1-701-852-1075 Sign Up for Enews Contact Us Home
Minot Area Development Corporation
About Us Incentives Facts & Figures Relocate & Expand Available Property Why Minot Living Here News
Learn About Incentive Programs Find Available Property Excellence in Economic Development
News
2011

A redevelopment plan unveiled in late 2011 could pave the way for rebuilding Minot's downtown core.
Eid Passport expansion leads to redevelopment plan

Security technologies company Eid Passport's new Minot location is exceeding expectation with revenues 64 percent more than originally projected, at $28 million so far. It's done more hiring as well - 44 full-time positions.

At the ribbon cutting event, Eid Passport Founder and Chairman Steve Larson unveiled a redevelopment plan for downtown Minot that will not only help Minot bounce back from flooding but also to keep downtown the city's cultural core.

North Dakota's elected officials welcome Alliance Grain Trading's expansion announcement.
United Pulse and Minot ag complex are a natural fit

Alliance Grain Trading subsidiary United Pulse now occupies Minot's Value-Added Agricultural Complex. The industry leader will efficiently buy, process and ship North Dakota crops to the world using the state's top pulse production, Port of North Dakota intermodal facility and rail-served land in Minot's ag complex.

United Pulse President Murad Al-Katib said he plans to make Minot a North American processing center much like his 78-acre operation in Turkey. Acquisition and build out of the facility represents a $12 million investment in Minot's Ag Complex. Construction began last week.

Crunchfuls Cereal
Value-added Agriculture

The Minot Area Development Corporation is working with a California-based company, Crunchfuls, Inc. as they develop a new ready-to-eat nutrition bar made from North Dakota crops including dry beans, peas, lentils and chickpeas.

Crunchfuls recently received a marketing grant from the North Dakota Department of Commerce to assist in marketing the product to the military as a recovery snack bar. Crunchfuls currently distributes other products including breakfast cereal and snacks through Whole Foods Market™.

MADC is committed to growing the value-added ag processing business through Minot's Agricultural Park. The proximity to North Dakota pulse crop growers makes Crunchfuls a natural fit for Minot.

Housing study results released

A new housing study will help city leadership plan for Minot's housing demand for the next 15 years by taking into account changing needs from the petroleum industry and Minot Air Force Base. Many of the needed units are already under construction, about 975 according to the survey.

The study forecasts that by 2026:
• Minot's population will be 56,240.
• Income and wages of Minot residents will increase.
• Poverty rates will decline.
• Minot's importance as a regional trade center will increase.

Available, affordable housing is vital to economic growth and will help Minot's population grow to 50,000, a goal of city leaders and MADC. Contact MADC at 701-852-1075 with further questions.

Minot International Airport
Minot International Airport receives grant

Minot's award-winning international airport recently received $1.2 million from the MAGIC Fund for parking lot and terminal expansions and improvements. The parking lot will receive 285 additional parking spaces, and the terminal upgrade will help accommodate increasing traffic. In 2010 Minot increased airline boarding 36 percent.

Minot International Airport received the 2010 Commercial Airport of the Year award at the Upper Midwest Aviation Symposium.


Cement facility
Halliburton Construction Update

Construction of a cement facility is nearing completion on the 37-acre site in the Great Plains Energy Park®. Winter construction also included the extension of water and sewer lines to the property in preparation for Phase II and III-slated for this spring.





EID recently purchased the former Y building
Eid Passport Begins Construction

Downtown Minot has a new neighbor. Eid Passport recently announced that it has begun construction on the former St. Leo's Church Community Center. The site will serve as a support center for the access management company, based in Portland, OR.

MADC President, Jerry Chavez hopes the revitalization of the facility will bolster even more downtown improvements in the future. "Downtown is such a vital part of our city, and I'm pleased to see Eid leading the way in downtown's revitalization."

Minot's Strong Economy

Minot's economy continues to grow as evidenced by figures released by the North Dakota State Tax office. An increase of 16.2% or $255.1M in sales and 17.9% or $310M either for sales and purchases were reported by Commissioner Cory Fong.

Additionally the city of Minot set an all-time record for permit valuation of nearly $100M, up from the previous record of $80M in 2008. These indicators point to a healthy and expanding local economy.

Allegiant
Allegiant to offer Minot to Phoenix-Mesa service

Allegiant recently announced new, nonstop travel service between Minot and Phoenix-Mesa. Flights will begin March 3rd with twice weekly service Thursday and Sunday. The company, known for its exceptional travel deals, will introduce the new service to Magic City residents with fares as low as $89.99* one-way.

Allegiant has been offering service between Minot and Las Vegas since October, 2010.