CEO Guide to the States

North Dakota

AGRICULTURAL PROGRESS IN THE PEACE GARDEN STATE

Agriculture remains a key industry in the Peace Garden State. In January 2024, a coalition of five North Dakota organizations was awarded millions in funding to help solve food insecurity and expand economic opportunities in the agricultural market. The partnership, called Food Systems Adapted for Resiliency and MaximizedSecurity (FARMS), was granted up to $15 million over the next two years, with the potential to receive up to $160 million over the next decade as part of the U.S. National Science Foundation (NSF) Regional Innovation Engines program. It will help build the state’s reputation as a leader in AgTech by delivering innovative research, education and workforce development.

“As a former small business owner, I know the unique circumstances each business faces, from workforce challenges to overburdensome regulations. I look forward to continuing to work with NFIB to ensure North Dakota small businesses can thrive.”
Kelly Armstrong
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

EDUCATION

0 %

of adults 25 years of age and older have graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2023

KEY INCENTIVES

Innovation Technology Loan Fund (LIFT): An innovation loan fund that supports technology advancement by providing financing for commercialization of intellectual property within the state. Funds can be used for working capital to conduct applied research, experimentation or operational testing.

North Dakota Development Fund (NDDF): Offers “flexible gap financing” through loans and equity investments not available from most conventional lenders for the purpose of economic development.

Innovate ND: A voucher and grant program available to help turn an innovative idea into a profitable business.

PACE: Administered through the Bank of North Dakota (the nation’s only state-owned bank), helps communities expand their economic base by assisting primary-sector businesses that make an investment or create jobs in the community. Proceeds from the fund may be used to purchase real property, equipment and certain working capital requirements.

EDCs

North Dakota Economic Development and Finance
business.nd.gov

Bismarck-Mandan Development Association
bmda.org

Fargo Moorhead Economic Development
gfmedc.com

Williston Economic Development Office
willistondevelopment.com

HIGHLIGHTED PROGRAM OR INITIATIVE

Innovate North Dakota is a voucher reimbursement program that helps entrepreneurs in the state further their business with customer and market research. It offers advice through expert guidance and the research needed to help turn innovative ideas into profitable businesses. Each participant is eligible for up to $22,500 in reimbursable expenses and has up to six months to complete all requirements of the program.

BIG DEALS

  • Medical device company CorVent Medicine announced in April 2024 an expansion of its operations and thetransfer of manufacturing from California to Fargo.
  • Aigen Inc., an agriculture robotics company, announced in March 2024 an expansion in Fargo and the opening of its new Midwest Regional Operations Center.
  • Supply chain software company Cota Systems announced in July 2023 it will triple its office space in Fargo and add 20 new jobs.

BIG COMPANIES

  • ADM
  • Aldevron
  • Amazon
  • Anchor Ingredients
  • Baker Boy
  • Dakota Specialty Milling
  • Northrop Grumman
  • Red Trail Energy
  • Stone Mill
  • Tharaldson Ethanol
  • Thread (formerly Airtonomy)
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.