North Dakota is a state in the Midwestern United States. The development of the region's Bakken formation has led to an oil boom economy and produced one of the lowest unemployment rates in the United States and renewed population growth in the state. [1] [2] Oil and gas is now the state's largest contributor to the economy, replacing the agricultural sector. [1] [3]
Largest firms
This list shows firms in the Fortune 500, which ranks firms by total revenues reported before January 31, 2018. [4] Only the top five firms (if available) are included as a sample.
| Rank | Image | Name | Revenues (USD $M) | Employees | Notes |
|---|---|---|---|---|---|
| 560 |
|
MDU Resources | 4,443 | 10,140 | Integrated gas and electrical utility, including distribution and pipelines. The firm is also a provider of infrastructure development. |
Notable firms
This list includes notable companies with primary headquarters located in the state. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes |
|---|---|---|---|---|---|
| Alerus Financial | Financials | Banks | Grand Forks | 1879 | Bank and financial services |
| Altru Health System | Health care | Health care providers | Grand Forks | 1997 [5] | Hospitals and health care |
| Bank of North Dakota | Financials | Banks | Bismarck | 1919 | State-owned bank |
| Basin Electric Power Cooperative | Utilities | Conventional electricity | Bismarck | 1960 | Electrical cooperative |
| Basin Safety Consulting Corporation | Industrials | Business support services | Williston | 2012 | Health and safety consulting |
| Bell Bank | Financials | Banks | Fargo | 1966 | Bank |
| Blue Flint Ethanol | Utilities | Alternative electricity | Underwood | 1974 | Bioethanol plant |
| Bobcat Company | Industrials | Commercial vehicles & trucks | West Fargo | 1947 | Farm and construction equipment |
| Burger Time | Consumer services | Restaurants & bars | West Fargo | 1987 | Fast food chain |
| Cass-Clay | Consumer goods | Food products | Fargo | 1934 | Dairy |
| Cobray Company | Industrials | Defense | Westhope | 1964 | Firearms, defunct |
| Dakota Coal Company | Utilities | Conventional electricity | Bismarck | 1991 | Part of Basin Electric Power Cooperative |
| Dakota Gasification Company | Utilities | Gas distribution | Beulah | 1984 | Part of Basin Electric Power Cooperative |
| Dakota Growers | Consumer goods | Farming & fishing | Carrington | 1990 | Agricultural processing |
| Dot's Homestyle Pretzels | Consumer goods | Food products | Velva | 2012 | Snack food |
| Eide Bailly LLP | Industrials | Financial administration | Fargo | 1917 | Accounting |
| Fargo Bridge & Iron Co. | Industrials | Construction | Fargo | 1898 | Bridge construction company |
| First International Bank | Financials | Banks | Watford City | 1910 | Bank |
| Forum Communications Company | Consumer services | Publishing | Fargo | 1878 | Newspapers |
| Gate City Bank | Financials | Banks | Fargo | 1923 | Bank |
| Haxby & Gillespie | Industrials | Business support services | Fargo | 1906 | Architecture, defunct |
| Hebron Brick Company | Industrials | Building materials & fixtures | Fargo [6] | 1986 [6] | Bricks |
| Home of Economy | Consumer services | Broadline retailers | Grand Forks | 1939 | Retail chain |
| Hornbacher's | Consumer services | Food retailers & wholesalers | Fargo | 1951 | Supermarket chain |
| Hugo's | Consumer services | Food retailers & wholesalers | Grand Forks | 1939 | Supermarket chain |
| JLG Architects | Industrials | Business support services | Grand Forks [7] | 1989 | Architects |
| McKenzie Electric Cooperative | Utilities | Conventional electricity | Watford City | 1945 | Electrical cooperative |
| McLean Electric Cooperative | Utilities | Conventional electricity | Garrison | 1945 | Electrical cooperative |
| MDU Resources | Industrials | Diversified industrials | Bismarck | 1924 | Power, gas, construction |
| NoDak Films | Consumer services | Broadcasting & entertainment | Minot [8] | 2010 | Film production |
| Noridian Mutual Insurance Company | Financials | Life insurance | Fargo | 1940 [9] | Health/life insurance |
| North Dakota Mill and Elevator | Consumer goods | Food products | Grand Forks | 1922 | State-owned flour mill |
| Ntractive | Technology | Software | Grand Forks | 2006 | Software, defunct 2016 |
| Packet Digital | Technology | Semiconductors | Fargo | 2003 | Integrated circuit manufacturing |
| Pointe of View Winery | Consumer goods | Distillers & vintners | Burlington | 2002 | Winery |
| Pracs Institute | Health care | Biotechnology | Fargo | 1983 | Defunct 2013 |
| Red River Broadcasting | Consumer services | Broadcasting & entertainment | Fargo | 1980 [10] | Television |
| Scheels | Consumer services | Specialty retailers | Fargo | 1902 | Sporting goods retailer |
| Space Aliens Grill & Bar | Consumer services | Restaurants & bars | Bismarck | 1997 | Restaurant chain |
| SRT Communications | Telecommunications | Fixed line telecommunications | Minot | 1951 | Telecom cooperative |
| Straus Clothing | Consumer goods | Clothing & accessories | Fargo | 1879 | Defunct 2016 |
| Swanson Health Products | Consumer services | Specialty retailers | Fargo | 1969 | Personal care products |
| The Kegs Drive-In | Consumer services | Restaurants & bars | Grand Forks | 1946 | Restaurant |
| The Vault | Consumer services | Restaurants & bars | Valley City | 2009 | Coffee shop |
| Titan Machinery | Consumer services | Specialty retailers | Fargo | 1980 | Agricultural and construction equipment |
| Vanity | Consumer services | Apparel retailers | Fargo | 1957 | Fashion retailer, defunct 2017
|
-
Night view of drilling in the Bakken formation. -
Downtown Fargo. -
See also
References
- ^ a b "How North Dakota's economy doubled in 11 years". CNNMoney. June 11, 2014. Retrieved April 18, 2019.
- ^ Shaffer, David (December 22, 2012). "N. Dakota population growth is tops in U.S". Star Tribune. Retrieved April 18, 2019.
- ^ "Stressed South Dakota farmers face continuing economic decline". Argus Leader. April 1, 2019. Retrieved April 19, 2019.
- ^ DeCarlo, Scott (15 July 2018). "The Fortune 2017 Global 500". Fortune.
- ^ "Altru's President Lunn to retire". www.grandforksherald.com. 27 February 2019. Retrieved 20 April 2019.
- ^ a b "Hebron Brick Supply Co". www.bloomberg.com. Retrieved 20 April 2019.
- ^ "JLG Architects: Number 4203 on the 2016 Inc. 5000". Inc.com. Retrieved 20 April 2019.
- ^ "North Dakota-Made Film Premiering in Bismarck". bismarckcafe.com. September 14, 2012. Retrieved 26 November 2012.
- ^ "Bloomberg - Company Overview of Noridian Mutual Insurance Company". www.bloomberg.com. Retrieved 20 April 2019.
- ^ "Company Overview of Red River Broadcast Company, LLC". www.bloomberg.com. Retrieved 20 April 2019.
North Dakota is a state in the Midwestern United States. The development of the region's Bakken formation has led to an oil boom economy and produced one of the lowest unemployment rates in the United States and renewed population growth in the state. [1] [2] Oil and gas is now the state's largest contributor to the economy, replacing the agricultural sector. [1] [3]
Largest firms
This list shows firms in the Fortune 500, which ranks firms by total revenues reported before January 31, 2018. [4] Only the top five firms (if available) are included as a sample.
| Rank | Image | Name | Revenues (USD $M) | Employees | Notes |
|---|---|---|---|---|---|
| 560 |
|
MDU Resources | 4,443 | 10,140 | Integrated gas and electrical utility, including distribution and pipelines. The firm is also a provider of infrastructure development. |
Notable firms
This list includes notable companies with primary headquarters located in the state. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes |
|---|---|---|---|---|---|
| Alerus Financial | Financials | Banks | Grand Forks | 1879 | Bank and financial services |
| Altru Health System | Health care | Health care providers | Grand Forks | 1997 [5] | Hospitals and health care |
| Bank of North Dakota | Financials | Banks | Bismarck | 1919 | State-owned bank |
| Basin Electric Power Cooperative | Utilities | Conventional electricity | Bismarck | 1960 | Electrical cooperative |
| Basin Safety Consulting Corporation | Industrials | Business support services | Williston | 2012 | Health and safety consulting |
| Bell Bank | Financials | Banks | Fargo | 1966 | Bank |
| Blue Flint Ethanol | Utilities | Alternative electricity | Underwood | 1974 | Bioethanol plant |
| Bobcat Company | Industrials | Commercial vehicles & trucks | West Fargo | 1947 | Farm and construction equipment |
| Burger Time | Consumer services | Restaurants & bars | West Fargo | 1987 | Fast food chain |
| Cass-Clay | Consumer goods | Food products | Fargo | 1934 | Dairy |
| Cobray Company | Industrials | Defense | Westhope | 1964 | Firearms, defunct |
| Dakota Coal Company | Utilities | Conventional electricity | Bismarck | 1991 | Part of Basin Electric Power Cooperative |
| Dakota Gasification Company | Utilities | Gas distribution | Beulah | 1984 | Part of Basin Electric Power Cooperative |
| Dakota Growers | Consumer goods | Farming & fishing | Carrington | 1990 | Agricultural processing |
| Dot's Homestyle Pretzels | Consumer goods | Food products | Velva | 2012 | Snack food |
| Eide Bailly LLP | Industrials | Financial administration | Fargo | 1917 | Accounting |
| Fargo Bridge & Iron Co. | Industrials | Construction | Fargo | 1898 | Bridge construction company |
| First International Bank | Financials | Banks | Watford City | 1910 | Bank |
| Forum Communications Company | Consumer services | Publishing | Fargo | 1878 | Newspapers |
| Gate City Bank | Financials | Banks | Fargo | 1923 | Bank |
| Haxby & Gillespie | Industrials | Business support services | Fargo | 1906 | Architecture, defunct |
| Hebron Brick Company | Industrials | Building materials & fixtures | Fargo [6] | 1986 [6] | Bricks |
| Home of Economy | Consumer services | Broadline retailers | Grand Forks | 1939 | Retail chain |
| Hornbacher's | Consumer services | Food retailers & wholesalers | Fargo | 1951 | Supermarket chain |
| Hugo's | Consumer services | Food retailers & wholesalers | Grand Forks | 1939 | Supermarket chain |
| JLG Architects | Industrials | Business support services | Grand Forks [7] | 1989 | Architects |
| McKenzie Electric Cooperative | Utilities | Conventional electricity | Watford City | 1945 | Electrical cooperative |
| McLean Electric Cooperative | Utilities | Conventional electricity | Garrison | 1945 | Electrical cooperative |
| MDU Resources | Industrials | Diversified industrials | Bismarck | 1924 | Power, gas, construction |
| NoDak Films | Consumer services | Broadcasting & entertainment | Minot [8] | 2010 | Film production |
| Noridian Mutual Insurance Company | Financials | Life insurance | Fargo | 1940 [9] | Health/life insurance |
| North Dakota Mill and Elevator | Consumer goods | Food products | Grand Forks | 1922 | State-owned flour mill |
| Ntractive | Technology | Software | Grand Forks | 2006 | Software, defunct 2016 |
| Packet Digital | Technology | Semiconductors | Fargo | 2003 | Integrated circuit manufacturing |
| Pointe of View Winery | Consumer goods | Distillers & vintners | Burlington | 2002 | Winery |
| Pracs Institute | Health care | Biotechnology | Fargo | 1983 | Defunct 2013 |
| Red River Broadcasting | Consumer services | Broadcasting & entertainment | Fargo | 1980 [10] | Television |
| Scheels | Consumer services | Specialty retailers | Fargo | 1902 | Sporting goods retailer |
| Space Aliens Grill & Bar | Consumer services | Restaurants & bars | Bismarck | 1997 | Restaurant chain |
| SRT Communications | Telecommunications | Fixed line telecommunications | Minot | 1951 | Telecom cooperative |
| Straus Clothing | Consumer goods | Clothing & accessories | Fargo | 1879 | Defunct 2016 |
| Swanson Health Products | Consumer services | Specialty retailers | Fargo | 1969 | Personal care products |
| The Kegs Drive-In | Consumer services | Restaurants & bars | Grand Forks | 1946 | Restaurant |
| The Vault | Consumer services | Restaurants & bars | Valley City | 2009 | Coffee shop |
| Titan Machinery | Consumer services | Specialty retailers | Fargo | 1980 | Agricultural and construction equipment |
| Vanity | Consumer services | Apparel retailers | Fargo | 1957 | Fashion retailer, defunct 2017
|
-
Night view of drilling in the Bakken formation.
-
Downtown Fargo.
-
See also
References
- ^ a b "How North Dakota's economy doubled in 11 years". CNNMoney. June 11, 2014. Retrieved April 18, 2019.
- ^ Shaffer, David (December 22, 2012). "N. Dakota population growth is tops in U.S". Star Tribune. Retrieved April 18, 2019.
- ^ "Stressed South Dakota farmers face continuing economic decline". Argus Leader. April 1, 2019. Retrieved April 19, 2019.
- ^ DeCarlo, Scott (15 July 2018). "The Fortune 2017 Global 500". Fortune.
- ^ "Altru's President Lunn to retire". www.grandforksherald.com. 27 February 2019. Retrieved 20 April 2019.
- ^ a b "Hebron Brick Supply Co". www.bloomberg.com. Retrieved 20 April 2019.
- ^ "JLG Architects: Number 4203 on the 2016 Inc. 5000". Inc.com. Retrieved 20 April 2019.
- ^ "North Dakota-Made Film Premiering in Bismarck". bismarckcafe.com. September 14, 2012. Retrieved 26 November 2012.
- ^ "Bloomberg - Company Overview of Noridian Mutual Insurance Company". www.bloomberg.com. Retrieved 20 April 2019.
- ^ "Company Overview of Red River Broadcast Company, LLC". www.bloomberg.com. Retrieved 20 April 2019.