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InfoTech celebrates 5 years in Minot
Congratulations go out to InfoTech-Minot Technology Center for five years of success out if its Minot office that was established in 2007. Manhattan-based InfoTech is a leading software house and system solutions company that serves contracts for the U.S. Department of Defense.
In 2005 the Minot Area Development Corporation developed a strategy to attract knowledge-based businesses by enlisting help from North Dakota's congressional delegation has shown great success. MADC is responsible for diversifying the local economy and encouraging long-term economic growth through specific initiatives in key industries.
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BNSF expands Minot capabilities
Burlington Northern Santa Fe Railway has invested significantly--to the tune of $35 million--in its Minot facility with two new inspection tracks and an indoor rail car repair facility. Ninety new employees were hired as part of the expansion, among them mechanics.
Governor Jack Dalrymple commended BNSF for its investment and noted the expansion will help BNSF accommodate increased demand from the petroleum industry.
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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.
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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.
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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.
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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.
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Halliburton
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.
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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.
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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.
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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 that 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."
For more on Eid, Click here!
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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.
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High technology company approved for Magic Funding
Minot is one step closer to having defense contractor Eid Passport as part of its virtual Research & Development Complex with the City's approval of $800,000 in MAGIC Funding. Eid is recognized as the largest commercial provider of vendor credentials for the Department of Defense and leads this market in technology. Eid plans to expand to a location in Minot's downtown district. The company also helps businesses, government facilities, ports, and military installations ensure facility security by providing background and access verification.
Locally Eid will create upwards of 30 jobs, including high-paying careers such as high-level software engineers. The company expects to invest about $10 million into the Minot office over the next three years. Eid is headquartered in Portland, OR., with another office in Alexandria, VA.
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Halliburton in Minot
Minot's expanding Great Plains Energy Park will see significant activity over the next several months.
International energy company Halliburton has agreed to occupy 38 acres and become the first tenant in the Phase 2 portion of the park, which is located on the eastern edge of the city. The announcement was made Tuesday morning at City Hall.
Halliburton spokesman Brent Eslinger said his company intends to invest approximately $15 million for operational and maintenence facilities, parking areas and an administrative building at the Energy Park. Work is scheduled for completion in the first quarter of 2011. According to Halliburton, the facility will bring 250 jobs to Minot.
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Port of ND begins shipping regional ag commodities to world markets
One of the world's largest shipping and logistics companies, Oriental Overseas Container Line (OOCL), shipped the very first load of containerized ag commodities out of Minot's Port of North Dakota this week. A first for North Dakota considering value added products are headed to Asian markets shipped from intermodal ramp in northcentral North Dakota. Success of the inland hub means greater efficiency and therefore cost-savings for shippers and increased commerce traffic in the region. It is highly anticipated that more companies will begin containerized shipments, for example of value-added agricultural commodities, to the Pacific Coast and directly on to world markets.
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Big Oil Moving Toward Minot
Oil drilling will come to the Minot area in the near future, says Lynn Helms, Director of the North Dakota Department of Mineral Resources.
"All the established Bakken-Three Forks companies are playing Parshall and west. But the new money coming in is going to have to go into some of the more risky areas, so I'm very bullish on Three Forks production in Ward County and even as far as here," he said, referring to Minot.
The Bakken Formation, home to 4.3 billion barrels of recoverable oil, is hailed as the largest continuous oil formation ever assessed by the USGS. However, the Three Forks - Sanish formation lies directly underneath the Bakken zone and extends beyond it. According the Helms, the Three Forks Formation extends beyond the boundaries of Bakken and can produce oil as much as 75 to 100 miles past where Bakken production is.
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Fly direct
United Airlines announced twice daily service to Denver, Colorado much to the delight of the oil industry that frequently traffics the Rocky Mountain oil hub. Minot has been listening diligently to the needs of petroleum industry, area businesses and companies considering expansions and the additional service is a direct response to these needs. A western destination has been a big target for Minot for the past two years.
Minot will now have a total of nine direct flights to Denver, Salt Lake City and Minneapolis starting in June.
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InfoTech celebrates 5 years in Minot
Posted on 2/29/2012
BNSF expands Minot capabilities
Posted on 1/26/2012
United Pulse and Minot Ag Complex are a natural fit
Posted on 11/15/2011
Eid Passport expansion leads to redevelopment plan
Posted on 11/14/2011
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