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Sixel Consulting and Fargo Airport Authority Update GFMEDC Board on Air Service
International and domestic boardings continue to hit record levels at Fargo's Hector International Airport - and that trend is expected to continue. That's the message from Sixel Consulting Group, the Fargo Airport Authority's air service consulting firm. Michael Lum from Sixel Consulting Group gave a presentation to the GFMEDC Board of Directors at the board's April meeting discussing the state of air service, fare structures and traffic history relative to the Fargo market. According to the consultant, while fares have been relatively low, they are starting to increase due in part to Frontier Airline's exit of the Fargo market last year and increasing fuel costs.
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GFMEDC promises $54,000 in scholarships to Minnesota State University Moorhead over four years
In an effort to increase interest in the biopharmaceutical industry and build a pipeline of students to support industry growth in the Fargo Moorhead area, the GFMEDC has promised $54,000 in scholarship money to Minnesota State University Moorhead (MSUM). The money will support nine students majoring in MSUM's Biochemistry-Biotechnology (BCBT) program. The students will each potentially receive awards totaling $6,000 over two years.
The funding will begin the summer of 2011 and conclude the summer of 2014. The money supports MSUM's recruitment efforts for the BCBT program and furthers the Cass Clay Economic Plan by strengthening collaboration between academia and industry through student involvement in research projects and internships.
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North Dakota Legislature wraps up session, Minnesota has less than one week remaining
Key provisions related to economic development that were passed in ND include:
- $12 million for Centers of Research Excellence. Legislative intent language was included that this program is ongoing.
- $50,000 in seed funding for a "2020 and Beyond" initiative.
- $1 million to the ND Development Fund for a new Small Business Technology Investment Program.
- An Automation Tax Credit that begins for the 2013 tax year.
- Income tax credit for purchases of manufacturing machinery and equipment for the purposes of automating manufacturing processes.
- Legislators passed a bill that allows for transferability of the angel fund investment tax credit and also allows pass-through entities to claim the credit.
Minnesota legislature will wrap up May 23, for more information click on www.edam.org
Budget Bill
EDND Final Report (PDF)
www.ednd.org |
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Magazine lists Aldevron as third-best place to work in industry
The Scientist, a magazine of the life sciences, lists Aldevron third overall on their list of best places to work in industry. Aldevron was also listed third in the small companies category. The report highlights Aldevron's partnerships with local academic institutions to foster research and development.
According to their website, readers working in a commercial company were invited to respond to a survey. The magazine used those survey responses to rank the companies.
Based Places to Work in Industry
http://www.the-scientist.com
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Renewable Materials Conference a Success
With roughly 120 people from several states and Canada in attendance, organizers are calling the first renewable materials summit a success. The summit focused on ways to tap into the growing industry of renewable materials.
The goal of the summit was to create awareness by showcasing the opportunities in the emerging industry. The summit also focused on identifying markets that are currently a fit for renewable materials. "People also considered it to be very informative and valuable to speak with others interested in developing projects in this market. More importantly, the energy in the room can give people momentum to continue economic development efforts centered on this industry," said Tim Welle, Project Manager at BioBusiness Alliance of Minnesota.
Read more (PDF)
www.biobusinessalliance.org |
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GFMEDC Annual Meeting
Featuring Richard Bendis
Distinguished and successful entrepreneur, international speaker and consultant in innovation and economy building, Mr. Richard Bendis is the founding president and CEO of Innovation America, a global innovation intermediary focused on accelerating the growth of the entrepreneurial innovation economy in America.
www.innovationamerica.us
May 25, 2011
noon - 1:30 p.m.
Holiday Inn
3801 13th Avenue South
Fargo, ND
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In the News...
North Dakota and Minnesota top the list for states with the healthiest housing markets
Lending Tree reviewed all 50 states and the District of Columbia based on five criteria: debt-to-income ratio, unemployment, home ownership, negative equity and average loan-to-value ratio. North Dakota was ranked #1 and Minnesota was ranked #2.
The 'New' Fargo North Dakota
The article highlights the recent rankings and national press for Fargo Moorhead and discusses the area's quality of place and strong economy.
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