Minot Area Development Corporation

United Pulse and Minot Ag Complex are a natural fit

Tue, 15 Nov 2011 00:00:00 GMT

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.

Eid Passport expansion leads to redevelopment plan

Mon, 14 Nov 2011 00:00:00 GMT

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.

Value-added Agriculture

Mon, 08 Aug 2011 00:00:00 GMT

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

Fri, 10 Jun 2011 00:00:00 GMT

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 receives MAGIC Fund Grant

Wed, 01 Jun 2011 00:00:00 GMT

Minot International Airport recently received $1.2 million from the MAGIC Fund to improve its airport. The parking lot will receive a much-needed expansion with an additional 285 parking spaces. The terminal will also receive an upgrade in an effort to accommodate growing 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.

Halliburton Construction Update

Thu, 17 Mar 2011 00:00:00 GMT

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 Passport Begins Construction

Tue, 01 Mar 2011 00:00:00 GMT

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!

Allegiant to offer Minot to Phoenix-Mesa service

Thu, 20 Jan 2011 00:00:00 GMT

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.

Minot's Strong Economy

Thu, 20 Jan 2011 00:00:00 GMT

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.

High technology company approved for Magic Funding

Wed, 20 Oct 2010 00:00:00 GMT

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.

Halliburton in Minot

Tue, 21 Sep 2010 00:00:00 GMT

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.

Port of ND begins shipping regional ag commodities to world markets

Sun, 15 Aug 2010 00:00:00 GMT

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.

Big Oil Moving Toward Minot

Thu, 05 Aug 2010 00:00:00 GMT

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.

Minot's Economy on a Roll

Sat, 08 May 2010 00:00:00 GMT

In an economy plagued by financial duress, Minot remains the exception.

After feverish oil activity in 2008, taxable sales and purchases in North Dakota fell to more normal levels last year. However, Minot's taxable sales and purchases continue to grow at record pace - up 7.8% from 2008, according to the North Dakota Tax Department. Minot Mayor Curt Zimbelman said economic growth has been good, and the figures underscore Minot as a regional service center for the part of the state that is doing very well.

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Thu, 01 Jan 2004 00:00:00 GMT

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