Former North Dakota Gov. Ed Schafer says South Dakota business owners interested in capitalizing on the oil boom in North Dakota don't need to head north to get involved.
Schafer spoke to the business owners during the keynote speech of a conference about the Bakken oil boom and opportunities for western South Dakota businesses. The one-day conference is sponsored by Hegg Companies Inc. of Sioux Falls and the Law Bulletin Publishing Company of Chicago.
Schafer says the companies that supply labor and materials to the oil companies are pushing out to communities outside the boom in hopes of finding cheaper labor and rent.
Lyndon Bolt, owner of Bolt construction in Rapid City, says that the oil boom is giving local business owners a once-in-a-lifetime opportunity.
Most Popular Today
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls
Great Western Bank To Close Two Sioux Falls Branches
Target Plans $2B In Cost-Cutting Moves
LLoyd Scraps Plans For Former School For The Deaf
New Gymnastics Facility Holds First Classes
Citigroup Sells OneMain Financial
Fiat Chrysler Brushes Off Snow, Posts 6 Pct Us Sales Gain
- 8.Your Money Matters
Orion Franchise Opening In Dubai
- 9.Crops, Agriculture, General
Wheat Growers/North Central Leaders Explain Merger
- 10.Gas & Energy
South Dakota PUC Approves Rate Hikes For Black Hills Power