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Enhancing business diversification efforts and addressing financing gaps in economic development programming were key issues identified in a series of 40 meetings with business and finance leaders, economic development professionals and elected officials across the state in 2016. The outcome of these meetings combined with additional research by the Bank of North Dakota (BND) resulted in a recommendation to the Industrial Commission to enhance four existing BND programs and to implement a new program to assist fast growing companies in North Dakota.

In its 2016 Annual Report, Bank of North Dakota (BND) reported its 13th consecutive year of record profits, with $136.2 million in net earnings. Total assets decreased slightly from $7.4 billion in 2015 to $7.3 billion in 2016. BND ended the year with capital of $876 million. The state’s return on its investment at the Bank was a healthy 16.6 percent.

The North Dakota Industrial Commission (NDIC) appreciates this opportunity to comment on the DEPARTMENT OF TRANSPORTATION Pipeline and Hazardous Materials Safety Administration

The North Dakota Industrial Commission is currently accepting applications through March 1 for the North Dakota Renewable Energy Program.

The North Dakota Industrial Commission is currently accepting applications through February 1 for the North Dakota Renewable Energy Program.