Thursday, July 31, 2014

Williston, Minot, Dickinson (In Reverse Alphabetical Order) Qualify For Oil Funds -- July 31, 2014

The Bismarck Tribune is reporting:
Currently, three cities qualify for the hub city status: Williston, Dickinson and Minot.
Williston is listed as having 63.9 percent oil field employment, 38.9 percent in Dickinson and 12 percent in Minot.
Hub cities are eligible for $375,000 annually for each partial or full percent of its workforce employed in the oil and gas industry. School districts in hub cities are eligible for $125,000 for each partial or full percentage point.
Job Service North Dakota was required to update its numbers as part of House Bill 1358, which passed during the 2013 session. HB1358 includes a formula outlining allocations of oil and gas gross production tax allocations to various political subdivisions.
How in the world Alexander, Parshall, Dore, and Watford City were not named "hub cities," I suppose we will never know. I assume 100% of workers in Dore and Parshall work in the oil industry, except perhaps for those repairing roads and replacing windshields.

And, of course, they would not be needed if it weren't for the oil industry.