It’s not necessarily a problem – finding ways to spend billions of dollars. It’s a question North Dakota’s legislators aren’t taking lightly, though. And the swelling Legacy Fund is certainly the most obvious evidence of the state’s super-charged economy – and the reason economic forecasters see nothing but blue skies ahead. From energy to agriculture,… [More…]
Building the Roughrider State
The Bakken Continues to Develop North Dakota’s powerhouse economy, fueled by the millions of barrels of oil gushing out of the Bakken formation, is capturing the attention of the world. What is less obvious is the construction that has both spurred and resulted from the oil boom — and which is sorely needed to keep… [More…]
Telecom: Growing at the Speed of Sound
The telecommunications industry is expected to go right on zipping past the lethargic national economy at the speed of sound. Evidence, if any is needed, can be found in the rise in stock prices for the first nine months of this year for firms like Verizon Communications Inc. (19.1%), AT&T Inc. (29.3%) and Sprint Nextel… [More…]
Land Issues: Developing the Amber Waves of Grain
It was Will Rogers who famously recommended that people invest in land because “they ain’t makin’ any more.” Well, they ain’t makin’ any more in North Dakota, either, which is why legislators and residents are grappling with a variety of issues relating to its limited supply of what is, in many cases, highly profitable land.… [More…]
2020 & Beyond: Planning for the Future
It was, of course, the X-Files’ well-manicured man who famously said, “We predict the future — and the best way to predict the future is to invent it.” North Dakota is in the process of inventing its future, with the goal of making sure it’s at least as good as the present – a present… [More…]