Section: Business & Economy

Late car payments hit their highest level in decades

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by: MinotVoice  |  

More Americans are falling behind on their car payments, and economists say it’s a warning sign of deeper financial strain. New data shows that subprime auto loan delinquencies have hit record highs, with broader auto loan defaults reaching levels not seen since 2010. Rising interest rates, high car prices, and slowing job growth are squeezing

Read & Share   sourced from: Quartz

Listen: When it comes to the economy, it’s all about uncertainty

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by: MinotVoice  |  

Uncertainty can be just as damaging as the tariffs themselves. That’s the concern from economists like Mark Zandi, who warns that President Trump’s shifting trade policies are rattling businesses. After threatening steep tariffs on Canada and Mexico, then delaying them, then enforcing them—only to pause most again—companies are left guessing what comes next. Meanwhile, tariffs

Read & Share   sourced from: NPR

McFeely: Yes, White Earth wants to build a casino in Moorhead. Will city, county welcome it?

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by: Josh Wolsky  |  

A casino east of Moorhead isn’t a certainty—but it’s not just speculation either. The White Earth Band of Ojibwe has purchased 280 acres near a key highway interchange, with clear interest in building a gambling and entertainment complex. While the project would face a long legal and regulatory process, local officials may see it as

Read & Share   sourced from: InForum

The Communicator | March 2025

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By: Staff, Minot Area Chamber EDC |

The Minot Area Chamber of Commerce has released this month’s issue of The Communicator, featuring updates on local events, economic reports, and legislative developments. This edition covers the Women Connect Vision Board Workshop, the Energy Committee’s collaboration with Bakken API, and the 2024 MAFB Economic Impact Analysis. Readers can also find updates on the Legislative

Read & Share   sourced from: Minot Area Chamber EDC

Bismarck’s Kirkwood Mall thrives due to small business

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by: MinotVoice  |  

Malls across the country are struggling, but Bismarck’s Kirkwood Mall is finding success by leaning into what makes it unique—its local businesses. Mighty Missouri Coffee Company and Halberstadt’s are just two of the locally owned shops helping to reshape the mall’s identity, offering shoppers more than just big-name stores. Owner Brian Jackson sees his café’s

Read & Share   sourced from: KFYR

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Target CEO says tariffs will immediately raise prices for fruits and vegetables

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by: MinotVoice  |  

Grocery bills are about to get a little steeper—especially in the produce aisle. Target CEO Brian Cornell is warning that fresh fruits and vegetables, including staples like strawberries and avocados, will see price hikes in the coming days. The culprit? Trade policies affecting imports from Mexico, a major supplier during winter months. While Target has

Read & Share   sourced from: Quartz

North Dakota Launches ROOT Grant Program to Tackle Workforce Shortages

by: MinotVoice  |  

 Today, the North Dakota Department of Commerce is launching the Relocation Opportunity for Outstanding Talent Grant Program (ROOT) to help businesses attract and retain skilled workers by offering relocation incentives. “North Dakota employers are facing critical workforce shortages, and the ROOT program is designed to bridge that gap,” Commerce Workforce Director Katie Ralston Howe said. “By supporting relocation

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Bill approved by ND House would establish state Office of Entrepreneurship

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by: MinotVoice  |  

Starting a business can be an isolating journey, and in North Dakota, that challenge is even greater outside the Fargo-Moorhead area (you know, where Minot is 😉 ). A new bill aims to change that. House Bill 1191, now headed to the Senate, would create an Office of Entrepreneurship to connect and support small business

Read & Share   sourced from: InForum

How Canada Wins: A blueprint for a prosperous nation (and why it matters in Minot)

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by: Josh Wolsky  |  

What does it mean for a nation to win? Not in sports or politics, but in the everyday lives of its people? That’s the question driving How Canada Wins, a new series exploring the ideas, ambition, and determination shaping the country’s future. Over the coming weeks, journalists will connect with leaders, visionaries, and advocates working

Read & Share   sourced from: Regina Leader Post

With deeper federal integration, commercial drone prospects appear unlimited

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by: MinotVoice  |  

North Dakota is poised to take a major leap in drone technology. With an $11 million investment, the state will integrate its unmanned aerial system with the FAA, vastly expanding commercial drone operations beyond visual line of sight. This move could transform industries like agriculture, energy, and emergency response, making North Dakota a national leader

Read & Share   sourced from: North Dakota News Cooperative

Fabric and craft retailer Joann to go out of business and close all of its stores

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by: MinotVoice  |  

For decades, Joann has been more than just a fabric store—it’s been a haven for crafters, quilters, and DIY enthusiasts. Now, after struggling through back-to-back bankruptcies, the retailer is closing its doors for good. A recent auction determined that financial services firm GA Group will take over Joann’s assets and begin liquidating its stores. While

Read & Share   sourced from: Associated Press

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Small businesses tap South Dakota tourism growth

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by: MinotVoice  |  

Tourism in South Dakota isn’t just booming—it’s shaping careers and livelihoods across the state. From a hotel manager in Sioux Falls who welcomes travelers with humor and hospitality to a couple running a Black Hills campground and an artist capturing the state’s beauty in handmade souvenirs, small business owners are finding opportunity in the state’s

Read & Share   sourced from: South Dakota News Watch

Minot region remains hopeful for Canadian tourism

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by: MinotVoice  |  

Despite new U.S. tariffs on Canadian goods, Minot’s tourism leaders remain hopeful that cross-border friendships will endure. While some Canadians have expressed frustration and reconsidered travel plans, many still see value in visiting for shopping, entertainment, and events like the North Dakota State Fair. To ease concerns, the International Peace Garden is keeping prices steady

Read & Share   sourced from: Minot Daily News

Dept. of Commerce asks employers asked to participate in North Dakota survey to support workforce development

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by: MinotVoice  |  

The North Dakota Department of Commerce, in partnership with Deloitte, a leading global provider of consulting and advisory services, is conducting a statewide employer survey to assess and improve the state’s workforce ecosystem. “This survey provides a valuable opportunity for North Dakota employers to directly shape the future of our workforce development strategies,” said Commerce

Read & Share   sourced from: State of ND

MAGIC Fund committee supports loan fund request

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by: MinotVoice  |  

Minot’s business community could see another boost as city leaders consider adding $250,000 to the Business Accelerator Fund (BAF). Administered by Souris Basin Planning Council, the fund helps local businesses secure state-backed interest buydowns, unlocking millions in additional investment. With demand holding steady, officials estimate at least $750,000 will be needed annually. While the goal

Read & Share   sourced from: Minot Daily News

Strongest January on Record for North Dakota Air Travel

by: MinotVoice  |  

(Bismarck, ND) – The North Dakota Aeronautics Commission (NDAC) has released its monthly report detailing airline passenger traffic at the state’s eight commercial service airports. In January 2025, North Dakota’s commercial service airports recorded 105,587 passenger boardings, making it the busiest January in state history. This surpasses the previous record of 100,617 set in January

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