June 3, 2011

Fong: Strong economy will continue in area

Fong: Strong economy will continue in area
Purchases show economic power in west

Taxable sales and purchases in Mountrail County and western North Daktoa continue increasing dramatically and tax commissioner Cory Fong says a lot of it has to do with oil activities, but there are other factors as well.
In fact, Fong said oil activity is driving other “spin-off” industry to increase its taxable sales and purchases as well, making the overall economy much more robust than anyone had earlier predicted.
“A lot of it is oil and I think this is a trend for western communities, at least for the rest of this year,” Fong said. “And major construction is going to ad to this in Williston, Stanley and New Town.”

The Weather Network