Economic Development

Vision

Nurture Minot's reputation as an attractive hub for economic activity and residency in North Central North Dakota.

Mission

To enhance the employment and tax base of the City of Minot through the active development development of quality projects in the neighborhoods, downtown and the entire city.  To strengthen the capacity and resiliency of the City through thoughtful assistance and proactive administration of programs.



Programs and Projects

Programs and Projects for Minot's economic and community development. This page will serve as a resource for businesses interested in Minot.

  • Parklets and Streeteries: Downtown businesses can add additional outdoor seating space using the Parklet and Streetery program.
  • Downtown Facade Improvement Program: The program will operate as a forgivable loan program that will respect the historic nature of downtown buildings while updating their functionality and energy efficiency.
  • Renaissance Zone: The purpose for the Renaissance Zone is to revitalize the once-bustling economic and social activity center of the city, which has generally deteriorated since commercial relocation began over thirty years ago. Much of the area consists older housing, commercial buildings and some industrial uses. Although, there are still housing that need exterior improvements, there is evidence of new housing construction and investment. There are also indications of investment in retail and office buildings. With the advent of streetscape improvements and new streets within much of the downtown area, more investment in terms of cosmetic exterior facade improvements would help to complete the revitalization of the area. The flood of 2011 affected many of the properties within the Renaissance Zone and for this reason, the Board is looking to the future making revisions.
  • Downtown Placemaking: Planning for a 13-acre riverside park, campground and pocket parks.

Minot Retail Dashboard

Data on Minot's demographics and potential retail business growth.

Documents

Tax and Other Incentives

  1. Renaissance Zone Application
  2. Property Tax Exemption Brochure
  3. Home Owners Exemption - Resolution 3803
  4. Builders Exemption - Resolution 3804

IEDC Documents

  1. Appendix I - Fargo Renaissance Zone Press Release
  2. Appendix II - Property Tax Value Per Acre Heat map
  3. Appendix III - Property Values Report
  4. Appendix IV - Downtown Vacant Buildings
  5. Economic Recovery and Resiliency Strategies for the City of Minot Full Report
  6. IEDC Technical Assistance Exectuvie Summary
  7. Overview and Technical Team Titles

IEDC Technical Team Reports

  1. Downtown Innovation and Incubator White Paper
  2. Downtown Opportunity White Paper
  3. Downtown Private Investment White Paper
  4. Downtown White Paper Technical Team
  5. Driving Foot Traffic Committee White Paper
  6. Financial Toolbox White Paper
  7. One Brand White Paper

Our Role

The City government of Minot performs economic development functions in collaboration with several local organizations that include the Minot Area Chamber Economic Development Corporation (MACEDC), the Souris Basin Planning Council (SBPC), the Minot Convention and Visitors Bureau, Minot State University, and the Downtown Business and Professional Association among other organizations.  

City government coordinates its activities through the offices of the City Manager and the Mayor and with city departments including Community Development, Engineering, Traffic, Public Works, Inspections Department, Assessors Department, Finance and so on. Their participation assures proactive feedback on development plans as well as an integration of incentives, where applicable.

This office supports good planning, quality development practices and processes. We are here to assist businesses through the formal processes and advise on targeted incentives.  It is our goal to make working with the City as pleasant and productive as it can be.  Towards that end the City is prepared to provide Consierge Service to provide a single point of assistance.  Please feel free to ask at 701-857-4147.

The City also works cooperatively with the State of North Dakota, Ward County and Federal government agencies such as the Small Business Development Center (SBDC) and Small Business Administration (SBA) and Economic Development Administration (EDA) in order to bring all resources to bear for the benefit of the City, its businesses and residents.

Our agency shows great respect for the planning process and its ability to guide investments and the quality of development.

Links to Partner Agencies:

Minot Area Chamber Economic Development Corporation (MACEDC)

A member-driven business advocacy organization coupled with economic development recruitment serving the Greater Minot Area.

Minot Area Convention and Visitors Bureau (MCVB)

A resource for Minot Area events and culture including the ND State Fair, Taube Museum, Rail Museum, Scandinavian Heritage Park, Hostfest and more.  Both visitors and local residents may use  

Downtown Business and Professional Association (DBPA)

The DBSA is one of several active groups representing downtown businesses that the City is committed to working with.  The City wants continuing feedback to address the needs of this special neighborhood and to make it better place to Work, Eat, Play and Learn.

Souris Basin Planning Council (SBPC)

A planning organization serving seven counties (in Northcentral North Dakota). The SBPC also performs economic and community development functions that include Revolving Loan Funds (RLFs), Interest buy downs, Community Development Block fund programs and of course, planning assistance for smaller towns.

Small Business Development Center (SBDC)

The Small Business Development Center, located in Minot, serves a multi-county area and has its offices in Minot.  It shares space with SCORE, the Service Corps of Retired Executives.  It helps develop new enterprises get off the ground and works to improve existing businesses. 

Small Business Administration (SBA)