Taxable sales in Dunn County make record

While western North Dakota faces the Bakken oil boom, Dunn County is in the middle of an economic boom of its own and recent data has confirmed it.

graph

Of all 53 North Dakota counties, Dunn County had the third highest percentage growth of taxable sales and purchases for the second quarter of 2014.

A report issued by the North Dakota Tax Commissioner’s Office detailed the taxable sales and purchases made in April, May and June of this year, compared with the same time period in 2013 – the top three counties with the highest increase were Bottineau, Dunn and McKenzie, respectively.

This year’s second quarter for Dunn County reported taxable sales and purchases up 37 percent over 2013’s second quarter.

“The figure boils down to an increase of nearly $4 million,” explained Carie Boster, economic development director with the Dunn County JDA.

The historical numbers are equally impressive, Boster noted.

The first quarter of 2014 recorded a 69 percent increase and the 2013 annual reports showed a 10.86 percent increase over 2012.

The State of North Dakota Tax Department cautions against drawing too many conclusions from their reporting as there are a lot of dynamics that can influence sales. “If anything, this report provides an important snapshot of the economy and the general pattern for Dunn County is one of an increasing sales base,” Boster added.

While retail sales have increased around Dunn County, according to Boster, the mining, oil extraction and wholesale trade sectors for the county’s economy have more than doubled over last year’s second quarter.

Boster said those numbers represent sales that are generated inside the county, and not just from drive-through traffic.

“The increase represents the growing of industry and opportunity in the county,” she said.


Share this post

GAMES