Location of North Dakota

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.

Notable companies
     Active      State-owned      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
Eide Bailly LLP Industrials Financial administration Fargo 1917 Accounting
First International Bank Financials Banks Watford City 1910 Bank
Forum Communications 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 All Sports 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


See also

References

  1. ^ a b "How North Dakota's economy doubled in 11 years". CNNMoney. June 11, 2014. Retrieved April 18, 2019.
  2. ^ Shaffer, David (December 22, 2012). "N. Dakota population growth is tops in U.S". Star Tribune. Retrieved April 18, 2019.
  3. ^ "Stressed South Dakota farmers face continuing economic decline". Argus Leader. April 1, 2019. Retrieved April 19, 2019.
  4. ^ DeCarlo, Scott (15 July 2018). "The Fortune 2017 Global 500". Fortune.
  5. ^ "Altru's President Lunn to retire". www.grandforksherald.com. 27 February 2019. Retrieved 20 April 2019.
  6. ^ a b "Hebron Brick Supply Co". www.bloomberg.com. Retrieved 20 April 2019.
  7. ^ "JLG Architects: Number 4203 on the 2016 Inc. 5000". Inc.com. Retrieved 20 April 2019.
  8. ^ "North Dakota-Made Film Premiering in Bismarck". bismarckcafe.com. September 14, 2012. Retrieved 26 November 2012.
  9. ^ "Bloomberg - Company Overview of Noridian Mutual Insurance Company". www.bloomberg.com. Retrieved 20 April 2019.
  10. ^ "Company Overview of Red River Broadcast Company, LLC". www.bloomberg.com. Retrieved 20 April 2019.
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