MADC reenergizes Business Expansion and Retention program

Posted: Apr 04 2019
Minot Area Development Corporation revamped its Business Expansion and Retention program (BEAR) in the first quarter of 2019. The corporation updated the initiative to align with the International Economic Development Council’s industry standards. This is an economic development strategy of proactively connecting with our community’s existing businesses to understand and respond to their needs. “We hope to gain some perspective on what our local businesses need and respond, so that businesses grow, stay and become even more committed to the community,” said MADC President and CEO Stephanie Hoffart. The area’s lead economic development group will strive to meet with approximately 100 primary sector businesses in the second and third quarters of 2019.