SEPTEMBER 2022
VOL. 2, ISSUE 9
MINOT AREA CHAMBER EDC
COMMUNICATOR WWW.MINOTCHAMBEREDC.COM
Between large-scale petroleum activities, natural gas liquids feedstock opportunities, and wind power Minot continues to be an advantageous location for businesses in the energy industry. Known as the Gateway to the Bakken, Minot is home to worldwide petroleum businesses. The oil and gas development in western North Dakota has brought many new companies and a lot of people, who now call the Minot area "home." The energy industry continues to grow and thrive in the Minot Area.
Business Retention & Expansion (BR&E)
Minot offers an excellent quality of life for those in the petroleum industry and their families. Minot's thriving business climate speaks volumes about the success and dedication of the existing business base. The Minot Area Chamber EDC (MACEDC) works to preserve and strengthen Minot's existing primary sector businesses through the Business Retention & Expansion (BR&E) Program. The BR&E Program enables MACEDC to actively engage with Minot's existing primary sector businesses to ensure stability and long-term success. MACEDC serves as a resource for existing businesses by facilitating local, regional, state, and federal resources and connecting businesses with the right tools to address their needs.
Energy by the Numbers
According to the latest BR&E surveys, in 2022, Minot is home to at least 18 energy companies that employ at least 1,500 people. Energy companies are not immune to workforce development issues. There are currently over 100 unfilled positions. The last round of BR&E surveys showed the total annual sales at over $395 million.
MACEDC Energy Committee
The Minot Area Chamber EDC Energy committee is working to keep energy a vital asset for jobs, infrastructure, promotion, and the business community. This organization brings speakers and experts in the industry to work with Minot professionals and educate business leaders in Minot about the energy industry and its benefit to the local community. For additional information about the committee, reach out to the Minot Area Chamber EDC at 701-852-6000.
INSIDE THIS ISSUE: Community Leadership Institute - Page 4 Showcase of Business- Page 4 Norsk Høstfest - Page 7 New Members - Page 11 What's Happening - Page 37