Bank of North Dakota
As the only state-owned bank in the U.S., Bank of North Dakota uniquely merges the roles of a financial institution and a government agency, playing a crucial role in stabilizing the state’s economy during crises and strengthening economic growth across all industries.
Amid growing external market and political pressures critiquing agricultural and fossil fuel practices, the Bank of North Dakota was tasked by the 2023 Legislative Assembly with evaluating the complex policies and trends impacting North Dakota’s businesses and industries. This effort culminated in the creation of STAND—Sustain, Transform, and Authenticate North Dakota—a cross-sector initiative aimed at educating consumers nationwide and globally about North Dakota’s progressive practices.
A group of 27 North Dakotans, including elected officials, private industry leaders and representatives from state agencies and associations, developed STAND’s first report, with additional input from over 80 in-state and global entities. STAND is a platform for sharing authentic stories of sustainability, innovation and transformation, with a focus on energy, agriculture, conservation and carbon management.
Since presenting the report to the interim Energy Development and Transmission Committee in July, STAND has ignited meaningful discussions among industry leaders and government officials in North Dakota and beyond. The report has received widespread recognition for its comprehensive, cross-functional approach, offering a practical framework for economic advancement. Feedback has underscored STAND’s potential to drive progress in key sectors, positioning North Dakota as a forward-thinking leader in sustainability and economic transformation.
The report and website, stand.nd.gov, marks the beginning of this ongoing effort. New stories and content will continue to showcase North Dakota’s agriculture and energy sectors as environmentally responsible and economically viable, reinforcing the state’s commitment to a sustainable future.