In November of 2017, two studies were made public regarding the effect of NAFTA (The North American Free Trade Agreement) were it to be repealed. One study was done by BMO Capital Markets and the other by the U.S. Chamber of Commerce. The third most vulnerable state were NAFTA to be repealed would be North
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The efforts to reenergize and repopulate rural portions of the United States are an ongoing topic for politicians. Often framed under the idea of ‘economic development’, the hope is that government can incentivize a behavior deemed to be beneficial to an area that’s not taking place on it’s own through the private sector. In Georgia,
Read & Share sourced from: Politically Georgia
For the past 25-years, I've watched our economic development efforts swing for the fences. We've spent millions and millions incentivizing and luring the big fish. There are some legitimate success stories. There are also some spectacular failures.
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This month has been what looks like a reality check. Let’s stipulate to a few facts. In Washington, D.C. we have a Republican President, a Republican House of Representatives and a Republican Senate. In the opinion of these duly elected persons, a tax decrease is needed to stimulate the economy. This is at a time
Read & ShareHow do you make a product or a company more profitable? There are lots of ways including reducing costs through innovative practices, creating a differentiated product that commands a higher price. And there’s also vertical integration — the method of getting control of the supply chain and middlemen that separate a raw product from the
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Carlsbad, New Mexico — it’s a city with more than a few similarities to Minot. Notably, it’s fortunes also rise and fall with the price of oil. It’s a cycle that’s led community leaders and business owners alike if there aren’t better ways to build a sustainable livelihood and economy. Sound familiar? As a solution,
Read & Share sourced from: Associated Press
I am very possibly of the minority when it comes to public opinion, but nonetheless in the mainstream with the opinions of the majority of credible economists. If there are tax reductions by Congress, it will in all probability stimulate the economy at least over the short term. A tax decrease would also be popular
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Economics is very much a scientific study of simplified, rational decision making. But there’s a problem, humans aren’t always rational decision makers. Sometimes we’re downright weird and inexplicable. Richard Thaler was among the first economists to consider our weirdness, and his work won him a Nobel Prize. NPR has the story.
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Elected officials in Grand Forks are opening their eyes to a new financial reality — funding from the federal government is coming more slowly and less regularly. It means many programs, particularly those that fall under the umbrella of Community Development Block Grants have a less secure future. It matters for Minot because local municipalities
Read & Share sourced from: Grand Forks Herald
If your personal information was compromised by the data breach at Equifax, hopefully you’ve been notified and are taking steps to protect yourself. And if you were impacted, there’s no doubt the situation has been more than a little inconvenient. And all of it speaks to what standard of corporate responsibility Equifax should be held
Read & Share sourced from: WIRED
With recent discussions about NAFTA making headlines, it’s always worth noting when and where possible how businesses react to political posturing. The first law of politics and policy should be, “beware the unintended consequences”. And in the case of the tough talk over North American trade policy, it’s fair to say the private sector is taking
Read & Share sourced from: QuartzSubscribe to Today in Minot!
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One of North Dakota’s largest oil producers, Continental Resources, announced it has a deal in place to sell ~33,500 barrels per day of ND produced sweet crude to China. The deal creates logistics challenges in form of ensuring Continental oil isn’t comingled with other sources before being loaded and shipped, and it’s only possible because
Read & Share sourced from: UPIIn the early months of operation, the Dakota Access pipeline is proving to be a boon for North Dakota’s treasury. Because of lower costs getting oil to market, the price of North Dakota crude has gone up by about $2 per barrel since the line went operational. That equates to about $6 million per month
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The Dakota Access Pipeline has been online since June, and early indicators suggest that it’s reduced the cost of delivering North Dakota oil to market and added revenue to the state’s tax collections. But is it a game changer for the Bakken play? According to this Washington Post article featured in the Grand Forks Herald,
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Few infrastructure developments are more contentious these days than oil pipeline projects. We’ve had our own battles here in North Dakota, but in Minnesota getting pipelines approved is more difficult yet. But with regards to the Line 3 Pipeline from NE North Dakota to Superior Wisconsin, Enbridge is pushing back against regulatory slowplaying with facts
Read & Share sourced from: Grand Forks Herald
If there’s anything we’ve learned from this year’s hurricane’s, it’s a lesson on the vulnerability of our power grid. How do we make ourselves more resilient? Perhaps a look north will provide the answer as Alaska’s isolated communities develop blueprints for sustainable, locally generated power infrastructure. It’s a relevant topic for North Dakota because as
Read & Share sourced from: NPR