Author: Bank of North Dakota

The benefits of local contacts Have you connected with resources in your community? Ashton Hauff, founder of Makewell in Bismarck, North Dakota, has provided a powerful forum for locals to encourage, learn from and inspire each other. Read on to learn more. Provide a brief history and overview of Makewell. Makewell was created out of Read More

Bank of North Dakota is committed to helping residents make smart financial decisions. In fact, we believe the need for education is so critical that we’ve dedicated a full-time employee to the effort. Lance Hill has participated in financial literacy efforts for the Bank for more than 10 years. The most popular presentations include:   Read More

Major shifts in the economic practices in our country are the impetus for increasing financial literacy. According to Kristina Zucchi, CFA, in a recent Investopedia article, Americans have more financial decisions to make than ever. Past generations relied on pension plans for retirement. As that practice has changed to a variety of retirement investment options Read More

The crystal ball concept is a good one. If we could just see into the future, we would know if Decision A leads to Outcome A, or if we choose Decision B, what change does that make to give us Outcome B? The North Dakota Legislature frequently asks these types of questions, and now with Read More

Inspiration engineered: The Myriad Mobile story Myriad Mobile is a story sure to encourage any entrepreneur. The combination of relentlessly pursuing a successful business model and accessing the ‘myriad’ of financing options to accomplish them has been their recipe for success. Please tell us about Myriad Mobile. When did you start? What services do you Read More

The benefits of international contacts Our world has undoubtedly become more connected with advancing technology. Is your community or business taking advantage of resources available to you? The Consulate General of Canada’s office is one such entity that has proven valuable to North Dakota companies that have worked with them. Read on to learn more. What Read More

Thanks to Pat McAdaragh, CEO and President of Midco, for sharing his thoughts on the role of telecommunications in economic development. They recently donated $10,000 to North Dakota Dollars for Scholars to fund technology industry-related scholarships. Provide a brief history and overview of Midco? Midco started as a movie theatre company back in 1931 and Read More

City Administrator David Schelkoph, Valley City, North Dakota, shared his community’s perspective on infrastructure funding and how Sheyenne River flooding impacts those needs. Tell us about the problem you needed to address and how it was affecting your community. I am sure your readers have heard this before from across the state, but Valley City Read More

Economic Development Director for the City of Williston, Shawn Wenko, provides insight on the changes and growth Williston has experienced over the last five years. Describe the economic landscape in the Williston area. We have experienced a considerable uptick in economic activity this year. Sales tax distributions, hotel and apartment occupancy and single-family home sales Read More

Our thanks to Lucas Gjovig, owner of Go Wireline LLC – a highly successful North Dakota-based business, for sharing his thoughts on entrepreneurship. Please tell us about Go Wireline. What services do you provide? Go Wireline is an oil field service where tools are run into a well via a truck with a spool of wireline. We Read More

Oasis Petroleum is a successful independent exploration and production company focused on oil and natural gas development in the Williston Basin. They shared thoughts on entrepreneurship and the company in a recent Q&A. What services do you provide? When did you start? Oasis is an independent exploration and production company focused on oil and natural gas Read More

Flex PACE has allowed communities the capacity to assess the community’s business needs and generate economic growth. April Baumgarten of Forum News Service recently shared the story of Half Brothers Brewing Co., a Grand Forks business, who utilized the program.     Click here to learn about Go Wireline.  

Reed Reyman, President of CHI St. Alexius Health in Dickinson, recently shared his perspective on utilizing the DEAL One Loan as a recruitment tool. The DEAL One Loan allows North Dakota residents to consolidate all of their student loans, including federal student loans, into one loan and refinance them with a lower interest rate. What Read More

Our thanks to Garrett Moon, CEO and Co-Founder of CoSchedule – a highly successful North Dakota-based business, for sharing his thoughts on entrepreneurship. Please tell us about CoSchedule. When did you start? What services do you provide? Justin, my Co-Founder, and I were running a web development and marketing consulting company and executing all our Read More

Mapleton, North Dakota, is completing road and sewer upgrades by utilizing the BND Infrastructure Loan. Mayor Barry Lund and City Engineer Brandon Oye graciously share their thoughts on the assessment, planning and communication needed for the project. Tell us about the problem you needed to address and how it was affecting your community. The Fargo-Moorhead area has been Read More

The Automated Clearing House (ACH) Network is an electronic payment network used by individuals, businesses, financial institutions and government organizations. The network allows funds to be electronically debited or credited to a checking account, savings account, financial institution general ledger account or loan account. The ACH Network is a batch processing, store-and-forward system. Transactions are Read More

Several security features have been added to U.S. currency to deter counterfeiting. However, these measures are only effective if the individuals accepting the money know them. Here are a few things you should look for.   Holding the bill to a light will reveal several security features. You should see a holograph of the face Read More

The Bowman County Development Corporation began the process of evaluating the possibility of an industrial park early in 2015. With community collaboration and leadership, the project will see construction starting this summer. Teran Doerr, executive director of the Bowman County Development Corporation, offered information about this project in a recent Q&A. Tell us how this Read More

Collaboration and leadership are key lessons Terry Sando shares regarding how the Grand Forks region has become a national leader in unmanned aerial system (UAS) development. Sando is the director of UAS Development for the Grand Forks Region Economic Development Corporation (EDC). How has the industry developed in the Grand Forks region? The development of Read More