Supporters of in-state investment, including lawmakers, bankers and economic development agencies, have expressed frustration that the 7% of the oil tax savings account earmarked for investment in North Dakota companies hasn't yet been put to use.
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Supporters of in-state investment, including lawmakers, bankers and economic development agencies, have expressed frustration that the 7% of the oil tax savings account earmarked for investment in North Dakota companies hasn't yet been put to use.
The North Dakota Growth Fund was created to direct Legacy Fund dollars to investments in North Dakota, with a preference to be given in that process to North Dakota financial management firms. So far we have California-based Callan recommending Chicago-based 50 South Capital which, in turn, has selected as its first investment a St. Louis-based firm with some nebulous connection to North Dakota that nobody involved in the deal is willing to define.
Supporters of in-state investment, including lawmakers, bankers and economic development agencies, have expressed frustration that the 7% of the oil tax savings account earmarked for investment in North Dakota companies hasn't yet been put to use.