#29 North Dakota


From the Governor

“We’ve worked hard to create a business-friendly climate that supports and attracts investment in our growing technology sector, and this expansion by Aldevron sends a strong signal to the rest of the nation and the world that North Dakota is open for business.” —Gov. Doug Burgum


Prosperity in the Peace Garden State

North Dakota is moving beyond its economic foundation of “oil and soil” into new opportunities in tech and the unmanned aerial systems (UAS) industry. The Grand Sky Park continues to attract UAS and aerospace companies such as General Atomics Aeronautical Systems. Other recent investments include a 1,000-employee campus in Fargo, a $12 million data center in Fargo and a 32,000-square-foot expansion of a manufacturing facility in Dickinson.

Key Contacts

Dept. of Commerce

Michelle Kommer, Commissioner
701-328-5300
1600 E. Century Ave., Suite 2
P.O. Box 2057
Bismarck, ND 58503
mkommer@nd.gov
https://www.commerce.nd.gov/

Key Incentives

Income Tax Exemption: Offers an exemption from state income taxes for up to five years for any “primary” sector business that adds value to a product, process or server that produces new wealth in North Dakota.

Property Tax Exemption: Offers a property tax exemption for up to five years for a new or expanded revenue-producing primary sector enterprise.

Manufacturing, Agricultural or Recycling Equipment Sales Tax Exemption: Offers sales and use tax exemption for machinery and equipment that is used in manufacturing, agricultural processing or recycling.

Automation Tax Credit: Offers an income tax credit for purchasing machinery and equipment to automate manufacturing processes. Equal to 20% of the cost of the machinery and equipment approved by the Department of Commerce, Economic Development and Finance Division.

New Jobs Training Program: Offers grants and loans to help offset the cost of training new employees for business expansion and startups.

EDCs

North Dakota Department of Commerce, Economic Development and Finance Division: business.nd.gov

Bismarck-Mandan Development Association: bmda.org

Williston Economic Development: willistondevelopment.com

Greater Fargo/Moorhead Economic Development Corp.: gfmedc.com

Highlighted Program or Initiative

The Legacy Investment for Technology (LIFT) program is an innovation loan fund that supported technology advancement put in place by the 2019 legislative session. Offers interest rates of 0% for years 1–3, 2% for years 4–45 and the standard rate for the following years for applied research, experimentation or operational testing in the targeted sectors.

Big Deals

  • Fargo-based biotech Aldevron announced in June 2019 plans to open a 14-acre campus in Fargo that could eventually employ 1,000 people.
  • Hankinson Renewable Energy announced in May 2019 a $3.2 million project that will increase ethanol production by 10 million gallons per year.
  • Midco opened in July 2018 a $12 million data center in Fargo, its fourth in the region.
  • Killdeer Mountain Manufacturing (KMM) announced in March 2019 a 32,000-square-foot expansion of its facility in Dickinson and the addition of 20 jobs.
  • General Atomics Aeronautical Systems announced in August 2018 plans to expand its facility at the Grand Sky UAS Park from 5.5 to 20 acres.

Big Companies

Microsoft
Delta Airlines
Marathon Petroleum
John Deere
Northrop Grumman

C-Suite Testimonials

“We’re excited to expand our footprint at the Grand Sky as part of our Flight Test and Training Center in Grand Forks, North Dakota. This growth, from 5.5 acres to 20 acres, will benefit our customers, as well as strengthen our commitment to the Grand Forks community as we further build out our test and training capabilities.” —Linden Blue, CEO, General Atomics Aeronautical Systems

“Fargo was selected as the site of this data center after a rigorous vetting process. From the strength of the workforce to the infrastructure Midco has in place, Fargo is an ideal location.” —Steve Grosser, CFO, Midco

“It’s really great to be a growth-oriented company. Especially in North Dakota, we get a lot of empowerment working with our community, our state and the connectivity with our federal government.” —Kristin Hedger, Vice President of Business Development, Killdeer Mountain Manufacturing

- Advertisement -
- Advertisement -

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive Magazine

Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.

CEO CONFIDENCE INDEX

CEO Optimism Ticks Up In August, As More Businesses Predict A 2021 Recovery

A survey of nearly 500 U.S. CEOs shows an increasing number of companies planning for renewed growth in the months ahead—if the nation comes together to overcome the challenges of Covid.