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Western North Dakota Businesses Face Challenges and Opportunities

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Western North Dakota Businesses Face Challenges and Opportunities

By Daniel Hannaher
Published: October 28, 2011

SBA has been holding White House Business Council Roundtables in  rural communities throughout the Rocky Mountain region. In these open dialogs, participants often express the resilient, muted optimism of an independent citizenry recovering from an economic downturn.  Small businesses in the region face a variety of challenges, but at the same time, they are drivers of economic growth and sustainable job creation.

SBA Regional Administrator Dan Hannaher and James Laducer

I recently had the chance to visit Laducer & Associates in Mandan, ND. Laducer & Associates was chosen as one of the SBA100—one hundred firms that have created one hundred jobs since getting help from the SBA. The company started in 1985 with a four person staff. Now they have 350 employees, and are one of the leading employers in their region. As one of the nation’s largest Native American owned firms, their story shows how important SBA loans can be to a business’s growth.  They are a great example of a North Dakota business that is growing and creating jobs thanks to the SBA.

Another way we can support the western North Dakota economy is by passing the American Jobs Act. This job creation plan will provide 20,000 North Dakota small businesses with payroll tax cuts so they can hire more workers, and $20 million in infrastructure investments in the state will create new opportunities for many small firms. Despite challenges, North Dakota’s small businesses lead the way in the region’s economy. SBA is committed to giving them the tools they need to keep growing, and the American Jobs Act will do just that.

About the Author:

Daniel Hannaher

Daniel Hannaher was appointed by President Obama as SBA’s Region VIII Administrator, taking his oath of office on August 31, 2009. A native of Fargo, North Dakota, Hannaher worked in a small business for the past 33 years, serving as President of Hannaher’s Inc. an office furniture dealership purveying products and services to eastern North Dakota and western Minnesota.

Comments:

That is a great success story and they have done so well to grow from 4 employees to 350. A real inspiration for all small business owners.
And what about TX? will we have similar event this year?
So what are the results of that measures? I mean can you post here some statistics for Western North Dakota employment for 2012?
And when can we expect to see a similar event here in MN? I'd love to participate actually
I think its too general and I would like to focus more on smaller topics.
New challenges are must for the companies as they provide many of the opportunities to the organization. And the company can learn many of the different things about facing the challenges. Regards, etf news
I heard USA bring the oil from Iraq and other muslim country and deposit it. I saw a video in Youtube regarding this. Regards Atlanta Property
It's amazing that we have our own oil deposit in our country! If there's a downturn, someone forgot to tell North Dakota. CNN notes that while six-figure salaries are possible, the road to the cash isn't for everyone. North Dakota's oil boom, tied to beneficial tax laws and the presence of the Bakken oil development, have kept the state's joblessness rate at 3.5 percent, which is the lowest. The circulation of oil has brought careers, but there's a trade-off for applicants: superhuman hours, lack of housing and winter months from the bowels of hell. Article resource: North Dakota oil boom brings jobs aplenty
SBA is surely doing great jobs. I wonder in addition to its continuous supports to Small Businesses, if SBA could also promote small investors by providing them with training and counselling. See investment education is critical specially in this age of high inflation and high unemployment rate. Regards, Didar. This post was edited to remove a link. Please review our Community Best Practices for more information about how best to participate in our online discussions. Thank you.
SBA has been good for our country. Loans to small business is vitally important in establishing a stronger and more vibrant economy. What SBA is doing is the key to securing our future. I know since my business has benefited from the support that SBA has provided. Thank-you, Pete Frederick.

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