Business, News: Fargo employers discuss ways to keep employee gatherings relevant and effective   source:   

Kill the meeting! Well, not completely, but Fargo employers are adapting to new ways of thinking and one of the old ideas that’s slowly going the way of the dodo bird — staff get-togethers. It turns out that meeting for meeting sake is a great way to kill morale and stifle productivity. Business owners take note!

Summary by: Josh Wolsky

Shakeup at IRET Results in Leadership Transition to Minneapolis

Business, News: Shakeup at IRET Results in Leadership Transition to Minneapolis

One of Minot’s larger employers, IRET, is going through a company transition that will result in significant operating changes. In a news release available on the IRET website, the company announced the retirement and pending retirement of several top executives. In addition to the personnel shakeup, the company also announced that those filling new leadership roles will headquarter in Minneapolis. Here’s the quote from the news release: Mr. Decker, Mr. […]

Connect Minot in a Minot Minute

Business: Connect Minot in a Minot Minute

Connect Minot is a monthly meet-up for the entrepreneurially-minded among us. It’s a chance to learn about new businesses setting up in Minot and quiz business owners on the methods, challenges, and rewards that come with running a business. If you’re the type that likes to learn from the experience of others, this is a great opportunity! Here’s organizer Lorena Starkey talking about this Wednesday’s event. If you didn’t […]

Business: Experts tell Fargo audience Bakken is set for a comeback   source: InForum  

The Fargo Chamber of Commerce hosted a couple Bakken-vested business leaders at recent breakfast gathering and the message they delivered was one ringing with optimism. Kathy Neset of Neset Consulting and Rob Lindberg, Director of Bakken Backers suggest the numbers tell the story, and it’s one still full of unrealized potential. In the Bakken, we’ve drilled around 13,000 of an expected 40,000 to 70,000 wells.

Summary by: Josh Wolsky

Business: Shoe retailer Payless files for bankruptcy; hundreds of stores expected to close   source: Forbes  

Another day and another story of a major national retailing filing for bankruptcy. The economic disruption caused by the Internet and online retailers like Amazon is just starting to ripple through our communities in a manner we can see and touch. No word yet on if Minot’s Payless ShoeSource will be among the 400 stores expected to close immediately.

Summary by: Josh Wolsky

Gordmans will stay open in Minot and other ND Cities

Business, News: Gordmans will stay open in Minot and other ND Cities   source: Grand Forks Herald  

Gordmans filed for bankruptcy protection in March, and as that process moves forward we’re learning more about the future of the store. Now, Forum News Services is reporting that four North Dakota stores, including the one in Minot, will stay open. Houston-based retailer, Stage Stores, acquired the properties and will continue operating them and other selected stores within the Gordmans system.

Summary by: Josh Wolsky

Business, Commentary: To build an amazing team, look for people who challenge you   source: Quartz  

It’s relevant commentary as the citizens of Minot take up the conversation of choosing the team that will lead the City this June. It turns out there is a roadmap to choosing a management make-up that consistently delivers results, and though the correlation with civic government isn’t perfect, but there are some concepts to worth noting.

Summary by: Josh Wolsky

Business, Commentary: Commentary: Why Does Fargo Keep Giving Tax Dollars Away?   source: Say Anything Blog.com  

Tony Gehrig is a Fargo City Commissioner who wonders out loud if the Fargo City Commission is using its economic development incentives properly. Though this relates directly to Fargo, the lesson could be applied to any community trying to entice businesses — for example, Minot.

Summary by: Josh Wolsky

Business, News: Company Looks to Expand Wind Energy Generation in NW North Dakota   source: KMOT News  

Tradewind Energy is in the early stages of developing a second project in Williams County. The proposal calls for 150 turbines with the potential to generate 300 megawatts. The project will locate near Tioga and stretch to the Northwest if approved.

Summary by: Josh Wolsky

Business, News: In Minot: Optimistic start for Dakota fairs annual convention   source: Minot Daily News  

Representatives from State, regional, and county fairs in North and South Dakota as well as vendors, entertainers, and others were in Minot this weekend talking shop, new ideas, and making plans for next summer’s events. The event was held in Minot for the first time ever.

Summary by: Josh Wolsky