Overview
What is Minot Area Development Corporation?
The Minot Area Development Corporation (MADC) is a dedicated nonprofit organization situated in Minot, North Dakota. Its primary objective is to foster economic growth in the region by collaborating with investors, local authorities, and state agencies. MADC's mission is to retain, expand, start, and attract primary sector businesses in the Minot area, aiming to diversify and strengthen the local economy. By successfully recruiting and establishing various businesses, the corporation has contributed to the creation of new job opportunities within the Minot trade area, ultimately leading to a more prosperous future for the community.
Official website here: www.minotchamberedc.com
Is Minot Area Development Corporation legitimate?
Minot Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minot Area Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.minotchamberedc.com
What is the mission statement of Minot Area Development Corporation?
The Minot Area Development Corporation (MADC) is dedicated to promoting economic growth in its operations area. Its mission is to facilitate the retention, expansion, start-up, and relocation of primary sector businesses. This aim is to diversify and strengthen the regional economy. With the support of investors, local governments, and state authorities, MADC strives to create employment opportunities and ensure economic stability. Successfully recruiting, retaining, or expanding businesses in the Minot trade area has led to the creation of new jobs, thereby distributing wealth across the community, promising a more prosperous future for its residents.
Official website here: www.minotchamberedc.com
Who is the CEO of Minot Area Development Corporation?
John Macmartin is the Chairman of Minot Area Development Corporation. The CEO's salary of Minot Area Development Corporation is $0 and their total compensation is $0.
Official website here: www.minotchamberedc.com
What is the revenue of Minot Area Development Corporation?
Minot Area Development Corporation's revenue in 2021 was $0.
Official website here: www.minotchamberedc.com
Who are the executives of Minot Area Development Corporation and what are their salaries?
Here are 14 key members and their salaries (Minot Area Development Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.minotchamberedc.com
Where can I find the form 990 for Minot Area Development Corporation?
Minot Area Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.minotchamberedc.com
Learn more at the official website: www.minotchamberedc.com
Mission Statement of Minot Area Development Corporation
The Minot Area Development Corporation (MADC) is dedicated to promoting economic growth in the Minot area. With the support of its investors, the city of Minot, Ward County, and the state of North Dakota, MADC aims to retain, expand, start-up, and relocate primary sector businesses. This strategic approach is designed to diversify the region's economy, leading to increased employment and long-term economic stability. By successfully attracting and nurturing various businesses, MADC has contributed to the creation of new jobs in the Minot trade area. These new job opportunities have a ripple effect, generating wealth that ultimately benefits the entire community, promising a more prosperous future for Minot residents.
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Impact
October, 2024
The Minot Area Development Corporation (MADC) plays a pivotal role in fostering economic growth and stability in the Minot area. By actively facilitating the retention, expansion, startup, and relocation of primary sector businesses, MADC contributes significantly to diversifying the local economy. Through strategic partnerships with community stakeholders, including the city government, Ward County, and the State of North Dakota, MADC is dedicated to creating and maintaining employment opportunities that enhance the quality of life for residents.
The organization's efforts have led to the successful recruitment and expansion of various businesses, resulting in the creation of new jobs. These jobs generate wealth that circulates throughout the community, ensuring a more prosperous future for all. MADC's mission to promote economic development reinforces the strength of the Minot trade area, making it a vibrant place for both current and prospective residents.
This information is meant to be a general summary of Minot Area Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1959
Phone
(701) 852-1075Principal Officer
John Macmartin
Main Address
PO BOX 940, MINOT, ND, 587020940
Website
www.minotchamberedc.comNTEE Category
Code: S31 - Community improvement
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