USA Today posted an article about the economic boom that is currently going on in North Dakota. Yes, I did say North Dakota. Fargo has grown rapidly, reaching a population of 105,549.
The article reports:
"North Dakota is one of the nation's least diverse states. Hispanic, black and Asian residents each make up 2% or less of its population. American Indians are the largest minority group, equal to 5.4% of the population.
"The superstar of North Dakota is its economy. The state's unemployment rate hasn't touched 5% since 1987. The state's per capita income rose over the decade from 38th in the nation to 17th, the biggest advance of any state."
What is the secret of this prosperity? The article explains:
"North Dakota is enjoying an oil boom in the western part of the state, drawing workers from across the country. Williston, in oil country, grew 17.6% to 14,716. The oil windfall has created a $1 billion state budget surplus.
"Agriculture -- 90% of the state's area is used for farms and ranches -- is productive and profitable, making the state a top exporter of wheat and other crops. Federal agriculture subsidies add nearly $1 billion a year.
"North Dakota is one of the few states to add manufacturing jobs over the decade. Bobcat, maker of farm and construction equipment, is headquartered in the state."
Developing America's energy sources creates jobs, income and economic growth. How can we get Washington to follow the example of North Dakota?
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