Grand Forks Economy

[The Sicatoka]

6 minutes ago, MafiaMan said:

It's unbelievable what has happened at malls all over the country since the glory days of the 1980's and early 1990's.  

Jeff Bezos believes ... 

[MafiaMan]

2 minutes ago, The Sicatoka said:

Jeff Bezos believes ... 

It's only a matter of time before he controls everything and the only way you can buy a box of cold cereal and milk is to pay him $100 and have him ship it to you.

[geaux_sioux]

1 hour ago, The Sicatoka said:

Jeff Bezos believes ... 

It’s kinda funny that he Searsed Sears and every other major retailer.

[Cratter]

Wouldn't surprise me if Cabelas closed in EGF.

Hearing lots of negative things ever since Bass Pro Shops bought it.

[nodak651]

11 hours ago, Cratter said:

Wouldn't surprise me if Cabelas closed in EGF.

Hearing lots of negative things ever since Bass Pro Shops bought it.

Negative in what way?  That place was always pretty busy from what I remember.

[SiouxVolley]

11 hours ago, Cratter said:

Wouldn't surprise me if Cabelas closed in EGF.

Hearing lots of negative things ever since Bass Pro Shops bought it.

Brass Pro Shops is much more married to superstores near interstates.  Cabelas in EGF doesn't mesh well with Bass Pro.

[Cratter]

12 hours ago, SiouxVolley said:

Brass Pro Shops is much more married to superstores near interstates.  Cabelas in EGF doesn't mesh well with Bass Pro.

These mergers/buying another company often means "ok now let's see where we can trim the fat."

Cabelas kept it's headquarters in the small town of Sidney, Nebraska throughout all it's growth. Now that they got bought out all those jobs moved or were eliminated. Went from 2,000 to 200 jobs.

Not much different than what is happening with Artic Cat.

[Frozen4sioux]

I've already noticed a plethora of changes in Cabelas that has drastically reduced my shopping through them. 

Everything seems cheaper in quality.

Unfortunately everytime I goninto the East Grand store it just "feels" like its in a death spiral.  

Does it still fall under some type of tax benefits from the city? I'd imagine that would have expired long ago.

[The Sicatoka]

On 12/5/2019 at 8:39 AM, Frozen4sioux said:

I've already noticed a plethora of changes in Cabelas that has drastically reduced my shopping through them. 

Everything seems cheaper in quality.

Unfortunately everytime I goninto the East Grand store it just "feels" like its in a death spiral.  

Does it still fall under some type of tax benefits from the city? I'd imagine that would have expired long ago.

< sung to the tune of Video killed the Radio star* > 

Amazon killed the brick and mortar store, 
Amazon killed the brick and mortar store ... 

 

 

*I found the song here.  

[JohnboyND7]

2 hours ago, The Sicatoka said:

< sung to the tune of Video killed the Radio star* > 

Amazon killed the brick and mortar store, 
Amazon killed the brick and mortar store ... 

 

 

*I found the song here.  

I'll do you one better.

[Old Fella]

37 minutes ago, JohnboyND7 said:

I'll do you one better.

Automobiles turned hoses into dog food

[Cratter]

 

[SiouxVolley]

So easy to compare and lambast Grand Forks economy to those south of us, but Fargo and Sioux Falls have two of the top four economies today.

https://www.google.com/amp/s/www.southcoasttoday.com/news/20191219/ziprecruiter-says-providence-metro-area---which-includes-new-bedford---is-nations-fourth-hottest-job-market%3ftemplate=ampart

[nd1sufan]

41 minutes ago, SiouxVolley said:

So easy to compare and lambast Grand Forks economy to those south of us, but Fargo and Sioux Falls have two of the top four economies today.

https://www.google.com/amp/s/www.southcoasttoday.com/news/20191219/ziprecruiter-says-providence-metro-area---which-includes-new-bedford---is-nations-fourth-hottest-job-market%3ftemplate=ampart

In fairness to Grand Forks, I am fairly sure the GF market wasn't included in the study.

[Cratter]

1 hour ago, nd1sufan said:

In fairness to Grand Forks, I am fairly sure the GF market wasn't included in the study.

Good job missing the point.

[Cratter]

Looks like construction has started on a new medical office park on S. Columbia Rd.

[northernraider]

Highest Paid Employees By State

http://www.espn.com/espn/feature/story?_slug_=dabo-swinney-ed-orgeron-highest-paid-state-employees&id=28261213&redirected=true

Grand Forks School Director is the highest public employee in the state.

I guess North Dakota should be glad it is not a college coach, but still surprising. 

 

[The Sicatoka]

I'm not believing that. I'm pretty sure some of the UND Med School faculty make more than what that shows. 

[northernraider]

5 minutes ago, The Sicatoka said:

I'm not believing that. I'm pretty sure some of the UND Med School faculty make more than what that shows. 

You are right, Wynn makes $695,000

[UNDBIZ]

1 hour ago, northernraider said:

Highest Paid Employees By State

http://www.espn.com/espn/feature/story?_slug_=dabo-swinney-ed-orgeron-highest-paid-state-employees&id=28261213&redirected=true

Grand Forks School Director is the highest public employee in the state.

I guess North Dakota should be glad it is not a college coach, but still surprising. 

Yeah that's not even close.

[northernraider]

Sorry for my non fact checking post. Seems ESPN really doesn't fact check either!

[SiouxVolley]

One area that Grand Forks is not keeping up with Fargo and Sioux Falls is biotech.

Aldevron is now a Fargo home-grown jewel with over a 1000 Fargo jobs.  Aldevron just signed a large contract with a large biotech to supply the plasmid for gene therapy, so its future is likely good for a longtime.

https://www.inforum.com/business/healthcare/4047111-International-firm-acquiring-majority-stake-in-Fargo-based-Aldevron

USD’s biotech center is spinning out jobs in Sioux Falls and there are other Ag biotech companies there.

https://www.argusleader.com/story/news/business-journal/2019/12/31/growing-bio-med-s-d-how-usd-center-driving-industry/2786560001/

https://www.argusleader.com/story/news/business-journal/2017/06/21/south-dakota-biotech-growing-despite-hurdles/408855001/

Grand Forks has Avianax, which has made a vaccine from goose eggs for the dog parvovirus, but not necessarily jobs, and also Novadigm, which has more or less floundered.  Biotech takes time and big money, so the area is at a disadvantage anyway.

[Vegas_Sioux]

On 12/31/2019 at 3:16 PM, northernraider said:

You are right, Wynn makes $695,000

Sens makes a lot but she gets compensated for from both the University and the State.

[Frozen4sioux]

https://www.grandforksherald.com/business/4884971-Columbia-Mall-redevelopment-could-see-action-later-this-year

I count this as an incredible amount of BS.

“We're going to have to bring some incentives to them,” he said. “And some of it might be a little bit different than what we normally do with straight property transactions.”

Give them nothing, ever. These asshats have got the city right where they want them.

[nodak651]

6 minutes ago, Frozen4sioux said:

https://www.grandforksherald.com/business/4884971-Columbia-Mall-redevelopment-could-see-action-later-this-year

I count this as an incredible amount of BS.

“We're going to have to bring some incentives to them,” he said. “And some of it might be a little bit different than what we normally do with straight property transactions.”

Give them nothing, ever. These asshats have got the city right where they want them.

Would rather see the small companies that rent out space in the mall get tax incentives.  The tax breaks that these bigger projects always seem to get are ridiculous.  If they want downtown to grow, they should tell the mall to kick sand.  Let the free market work itself out without government interference tipping the scales, especially if they want to see growth downtown.