In the News: The Other Side of the Oil Boom – Evictions

In the News: The Other Side of the Oil Boom – Evictions

By Sarah Holder Bloomberg Williams County, North Dakota, is one of the biggest beneficiaries of the state’s fracking boom. In the past decade, millions of barrels of oil have been pumped from its land, and the population of its largest city, Williston, has doubled. But as the oil flowed and workers poured in to staff the rigs, housing options quickly ran dry. The region’s uneven expansion has...

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SBA 504 helped West River Equipment to expand as father and son carry on family tradition

SBA 504 helped West River Equipment to expand as father and son carry on family tradition

"When we opened on the Mandan strip in 2017, we thought it would be ten to fifteen years before we ever need to move," said West River Equipment co-owner Delvin Boehm who admits its a nice challenge to confront as a small business owner.  Delvin, together with his father, Lyle, are carrying on a family tradition. Delvin's grandfather operated the first Vermeer equipment dealership in North...

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Reliable and strong partners

Reliable and strong partners

Security First Bank, Bravera Bank, and Starion Bank contributed to the Federal Home Loan Bank of Des Moines' Member Impact Fund, which resulted in CommunityWorks North Dakota receiving $80,000 in support.  Earlier this year, FHLB Des Moines selected North Dakota to part of the campaign. For a limited time, all FHLB member institutions could partner with CommunityWorks through a matching grant...

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In Depth: Data finds 66 percent of North Dakota homes are single-family

In Depth: Data finds 66 percent of North Dakota homes are single-family

(Sources & Credits: Voice of Alexandria / Construction Coverage) — New data paints a clear and not-too-attractive picture of the state of single-family housing in the United States. In recent years, rising home prices and interest rates have strained affordability throughout the United States, especially for first-time home buyers and younger families with limited budgets. North Dakota has...

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SBA 504 Loan and NDOF packed a one-two punch for one LCD Group client

SBA 504 Loan and NDOF packed a one-two punch for one LCD Group client

Bis-Man Chiropractic and Acupunture had outgrown its location. For owners Rachael and Lance Wiegel it was a good problem to have. Specializing in chiropractic care, massage, and acupunture, Bis-Man Chiropractic and Acupuncture serves patients from all ages and walks of life. The clinic also provides a community care option for veterans, a service that is near and dear to the Wiegels. Past...

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Christ and Ronda Stang found a fresh start and so much more in North Dakota

Christ and Ronda Stang found a fresh start and so much more in North Dakota

North Dakota Opportunity Fund helps Hettinger couple build a new shop for their growing hydraulics and repair business    In 2009, Christ Stang moved from California to North Dakota with a service truck, his personal belongings, and a desire to start over.  Back then, much of the national economy was mired in 'The Great Recession.' The lone exception was North Dakota, especially western North...

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Analysis: North Dakota’s economy is holding its own

Analysis: North Dakota’s economy is holding its own

By Danielle Webster Prairie Public Broadcasting North Dakota’s economy is doing as well as it can. Dr. Ernie Goss is an economics professor from Creighton University, and conducts a monthly survey of regional supply managers in nine states of the Midwest. His Business Conditions Index for the month of February indicated North Dakota’s economy expanding slightly. Any reading on the index above 50...

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SBA 504 Loan helps Elite Cabinets & Building Supply open in Watford City

SBA 504 Loan helps Elite Cabinets & Building Supply open in Watford City

Lumberyards play an under-appreciated but very critical role in local economies. The closure of one lumberyard in one community has a ripple effect throughout the surrounding region. With local choices limited, area contractors have supplies shipped in, which increases lag time for them and, most importantly, costs for clients. Contractors and residents in Watford City know this all too well,...

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In Depth: It will take some time before housing affordability improves

In Depth: It will take some time before housing affordability improves

By Casey Quinlan for the North Dakota Monitor  (Source: North Dakota Monitor) -- Inflation is slowing and job growth has surged, but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by December...

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‘Close to perfect’ financing package helped Old 10 open new Bismarck location

‘Close to perfect’ financing package helped Old 10 open new Bismarck location

When it opened in August 2019, it did not take long for Old 10 Bar & Grill to become one of the most popular eating establishments in the Bismarck-Mandan area. Prominently located on Mandan's Main Street, Old 10 became a go-to place for quick lunch, a family dinner out, and a great atmosphere to watch a game while sipping a brew.  Then the COVD pandemic hit.  “When we opened Mandan, we...

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