Despite Oil Bust, North Dakota Still Poised to Thrive

Printer-friendly version
October 21, 2015

Some analysts project a real estate crisis, and eventually a development crisis, in North Dakota. But New Geography’s Executive Editor Joel Kotkin thinks otherwise.

“Some might argue that it’s now the turn of oil patch cities to suffer, just as they did when prices plunged back in the early 1980s, setting off a decade-long decline,” Kotkin writes. “But many of these cities have made considerable progress in economic diversification, making themselves far more attractive places for non-energy businesses.”

Examples of industries that have experienced growth in North Dakota, especially in its largest city Fargo, are business services, manufacturing, and logistics.

Read more

Comments on: "Despite Oil Bust, North Dakota Still Poised to Thrive"

August 2017

This Month in Professional Builder

Features

Gehan Homes expansion into entry-level home building through...

Overlay Init