Growing and expanding your business is easier in a state where land, building, utility and labor costs are extremely competitive. It costs less to do business in North Dakota than most anywhere else in the country. This all adds up to lower operational costs and higher earnings.
Click on the links below to see the cost savings associated with locating a business in North Dakota.
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Video Clip Mike Ryan
VP Global Operations Ingersoll Rand (Former CEO Bobcat)
"We have something in Ingersol Rand we call “low-cost country,” and it’s a major initiative to look globally at the products that we buy that are supplied from suppliers to us and looking for the, if you would, “low-cost country” relative to labor cost and infrastructure costs. As we do that I kid sometimes about it, but it’s a serious kidding in that indeed North Dakota is “low-cost country” because although we pay higher wages than in some places in the world, the total costs of what we do as a company here, the productivity of the people, the technical skills of the people, are more than off-setting the associated labor costs. Everyone is trying to chase labor, we are happy to stay here and take advantage of the skills of the people." |
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