North Dakota Economic Development and Finance Press Releases

• Published on September 10, 2024 - 16:16 GMT

  

  As one of our five targeted industries for growth, North Dakota's technology-based business sector is growing and diversifying. 

  North Dakota is a state on the move—we’re moving a lot of data. Fast. We’re ranked #1 in the nation for ultra-fast internet access (besting most of our neighbors); thirty percent of our households have access to internet faster than 1 Gbps (billions of …

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• Published on September 10, 2024 - 14:50 GMT

  

  Production agriculture is an important part of the North Dakota economy. 

  Production agriculture is an important part of the North Dakota economy. North Dakota continues to work to diversify its agricultural fabric by targeting the development of value-added agriculture. Definition of Value-Added Agriculture Value-added …

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• Published on September 10, 2024 - 14:50 GMT

  

  If you are considering starting or helping a new tourism business and need assistance, the resources here can help. 

  North Dakota welcomes 22 million visitors each year, creating the demand for expanded experiences. If you are considering starting or helping a new tourism business and need assistance, the resources here can help. Below is a listing of agencies and …

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• Published on September 10, 2024 - 14:50 GMT

  

  Energy offers some of the greatest growth opportunities for North Dakota. Energy is the state's largest industry.

  North Dakota generates over twice as much electricity as required for in-state use through a variety of energy sources. Coal, natural gas, wind, hydroelectric and other sources all contribute to a reliable supply at affordable prices to the consumer. In …

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• Published on September 10, 2024 - 14:50 GMT

  

  North Dakota is a proven leader in Unmanned Aircraft Systems (UAS).

  Experience our uncongested airspace, open terrain, and true four-season climate. Benefit from our state’s direct access to decision-makers, business-centric government, and deep relationships with the FAA. Collaborate with our partners like the Northern …

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• Published on September 10, 2024 - 14:50 GMT

  

  Manufacturing accounts for 6.71 percent of North Dakota's Gross State Product.

  Manufacturing accounts for 7.3 percent of North Dakota's Gross State Product. While the rest of the country has experienced a manufacturing retraction since 2000, North Dakota has enjoyed an expansion. Strong market growth, both domestically and …

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• Published on April 21, 2022 - 20:45 GMT

  Kevin O’Leary, CEO and representatives of Bitzero visit North Dakota

  The North Dakota Department of Commerce announced today that Kevin O’Leary, a strategic investor of Bitzero and, Akbar Shamji the CEO of Bitzero, and other representatives for the cryptocurrency company visited North Dakota to evaluate potential Bitcoin …

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• Published on April 6, 2022 - 18:13 GMT

  North Dakota Development Fund approves $3.34 million for Q1 2022

  The North Dakota Department of Commerce announced today that three companies were approved for approximately $3.34 million in loan and venture funds through the North Dakota Development Fund (NDDF) during the first quarter of 2022.   “The North Dakota …

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• Published on March 23, 2022 - 21:00 GMT

  LIFT Committee awards $1.5M to two companies in March

  The North Dakota Department of Commerce announced today that the Innovation Technology Loan Fund (LIFT) Committee awarded a total of $1.5 million to two companies for the month of March.   “The LIFT Committee continues to meet monthly to review …

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• Published on February 23, 2022 - 17:46 GMT

  Commerce suspends new applications for Innovate ND

  The North Dakota Department of Commerce announced today that new applications for Innovate ND are suspended until further notice.   The suspension comes from the high demand for program offerings and a limited budget capacity for this biennium.   “The high …

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• Published on February 23, 2022 - 17:46 GMT

  LIFT Committee awards $750,000 to two companies in February

  LIFT Committee awards $750,000 to two companies in February Post Date: Feb 23 2022 The North Dakota Department of Commerce announced today that the Innovation Technology Loan Fund (LIFT) Committee awarded a total of $750,000 to two companies for the month …

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• Published on January 27, 2022 - 19:36 GMT

  Automation Tax Credit applications due next Monday

  The North Dakota Department of Commerce announced today that primary sector businesses wishing to utilize the Automation Tax Credit are required to submit applications by Jan. 31. The Automation Tax Credit program provides a tax credit of up to 20% to …

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• Published on January 25, 2022 - 21:31 GMT

  LIFT Committee awards $1.25 million to two companies in January

  The North Dakota Department of Commerce announced today that The Innovation Technology Loan Fund (LIFT) Committee awarded a total of $1.25 million to two companies for the month of January.   “LIFT was established to support the commercialization of …

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• Published on January 21, 2022 - 17:24 GMT

  North Dakota Development Fund approves $3.58 million for Q4 2021

  The North Dakota Department of Commerce announced today that three companies were approved $3.58 million in loan and venture funds through the North Dakota Development Fund (NDDF) during the fourth quarter of 2021.   “Providing incentives for new or …

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• Published on January 13, 2022 - 21:53 GMT

  Commercial Bee Supply launches new location in Hettinger

  The North Dakota Department of Commerce today announced the initial opening of Commercial Bee Supply in Hettinger.   “As the No. 1 honey producer in the nation, North Dakota is a fitting hub for beekeeping supplies and is home to many residents who rely on …

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• Published on December 22, 2021 - 22:16 GMT

  Commerce seeks grant proposals with $10 million available to advance autonomous farming through innovation

  The North Dakota Department of Commerce is currently accepting proposals for the Autonomous Agriculture Matching Grant program.   The intent of the grant is to encourage and support the advancement of autonomous farming by awarding a 1:1 match of funding …

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• Published on December 16, 2021 - 22:29 GMT

  LIFT Committee awards $250,000 to Thaea LLC

  LIFT Committee awards $250,000 to Thaea LLC Post Date: Dec 16 2021 BISMARCK, N.D. – The North Dakota Department of Commerce announced today that The Innovation Technology Loan Fund (LIFT) Committee awarded $250,000 to Thaea LLC for the month of December.  …

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• Published on November 24, 2021 - 17:36 GMT

  LIFT Committee awards $750,000 to Access Point Technologies EP

  BISMARCK, N.D. – The North Dakota Department of Commerce announced today that The Innovation Technology Loan Fund (LIFT) Committee awarded $750,000 to Access Point Technologies EP for the month of November.?   “To date, the LIFT Committee has awarded $8.05 …

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• Published on October 15, 2021 - 16:35 GMT

  Governor’s Choice awards recognize outstanding economic development in North Dakota

  Gov. Doug Burgum presented the Governor’s Choice Economic Development Awards during the Economic Development Association of North Dakota (EDND) Fall Conference on Wednesday, Oct. 13, in West Fargo.   “Congratulations to these award recipients who are …

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• Published on October 14, 2021 - 22:53 GMT

  Burgum, Commerce announce ND Development Fund support for Cerilon to build $2.8B gas-to-liquids plant

  Burgum, Commerce announce ND Development Fund support for Cerilon to build $2.8B gas-to-liquids plant Post Date: Oct 14 2021 Gov. Doug Burgum and the North Dakota Department of Commerce today announced that the North Dakota Development Fund has approved …

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