Protecting the Nest Egg: Legislature to Debate Money Allocation

The three answers former speaker of the North Dakota house, Representative David Drovdal, gives when asked what the big issues coming down the pike in the upcoming legislative session are going to be don’t vary. They are: money, money and money. Who gets it, who doesn’t, and who pays for it. For the 63rd Legislative… [More…]

Economic Forecast: Money Doesn’t Grow on Trees?

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…]

Industry Focus: Tourism

Recently, executives representing tourism in North Dakota met at the Department of Commerce’s office in Bismarck to discuss issues the industry will face in the future.

Terry Harzinski, Bismark-Mandan Convention and Visitor Bureau; Jude Iverson, Garrison Area Community Foundation; Nicki Weissman, Harvey Area Economic Development Inc.; Nina Sneider, Buffalo City Toursim; Pam Fosse, Jamestown Civic Center;
Randy Hatzenbuhler, Theodore Roosevelt Medora Foundation; Douglas Hevenor, International Peace Garden; Charley Johnson, Fargo-Moorhead Convention and Visitor Bureau; Leona Odermann, Medora Area Convention and Visitor Bureau; Julie Rygg, Grand Forks Convention and Visitor Bureau; Wendy Howe, Minot Convention and Visitors Bureau; Terri Thiel, Dickinson Convention and Visitor Bureau; Suzie Kenner, Devils Lake Convention and Visitor Bureau; Sara Otte Coleman, North Dakota Department of Commerce [More…]

Mineral Rights: The Basics

Because oil was discovered in North Dakota in the early 1950s, oil and gas law in the state is relatively new and continues to evolve. As the courts interpret existing laws and new legislative statutes are enacted, revisions are made to Chapter 38 of North Dakota’s Century Code (Mining and Gas and Oil Production). “We… [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…]

They’re Good Challenges to Have: Meeting the Needs of North Dakota’s Economic and Population Boom

“We are blessed in North Dakota, and oil and gas development is a big part of our good fortune,” said Governor Dalrymple in a statement. North Dakota is seeing growth in all its industries, including energy, technology, tourism, agriculture and manufacturing. According to news releases from the governor’s office, the state has kicked off the… [More…]

Industry Focus: Bankers

Recently, executives representing banking interests from around the state met at the Bismarck offices of the North Dakota Department of Commerce to discuss the banking boom and its impact on the state.

Paul Rechlin, Lewis & Clark Regional Development Council; Dennis Rodin, USDA – Rural Development; Bob Humann, Bank of North Dakota; Craig Larson, Starion Financial; Tim Hennessy, U.S. Bank; Dean Reese, North Dakota Development Fund; Bon Wikenheiser, North Dakota Small Business Development Center; Robert J. Entringer, North Dakota Department of Financial Institutions; Steven Swiontek, Gate City Bank; Rob Landblom, Roosevelt Custer Regional Council for Development; Dale Pahlke, Dakota Community Bank; Jerry Hauff, Cornerstone Bank; Dale Van Eckhout, Small Business Administration North Dakota; Rick Clayburgh, North Dakota Bankers Association, Ernest Strube, Goose River Bank [More…]

Oil Wells & Water: The Demand Rises

As oil development continues to both enrich and challenge the state of North Dakota, providing access to water for both domestic and industrial use has become one of the most urgent issues that commands the attention of private enterprise as well as government entities. “The main challenge is just the water supply in general,” explains… [More…]

Getting the Goods: Stocking North Dakota’s Shelves

Getting goods to a landlocked rural state where population centers are widely scattered can always be considered a challenge. But given North Dakota’s rapid expansion of business and population, challenges have grown along with the state’s exponentially expanding industries and residents. When it comes to importing goods into the state, the goal is to have… [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…]

Industry Focus: Economic Development

For many companies the opportunities available in the Roughrider State are easy to see. Even so, economic development agencies have their work cut out for them overcoming issues such as infrastructure and housing. Recently, executives representing several of economic development agencies across the state met at the Bismarck offices of the North Dakota Department of Commerce to discuss these issues:

Paul Lucy, North Dakota Department of Commerce; Ashley Alderson, Bowman County Development Corp.; Russ Staiger, Bismarck/Mandan Development Association; Kathy Stremick, Walhalla Economic Development Corp.; Chris Schilken, Forward Devils Lake Development Corp.; Deb Walworth, Prairie West Development Foundation; Tom Rolfstad, Williston Area Development Corp.; Bev Voller, Hazelton Development Corp.; John Phillips, Economic Development Association of North Dakota; Melissa Beach, Traill County Economic Development Commission; Gaylon Baker, Stark County Development Corp.; Ellen Huber, City of Mandan; Mark Vaux, City of West Fargo; Connie Ova, Jamestown/Stutsman County Job Development Corp [More…]

Global Production: A Multi-National Industry

United States’ onshore oil production could increase about 75 percent by 2022, and North Dakota would be a primary contributor, according to a recent report. “[The U.S.] is going to continue to drill quite aggressively,” said Chris Micsak, oil analyst with BENTEK Energy, a Colorado-based energy market analytics company that provides data-driven research and market… [More…]

The State of Healthcare: Poised for Change

Though these are tumultuous times for the healthcare industry nationally, North Dakota finds itself, as in other sectors, uniquely positioned to weather — and even grow through — the challenges at hand. “In general, the state of healthcare in North Dakota is very good,” declares Paul von Ebers, the President and Chief Executive Officer of… [More…]

The Living Challenge: North Dakota’s Residential Market

There’s no place like home, and any kind of move underscores that sentiment. But having a roof over your head is part of fitting into a new community and in North Dakota the definition of just what that roof is, and how easy it will be to get under it, is changing. Crew camps, one… [More…]

Industry Focus: Agri-Business

Agriculture is North Dakota’s largest industry with nearly 90 percent of the state’s land area consisting of farms and ranches. The industry has seen a fair share of changes in recent times and is facing challenges in everything from regulation to staffing. Recently, executives representing agriculture met at the Bismarck offices of the North Dakota Department of Commerce to discuss these changes and the direction of the industry in the future:

Fred Helbling, North Dakota Stockmen’s Association; John McLean, Cargill Incorporated; Deana Wise, United States Durum Growers Association; John Mittleider, North Dakota Department of Commerce Agriculture and Bioenergy; Mitch Gardner, Cargill Malt; Eric Bartsch, United Pulse trading; Les Paulson, Paulson Premium Seed & Conditioning; Jim Hauge, Eide Bailey [More…]

Production Sustainability: The Leaps and Bounds

Oil production in North Dakota’s Bakken and Three Forks Formations is at record highs and growing, but is it sustainable at current levels? For how long? “Our growth has been extremely rapid. Technology and price have come together with the geology,” said Ron Ness, president of the North Dakota Petroleum Council, a 60-year-old organization that… [More…]

Banking on a Boom: North Dakota’s Banking Industry

Banks move in cycles just like any other business, flexing and changing with the boom and bust cycles of regional economies. North Dakota’s current boom economy with oil, natural gas, housing and construction is presenting banks with challenges – some of them quite welcome, some of them frustrating. The Banking Environment: “Hello, My Name Is” For… [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…]

Industry Focus: Commercial Real Estate

Several leaders met at the Bismarck offices of the North Dakota Department of Commerce for a roundtable discussion to examine the issues facing commercial real estate:

Lee Fundanet, Complete Hospitality Management; Jeff Manning, Alliance Building Group; Matthew Reichert, Aspen Group Real Estate Services; Bill Daniel, Daniel Companies; Skip Duemeland, Duemelands Commercial Real Estate; Roger Thomas, Burke Construction Group; Roger Cymbaluk, Basin Brokers; Neil Gush, Coldwell Banker and 1st Minot Management; and Michael Fladeland, North Dakota Department of Commerce [More…]

Government Regulations: A Balancing Act

With a production of more than one-half million barrels of oil everyday, North Dakota’s robust oil and gas industry remains a prime target of interest for environmentalists as well as regulators at all levels. “The regulations just continue to pile up,” explains Ron Ness, president of the North Dakota Petroleum Council. “They have people whose… [More…]