North Dakota is one of the states that can be considered a success story, and their great results have only been happening in the last decade. There has been a lot of growth in the previous ten years, and the growth rate in North Dakota is found to have grown at triple the rate of the US average according to the Census Bureau.
This is surprising news as back in 2003, North Dakota was a one of the few US states with a declining population. This was an apparent affect on the economy and surroundings of North Dakota, and it was not uncommon to find abandoned buildings and schools littered around the landscape due to a lack up pupils or residents. In 2003, North Dakota was commonly referred to as a ghost town, and there were many families that were forced to leave the state in order to find better opportunities elsewhere.
The Change of North Dakota
North Dakota’s turning point was the technological advances thanks to the oil industry. The 200,00- square mile Bakken rock formation soon began to take a hold of the attention of people across the US bringing in workers to the state. In addition, families in North Dakota began staying in the state for the first time in over a decade. With this influx of population, the state began to see major changes in a fast amount of time.
According to propertysecrets.net, North Dakota’s population reached levels it had not seen since the 1930’s. By 2013, the state had experienced a 7.6% change, which is more than triple of the US average for the same amount of time. It is estimated that an additional 20,000 workers were recruited to work in North Dakota during that time. Because of more people staying in North Dakota and an increase of migration, the inward migration of the state became a flood and indisputably had an effect on the economy of North Dakota.
There has been a lot of growth that is connected to the Bakken Shale field, and there has been particular growth in renewable energy industries, applied manufacturing, technology, agriculture, and even aerospace. North Dakota is now known as a business friendly state that is supplied with skilled workers.
Because of this boom, the Bureau of Economic Analysis has reported the State Personal Income of 2013, which has shown North Dakota as the leading state in the nation of personal income growth. This is ranked amongst the highest for the sixth time in seven years.
This is a dramatic change for North Dakota because at one point it was the 5th poorest state in the nation. Still, there are still struggles for the state as they try to keep up with advancing on infrastructure in order to keep up with the ongoing migration to North Dakota. House prices have risen steeply with the increase of migration and economy, and developers are now building accommodation faster than ever in order to keep up with the trends in North Dakota, which could be read further at Onlet, the Online Letting Agents website.
This is surprising news as back in 2003, North Dakota was a one of the few US states with a declining population. This was an apparent affect on the economy and surroundings of North Dakota, and it was not uncommon to find abandoned buildings and schools littered around the landscape due to a lack up pupils or residents. In 2003, North Dakota was commonly referred to as a ghost town, and there were many families that were forced to leave the state in order to find better opportunities elsewhere.
The Change of North Dakota
North Dakota’s turning point was the technological advances thanks to the oil industry. The 200,00- square mile Bakken rock formation soon began to take a hold of the attention of people across the US bringing in workers to the state. In addition, families in North Dakota began staying in the state for the first time in over a decade. With this influx of population, the state began to see major changes in a fast amount of time.
According to propertysecrets.net, North Dakota’s population reached levels it had not seen since the 1930’s. By 2013, the state had experienced a 7.6% change, which is more than triple of the US average for the same amount of time. It is estimated that an additional 20,000 workers were recruited to work in North Dakota during that time. Because of more people staying in North Dakota and an increase of migration, the inward migration of the state became a flood and indisputably had an effect on the economy of North Dakota.
There has been a lot of growth that is connected to the Bakken Shale field, and there has been particular growth in renewable energy industries, applied manufacturing, technology, agriculture, and even aerospace. North Dakota is now known as a business friendly state that is supplied with skilled workers.
Because of this boom, the Bureau of Economic Analysis has reported the State Personal Income of 2013, which has shown North Dakota as the leading state in the nation of personal income growth. This is ranked amongst the highest for the sixth time in seven years.
This is a dramatic change for North Dakota because at one point it was the 5th poorest state in the nation. Still, there are still struggles for the state as they try to keep up with advancing on infrastructure in order to keep up with the ongoing migration to North Dakota. House prices have risen steeply with the increase of migration and economy, and developers are now building accommodation faster than ever in order to keep up with the trends in North Dakota, which could be read further at Onlet, the Online Letting Agents website.