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Business

Leading economic vitality through retention, expansion and attraction, VCBCDC works diligently with businesses and the greater community to reach your full potential. Equally important, we prioritize quality of place, workforce, education, training and talent attraction.

Success Stories

Available Properties

Regional Technology Center
Parks at a Glance
Technology Park
I94 Regional Devleopment Corridor
Tech II

Valley City established industrial and technology parks to assist and locate new and growing companies, create career opportunities and capitalize on the region's talented workforce.

We are looking for growing companies with whom we can partner. We will work with you to understand and help solve business problems. We have the experience. Whether your company is engaged in advanced manufacturing or technology, we're ready!

I-94 Regional Corridor

Located off exit 294, the I-94 Regional Development Corridor is ready for you! - 115 Acre industrial/commercial development corridor - 20 Acres available - Fully developed industrial/commercial site with electric, water, sanitary sewer, storm sewer and concrete frontage road -Other utilities include natural gas and telecommunications -Adjacent to I-94 Business Loop/Exit 294 - Flexible lot sizes of 8 acres to 12 acres - Zoned Light Industrial - $75,000 to $125,000 per acre. Incentive pricing available. - Owned by the VCBCDC

Regional Technology Center

This well-connected facility has plenty of space that can be customized for you! - 20,000 sq. ft. Technology Center - True redundancy with dual routes through two separate service providers - Full connectivity - Two conference rooms, break room, work room, two garages, and parking - Back up generator - Secured building - Multiple service providers

Northwest Industrial Park

Adjacent to a county highway and close to a rail line, this industrial park is poised for growth! Land – 30 acres available for development Utilities -City of Valley City – 12” water main, 10” sanitary sewer main, municipal power – 25 Mega Watt substation -Montana Dakota Utilities – 3” natural gas line Burlington Northern Railroad –Main line and rail spur; easement in place to extend rail spur Roads -Connected to Main Street and the I-94 Business Loop -County Highway 22 adjacent to the site

Technology Park

This well-connected facility has plenty of space that can be customized for you! - 20,000 sq. ft. Technology Center - True redundancy with dual routes through two separate service providers - Full connectivity - Two conference rooms, break room, work room, two garages, and parking - Back up generator - Secured building - Multiple service providers

Analyzing Graphs

Financing & Incentives

Economic Development Funds

  • City sales tax and County Mill levy provide funds to primary sector businesses.

  • Can be used for equipment, real estate, working capital, job training costs and other specific needs.

Property Tax Exemption

  • Up to 100 percent property tax exemption (except land) for a maximum of 5 years.

  • Production of agricultural commodities are eligible for an extended property tax exemption of up to 100 percent for up to 5 additional years. 

PILOT (Payment in Lieu of Taxes)

  • Program can be used in addition to, or in place of, the property tax exemption. 

  • Project operator and municipality negotiate the amount of payment and the period of time which the payments will be made

  • Maximum benefit not to exceed twenty (20) years from the date project operations begin

Renaissance Zone

  • Qualified projects can receive property and income tax exemptions of 100 percent for five years if investors develop or enhance properties in the Renaissance Zone. 

  • Tax credit is allowed for income tax purposes or financial institution tax purposes for making an investment in the preservation or renovation of zone project property consisting of historic property and for investment in a Renaissance Fund Corporation. 

    • Credit is equal to 50 percent of the amount invested during the tax year.  If the credit exceeds the taxpayer’s tax liability for the tax year in which the investment is made, the amount of the credit in excess of the tax liability may be carried forward and used in the five tax years following the tax year in which the investment is made.

Tax Increment Financing

  • Future additional property taxes generated by improved property are used to finance the cost of land acquisition and improvements including infrastructure and site preparation.

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Business Climate

  Demographics  

Population

  • Valley City - 6,559

  • Barnes County - 10,806

  • North Dakota - 774,948

 

Median Age

  • 43.5

 

Labor Force

  • 5,121

Population Age Groups

  • Under 25 - 29.9%

  • 25 to 44 - 21.8%

  • 45 to 64 - 25.2%

  • 65 and older - 23.1%

Average Annual Wage

  • Barnes County - $47,424

School Fall Enrollment

  • K-12 Public School - 1,407

  • Valley City State University - 1,658

Highest Educational Attainment

  • No HS Diploma - 5.8%

  • HS Diploma or Equivalent - 29.8%

  • Some College, No Degree - 21.0%

  • Associate's Degree - 12.9%

  • Bachelor's Degree - 22.5%

  • Graduate or Professional Degree - 8.0%

Race and Ethnicity

  • White - 93.7%

  • Black or African American - 1.7%

  • American Indian and Alaska Native - 1.7%

  • Asian - 1.1%

  • Native Hawaiian and Other Pacific Islander - 0.1%

  • Other Race or Two or More Races - 1.8%

  • Hispanic or Latino - 2.4%

  • Not Hispanic or Latino - 97.6%

  Area Profile  

Per Capita Personal Income

  • Barnes County - $64,242

  • North Dakota - $60,541

 

Barnes County Land Area

 

  • Valley City - 3.14 square miles

  • Barnes County - 1,513 square miles

Climate

  • Average Winter Temperature   15 degrees F

  • Average Summer Temperature   76 degrees F

  • Average Annual Precipitation   18.9 inches

 

Largest Employers in Barnes County

  • Open Door Center

  • Valley City State University

  • John Deere Seeding Company

  • Sisters of Mary of the Presentation

  • Valley City Public Schools

  • Barnes County

  • Sheyenne Valley Special Education unit

  • Leevers Super Valu

  • ND Dept of Transportation

Housing Units

  • Barnes County - 5,675
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