Services Offered

Medium

To compliment efforts at the export-focused North Dakota Trade Office (NDTO), Commerce as a member of the board, chair of EmPower, board member of the Clean Energy Authority as well as lead economic development agency for the state will perform functions to maximize the state’s return on investment through optimizing value-added investment recruitment in the areas of energy, tech, and biotech. Put simply, the energy sector, as well as the others, are capital hungry, and Commerce would like to augment industry efforts through the discovery of new Foreign Direct Investment (FDI) opportunities to enable growth.

 

Current Services

  • Identification and engagement of compatible foreign markets and expansion ready foreign business
  • Liaison between foreign businesses and North Dakota
  • Foreign Market Research
  • Foreign Investment Mission planning and execution

 

Potential Services

  1. Foreign Entity
    • Helping set up a US business entity
    • Identifying and visiting business sites to forge relationships/partnerships
    • In-depth research on available workforce, infrastructure, taxes and more
    • Introductions to regional and local economic development partners and elected officials
    • Customized incentives to eligible businesses including financial assistance (grants, low-interest loans, tax credits, bond financing and job training)
    • Information on Foreign Trade Zones in ND
  2. North Dakota Entity
    • Foreign Market Economic Opportunity Tracking/Communication
    • Tracking of participating ND projects/businesses seeking FDI
    • Ongoing/regular project presentation to Foreign Investors
    • Tracking foreign business ownership/investments
    • International Market business engagement trainings in partnership with NDTO and US Commercial Services
    • Collaborative Investment Missions with other states (?)
  3. North Dakota
    • Global Engagement Office International Business internships/fellowships
    • International Business/Government global engagement trips
    • International Market business engagement trainings in partnership with NDTO and US Commercial Services