54-34.3 Division of Economic Development and Finance
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<![CDATA[CHAPTER 54-34.3DIVISION OF ECONOMIC DEVELOPMENT AND FINANCE54-34.3-01.Department of commerce division of economic development andfinance established - Mission.The department of commerce division of economicdevelopment and finance is established to assume the functions, powers, and duties of the<br>department of economic development and finance with respect to programs and other efforts<br>intended to enhance the economic development of the state. The mission of the division is to<br>develop strategies and programs to:1.Facilitate the growth, diversification, and expansion of existing enterprises and the<br>attraction and creation of new wealth-generating enterprises in the state;2.Promote economic diversification and innovation within the basic industries and<br>economic sectors of this state, including strategies and programs designed to<br>specialize and focus the state's economy on identified target industries;3.Promote increased productivity and value-added products, processes, and services<br>in the state, and the export of those goods and services by North Dakota enterprises<br>to the nation and to the world;4.Maintain and revitalize economically depressed rural areas by working in close<br>collaboration with local communities and by encouraging communities to enter into<br>cooperative relationships for more efficient and effective education, health care,<br>government service, and infrastructure maintenance;5.Forge a supportive partnership with the Bank of North Dakota, the board of higher<br>education and the state's institutions of higher education, regional planning councils,<br>local development organizations and authorities, the state's nonprofit development<br>corporations, and other appropriate private and public sector organizations in<br>achieving the economic goals of the state; and6.Identify those statutes, administrative rules, and policies that impede the attraction,<br>creation, and expansion of businesses and job creation in this state.54-34.3-02. Definitions. As used in this chapter, unless the context or subject matterotherwise requires:1."Department" means the department of commerce.2."Director" means the director of the department of commerce division of economic<br>development and finance.3."Division" means the department division of economic development and finance.54-34.3-03. Division structure. The division consists of:1.Offices established by statute; and2.Offices the director organizes and establishes as necessary to carry out most<br>efficiently and effectively the mission and duties of the division.54-34.3-04. Director - Compensation - Duties. A director shall supervise and controlthe division. The director shall:1.Manage the internal operations of the division and establish policies that promote<br>the orderly and efficient administration of the division;Page No. 12.Appoint personnel as may be determined necessary to carry out this chapter and fix<br>their compensation within the limits of legislative appropriations;3.Assume central responsibility to develop, implement, and coordinate within state<br>government a comprehensive program of economic development consistent with the<br>mission of the division;4.Coordinate that program of economic development with all other appropriate state<br>and local government departments, agencies, institutions, and organizations that<br>perform research, develop and administer programs, gather statistics, or perform<br>other functions relating to economic development, and those government entities<br>shall advise, cooperate, and provide reasonable assistance to the director in carrying<br>out this chapter;5.Advise, and cooperate with, departments and agencies of the federal government<br>and of other states, private business and agricultural organizations and associations,<br>research institutions, and any individual or other private or public entity, and call<br>upon those entities or individuals for consultation and assistance in their respective<br>fields of endeavor or interest in order that the division and the state may benefit from<br>up-to-date technical advice, information, and assistance;6.Cooperate with individuals and both public and private entities, including the state's<br>congressional delegation, in identifying and pursuing potential sources of funding<br>and to receive those funds to be expended for purposes consistent with this chapter;7.Have authority to enter into contracts upon terms and conditions as determined by<br>the director to be reasonable and to effectuate the purposes of this chapter;8.Identify and coordinate sources of capital and financial assistance, including lending<br>programs of the Bank of North Dakota, and administer programs of financial<br>assistance placed under the administration of the division, to business and industry,<br>local governments, and other entities and individuals in the state consistent with the<br>mission of the division; and9.Have authority to do any and all other things necessary and proper to carry out this<br>chapter.54-34.3-05. Finance office. Repealed by S.L. 2009, ch. 480, </p>
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