ND ranks number 1 in promoting growthA recent study done for the U.S. Chamber of Commerce has revealed that North Dakota is ranked number one in promoting growth. These studies were done for all 50 states to learn and share economic policies.
By: Victor Correa, WDAZ
A recent study done for the U.S. Chamber of Commerce has revealed that North Dakota is ranked number one in promoting growth. These studies were done for all 50 states to learn and share economic policies.
North Dakota is sometimes overlooked as a state -- we're known for farming, the severe winters and now the oil boom. But since the start of these studies North Dakota has been at the forefront of economic development.
Mark Schill, Praxis Strategy Group: "All states have their own economic DNA -- they're all a little bit different."
The Praxis Strategy Group has conducted a study of all 50 states to look at job creation, economic development and policy.
Mark: "There's still a lot to be learned from how things are structured, how things are done, how things are carried out.
North Dakota received number one rankings for long-term and short term job growth.
Mark: "You have a state where the capitol and university communities have done well for a while and then you take the slowest growing part of the state and create an economic energy boom there."
While there's no doubt that the energy boom in the west helped North Dakota achieve a top rating, some north dakotans say the state's been at the top for a while.
Barry Wilfahrt, Grand Forks/East Grand Forks Chamber President: "We have been doing very well for a long time from a job growth point of view really for the last decade even before the oil boom."
Among the number one ranks the state received are science, technology, engineering and mathematics. However, while North Dakota is number one in stem growth, it's 38th in job concentration, an area the state is looking to fix.
Barry: "I think we need to keep working in the technology area more and more and the research area are two areas that we need to continue to invest in as a state."
North Dakota also came in second, behind Washington D.C. for restaurant states.