May 14, 2010

More in Mountrail

More in Mountrail
County shows significant economic growth


Taxable sales and purchases made a generous leap in Mountrail County in 2009 and three of the county’s communities showed significant increases in taxable sales and purchases.
Stanley, New Town and Parshall all reported increases, while Mountrail County, as a whole, was up considerably compared to statistics reported from 2008. Statistically, Mountrail County showed the third highest percentage of growth behind Oliver and Logan counties.
But this county is only one slice of the North Dakota pie that continues to defy a national recession despite a 5 percent statewide decrease from 2008. Officials say oil, agriculture, tourism and retail are driving the state’s economic health, with oil and ag at the forefront.
“North Dakota experienced a record-setting year for taxable sales and purchases in 2008, and that level of growth was not sustainable,” said Tax Commissioner Cory Fong. “When we compare 2009 to 2007, which is a more typical year, spending levels grew by nearly 15 percent, signaling that North Dakota’s economy remains healthy.”

The Weather Network