomy Inc., a drone software company in Grand Forks, to hire additional staff.

The North Dakota Development Fund was created in 1991 as an economic development tool. It provides flexible funding through debt and equity investments for new or expanding North Dakota primary sector businesses. The fund also manages the Child Care Loan Program created by the North Dakota Legislature in 2009.