If you are a North Dakota exporter, chances are you have already heard of – or are already working with – ComDel Innovation, Inc. If you have not learned of ComDel Innovation, often referred to as CDI, you may be missing an opportunity to improve your production and cut vendor costs by integrating aspects of your product development, tooling and manufacturing under one roof. Located on a 25-acre campus in Wahpeton, ND, CDI offers a variety of services including design and engineering analysis, precision machining and tooling, materials characterization, injection molding, automation applications and production machining – just to name a few.
Promotion of value-added foods in Asia will take center stage for NDTO in first quarter 2015. From March 24-27, NDTO along with the North Dakota Soybean Council, will be leading a group of small grains and food-grade soybean exporters to Singapore. On March 31, NDTO and North Dakota value-added food producers and processors will promote our high-quality foods at the 3rd Annual North Dakota-China ‘Better For You Food Ingredients’ Event in Qingdao, China.
In 2014, NDTO, with our member companies, traveled to 12 countries to promote North Dakota products and services and hosted buyers from 17 countries. We took the state’s first official trade missions to Croatia and Ghana, traveled once again to Kazakhstan, Canada and Korea, and hosted our third annual trade event in China. These initiatives, along with our ongoing educational programming, networking events, and advocacy in the areas of free trade and improved transportation, has made for a busy 2014 – and we don’t plan to slow the pace in 2015!
Centralizing firm’s presence in North Dakota enhances service capacity for local clients
The law firm of Gray Plant Mooty today announced it is opening an office in Fargo, N.D., reflecting the Minneapolis-based firm’s intention to extend its ongoing momentum in North Dakota. It signed a one-year lease, which provides flexibility to quickly move into larger space.
For five years, Andrew Venton spent more than 250 days per year traveling for international sales. At nearly every agricultural trade show and event around the world, Venton saw the same company representatives – each of them having spent thousands of dollars to promote their product at that show. In 2014, Venton, with the valued support of RDO Equipment, developed an international representative solution called NOMAD Ag Solutions to help these agricultural companies save hundreds of thousands of dollars each year on their export development programs, not to mention months of time. Then, Venton took his ‘ease-of-exporting’ mission two steps further, first by developing an entity which uses virtual technology to connect sellers with buyers overseas, then by giving global sellers a home base in Alexandria, Minnesota to provide office facilities, store, demo, assemble and retail their products.
On November 26, 2014, the Bureau of Economic Analysis of the US Department of Commerce (BEA) reinstated a reporting requirement that it suspended in 2009 for budgetary reasons. A US entity with 10% or more foreign ownership (direct or indirect) is required to file a report on Form BE-13 for many, but not all, types of foreign investment in the US, including establishing a new business, acquiring a business (either by purchasing stock or assets) or expanding an existing business.
Published in The Forum of Fargo-Moorhead Farmers’ Forum – December 5, 2014
Three North Dakota exporters will fulfill half of the total United States bean sprout quotas set by the U.S.-Korea Free Trade Agreement.
The exporters have signed contracts to export 1,600 metric tons of identity-preserved soybeans, totaling approximately $2 million, to Korea in 2015. The Korean Bean Sprouts Association plans to increase that amount in 2016, according to the North Dakota Trade Office.
The number of visits to North Dakota by international Ambassadors has increased significantly in the last five years; in the last month alone, our state has hosted Ambassadors from Belarus, Italy and Singapore. Many times these visits are sparked by the notoriety North Dakota has gained due to economic success and abundant resources, but the discussions are enriched when ties are created in industries such as unmanned aerial systems, healthcare, technologies and agriculture. As numerous dignitaries have pointed out: North Dakota is a one-stop-shop for so many countries’ needs. And, for North Dakota companies, sitting down with these world leaders opens doors to business opportunities that may never have been realized.
In September 2012 the North Dakota Trade Office was awarded a grant of $671,437 from the US Small Business Administration (SBA) to assist in expanding North Dakota’s small businesses’ exports. In just over a year, the program resulted in over $89.5 million in immediate international sales for small-to-medium sized North Dakota companies.