PRAIRIE NEWSBusiness Happenings on the Northern Plains
Kraus-Anderson building classrooms in western N.D.
Kraus-Anderson Construction Co. is building 32 modular classrooms for Williston, N.D., schools in response to the oil boom town’s skyrocketing population growth.
The modular classrooms will be built on six acres on two separate sites: 24 modular classrooms at McVay Elementary and eight at the junior/senior high school. Construction started mid-May and is scheduled for completion this fall. The project will be funded from $3 million in emergency state funds.
GIF providing $2 million for NDSU center
The Growth Initiative Fund, a community revolving loan fund managed by the Greater Fargo (N.D.) Moorhead (Minn.) Economic Development Corp., is providing $2 million to support North Dakota State University’s Center for Biopharmaceutical Research and Production.
It is a portion of $9 million that the center is receiving to construct a state-of-the-art wet lab and office space in the Batcheller Technology Center at the NDSU Research and Technology Park. The center will also use a portion of the funds to recruit top-notch talent.
Wallwork Truck Center receives Gold Award
Wallwork Truck Center, in Fargo, N.D., received the Gold Award for Dealer Excellence for outstanding performance by Kenworth Dealers in the United States and Canada.
Wallwork Truck Center was among 319 truck dealers eligible for the award and is one of only six dealers to receive the award. The metrics dealers are evaluated on operational, facility strength, customer satisfaction, financial, customer truck and parts purchases and participation in helping clients finance trucks.
Pedigree Technologies is moving
Pedigree Technologies is moving its headquarters to the Urban Plains area of Fargo, N.D. Pedigree Technologies had been in the North Dakota State University Research and Technology Park in Fargo.
Since the commercial launch of its OneView application suite in 2009, Pedigree has more than doubled its customer base each year, with a 226 percent increase in 2011. The company provides cloud and tablet-based applications that locate, monitor and diagnose high-value assets, equipment and vehicles.
Massage Envy opens first North Dakota location
Massage Envy, a massage therapy provider, will open its first North Dakota spa in Fargo in the Shops at Town Center.
Massage Envy Spa offers both unique care treatments and rejuvenating massage therapy administered by professional estheticians and massage therapists. The state-of-the art clinic has 11 therapy rooms.
Forbes names NorthWestern Energy trustworthy company
Forbes has recognized NorthWestern Corp. d/b/a NorthWestern Energy as one of America’s Most Trustworthy Companies for the second time.
Forbes identified the most transparent and trustworthy businesses that trade on American exchanges. Forbes uses an independent financial analytics company, GMIRATINGS, to conduct quantitative and qualitative analysis that looks beyond the raw data on companies’ income statements and balance sheets to assess the true quality of corporate accounting and management practices.
To create the list, GMI examines more than 8,000 companies traded on U.S. exchanges and assigns an accounting and governance risk (AGR) score quarterly to each company based on a proprietary modeling methodology.
To qualify for the roster, the 100 companies (segmented by market size) all had to have market caps of $250 million or more on March 31. Over the past four quarters, the companies must have maintained conservative or average AGR ratings, and had no amended filings with the Securities and Exchange Commission, no SEC enforcement actions, and no material restatements. They also had to rank high in GMI’s Equity Risk Ranking, which indicates a positive forecast for equity returns, and have minimal likelihood of financial distress as measured by GMI.
Paulsen Marketing, SDCG receive NAMA honor
Paulsen Marketing Inc. and South Dakota Corn Growers Association were awarded the Best of Show in Advertising at the 2012 Best of National AgriMarketing Association Awards in Kansas City, Mo. The awards were presented during NAMA’s annual convention.
Paulsen Marketing and SDCG won Best of Show for producer- or company-funded advertising directed to consumers. The ag rules campaign included a video, a Bingo game, logo and the Amazing Corn Adventure interactive trailer. The campaign was directed to youth and school children in urban and rural areas of South Dakota.
Paulsen Marketing and SDCG also won a first place award in the category producer- or company-funded advertising campaign for the ag rules campaign that included the Amazing Corn Adventure interactive trailer and a first place award in the category producer-funded public relations program directed to ag audiences for the Amazing Corn Adventure interactive trailer.
In the Exhibits Category, Paulsen Marketing and SDCG won a merit award for the Amazing Corn Adventure interactive trailer. And in the unique print advertising category Paulsen Marketing and AgStar Financial Services ACA won a merit award for the Wheel Deal insert.
Eide Bailly rated 10th best
Eide Bailly LLP was recently ranked as the nation’s 10th best accounting firm in North America for quality of life issues and prestige in Vault’s Accounting Firms Rankings: 2013 Vault Accounting 50 report, up from 11th in the 2012 report. The rankings, which can be viewed at Vault.com, are a result of Vault’s annual accounting survey.
Eide Bailly moved up to third for informal training (seventh last year), and is ranked fourth for formal training (third last year). Eide Bailly jumped to third for business outlook (11th last year).
Conducted earlier this year, the survey asked more than 4,100 accountants of all levels to assess their peer accounting firms on a scale of 1 to 10 based on prestige (respondents were unable to rate their own employers and were asked to rate only firms with which they were familiar). Accountants were also asked to rank their own firm in various quality of life categories, including firm culture, compensation, overall satisfaction and work/life balance, among others. To calculate the Accounting 50 Ranking, Vault used a weighted formula that combines prestige and quality of life ratings.
Sanford receives breast care designation
Sanford Breast Health Institute has been granted a designation by the National Accreditation Program for Breast Centers, a program administered by the American College of Surgeons. Sanford Breast Health Institute met all 27 standards to receive NAPBC accreditation.
The NAPBC is a consortium of professional organizations dedicated to the improvement of the quality of care and monitoring of outcomes of patients with diseases of the breast. This mission is pursued through standard-setting, scientific validation, and patient and professional education.
NAPBC accreditation is only given to those centers that have voluntarily committed to provide the highest level of quality breast care and that undergo a rigorous evaluation process and review of their performance. The standards include proficiency in center leadership, clinical management, research, community outreach, professional education and quality improvement. A breast center that achieves NAPBC accreditation has demonstrated a firm commitment to offer its patients every significant advantage in their battle against breast disease.
Financial education, mentoring support for new and aspiring entrepreneurs
The Federal Deposit Insurance Corp. and U.S. Small Business Administration are providing new resources to support small businesses across the nation. Acting chairman Martin Gruenberg and SBAs associate administrator for entrepreneurial development Michael Chodos released Money Smart for Small Business, a training curriculum for new and aspiring business owners.
Developed in partnership between both agencies, this curriculum is the latest offering in the FDIC’s award-winning Money Smart program.
Money Smart for Small Business provides an introduction to day-to-day business organization and planning and is written for entrepreneurs with limited or no prior formal business training. It offers practical information that can be applied immediately, while also preparing participants for more advanced training. FDIC and SBA will form a training alliance for organizations that support small businesses through training, technical assistance or mentoring.
Bobcat expanding in N.D.
Bobcat Co. officials plan to create about 50 new positions for engineers and other professionals who will perform product research and development from a new Innovation Center in Bismarck, N.D. Through its partner, Menlo Worldwide Logistics, Bobcat also plans to add as many as 150 additional jobs at its Bismarck Manufacturing Support Center to expand production of the company’s compact attachments.
Work will begin on the Innovation Center in 2012 and construction will be completed by 2014. Bobcat’s transition to produce compact attachments in Bismarck will be completed in 2012.
Bobcat’s expansion plans would bring the company’s Bismarck workforce to more than 200 employees, with another 300 workers employed by Menlo. Headquartered in West Fargo, Bobcat employs about 1,850 people in North Dakota.
S.D. drops REDI fund rate
Gov. Dennis Daugaard says the 3 percent interest rate on new loans from South Dakota’s Revolving Economic Development & Initiative Fund is dropping to 2 percent.
The REDI Fund was created in 1987 under former Gov. George Mickelson to diversify South Dakota’s economy, increase capital investment and create stable jobs. The loan program is available to start-up firms, businesses that are expanding or relocating and local South Dakota economic development corporations.
The Daugaard administration says the program has created more than 30,000 jobs through 2011.
Donan Engineering opening Fargo office
Donan Engineering Co. is opening an office in Fargo, N.D., and will begin offering forensic investigative services.
Donan Engineering offers consumers a single source for forensic engineering investigations and fire origin and cause investigations. The firm offers an array of services including structural engineering investigations, fire and explosion origin and cause investigations, roofing investigations and component testing.
School of Mines named top green college
The South Dakota School of Mines and Technology in Rapid City is one of the most environmentally responsible universities in the United States and Canada, according to The Princeton Review’s new list of top “Green Colleges.”
The Princeton Review’s Guide to 322 Green Colleges: 2012 Edition selected institutions based on a survey of administrators at 768 universities and colleges. The School of Mines was the only university in South Dakota to be recognized.
Two new academic buildings on the School of Mines campus are Leadership in Energy and Environmental Design (LEED) gold certified, with one more building renovation project in the LEED certification process.
KL&J building new corporate campus
Kadrmas, Lee & Jackson, an engineering, surveying and planning firm headquartered in Bismarck, N.D., is building a new corporate campus.
The three-story building will be 80,000 square feet compared with the company’s current office which is 42,000 square feet. The new location allows KL&J to consolidate its operations in one facility. KL&Js Bismarck office currently leases office space in three locations.
Sanford, Medcenter One consider merger
Medcenter One and Sanford Health have signed a letter of intent and a memorandum of understanding and are moving forward with merger discussions. Both agreements are nonbinding, but the organizations are sharing financial, legal and business information and preparing regulatory filings with the North Dakota attorney general’s office and the Federal Trade Commission.
Medcenter One is based in Bismarck, N.D., and Sanford is headquartered in Fargo, N.D., and Sioux Falls, S.D.
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