News

The Lignite Research, Development and Marketing Program is accepting applications for grant round 106. The deadline for submitting applications for consideration is February 14, 2025. Applications may be submitted via email at ndicgrants@nd.gov.

BISMARCK, N.D. – The Industrial Commission reports that Standard & Poor’s (S&P) affirmed Bank of North Dakota’s (BND) credit rating as A+/Stable in its annual review released Jan. 14. 

BISMARCK, N.D. - The North Dakota Industrial Commission today approved Bank of North Dakota’s 2024 Ag Disaster Relief program to assist North Dakota farmers and ranchers statewide who were negatively impacted by extreme weather events, wildfires, inflationary input costs and volatility in commodity prices. The Bank has set aside $200 million for the program. Producers may apply through their local lender after working with them to determine if the program is appropriate for the producer’s situation.   

BISMARCK, N.D. – The North Dakota Tax Commissioner’s Office and Energy & Environmental Research Center (EERC) have released reports that forecast the economic potential of CO₂-enhanced oil recovery (CO₂-EOR) in North Dakota. These studies underscore the state’s strategic advantages in leveraging CO₂ utilization to drive sustainable energy production, economic growth and environmental benefits over the next 20 years.

BISMARCK, N.D. – The North Dakota Industrial Commission, consisting of Gov. Kelly Armstrong, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved nearly $6.3 million in matching grants during its 61^st grant round of the Oil and Gas Research Program. 

BISMARCK, N.D. – The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved $2.3 million in Outdoor Heritage Fund matching grants. This program is funded solely by oil and gas production tax revenue. The Outdoor Heritage Fund was established in 2013 to provide grants for projects that enhance outdoor conservation practices in the state.

BISMARCK, N.D. - The North Dakota Mill today reported record profits of $20.7 million for fiscal year 2024, an increase of 20.6% over profits of $17.2 million reported for fiscal year 2023.

BISMARCK, N.D. – The North Dakota Industrial Commission named Nathan Anderson as the next director of the Department of Mineral Resources (DMR) at its meeting today. Anderson succeeds former Director Lynn Helms who retired on June 30 after 26 years of service. Anderson’s start date will be Sept. 16.

BISMARCK, N.D. – The Industrial Commission approved the Rural-Workforce Initiative to Support Housing (R-WISH) pilot program at its June 26, 2024, meeting. The R-WISH pilot will support rural communities of 20,000 residents or less with construction of market rate housing for workforce when a company is locating or expanding its operations. The program will utilize up to $10 million of Bank of North Dakota (BND) capital to complement the work being done by the North Dakota Housing Finance Agency and the North Dakota Housing Initiative Advisory Committee. 

BISMARCK, N.D. – The Industrial Commission today accepted the retirement resignation letter of Todd Steinwand, President and CEO of Bank of North Dakota (BND), effective July 2, 2024. Steinwand has been with BND since 2015 when he was named the Senior Vice President and Chief Business Development Officer. He was promoted to President and CEO of the Bank in July 2021, with the retirement of Eric Hardmeyer.