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Published May 01 2010

Trade Talk: 'Oscars for innovation event set May 18 in Fargo

Innovate ND and the Fargo Moorhead Chamber of Commerce will hold the first “Oscars” for Innovation on May 18 at the Hilton Garden Inn Hotel in Fargo.

The five winning business ideas from this year’s Innovate ND competition will be named. Each will be awarded $10,000.

The top 25 Innovate ND participants will showcase their ideas during the social and networking event.

New this year is the Innovate ND In the Zone Award, sponsored by the Kilbourne Group. The winner will receive 2,000 square feet of prime downtown Fargo retail space at no cost for one year.

The People’s Choice Award winner will also be named. Online voting for the award will run from Sunday to May 17 at InnovateND.com.

The May 18 “Oscars” event is from 4:30 to 6:30 p.m., with the awards ceremony set for 5:45 p.m.

Registration is available at FMchamber.com. The cost to attend is $20.

Marketplace for Kids comes to Moorhead

Marketplace for Kids, an educational program that encourages young entrepreneurs, is scheduled Wednesday at Concordia College.

The event provides young people a forum to present and explain their projects. It also offers classes and educational exhibits to help young people develop business skills, enhance personal development and explore career options.

The student projects will be open for public display from 9:40 a.m. to 1:30 p.m. in the Olson Forum at Concordia.

The Fargo-Moorhead education day is the largest of nine regional Marketplace for Kids events. Events have already been held in Devils Lakes, Bottineau, Dickinson, Minot, Williston and Northwood, N.D. They will be held Monday in Bismarck and Friday in Jamestown.

For more information contact Mary Haugo at (701) 356-2030 or visit www.marketplaceforkids.org.

Owner of Thai Orchid plans EGF restaurant

Fargo-Moorhead restaurant entrepreneur David Scheer is considering opening a restaurant in East Grand Forks, Minn.

Scheer – who owns Thai Orchid in Moorhead and LeeLa Thai Cuisine, two Drunken Noodles and the Wasabi sushi bar in Fargo – is negotiating a lease for a location in East Grand Forks.

He told the Grand Forks Herald that the restaurant will likely be named Little Bankok and will serve Thai cuisine and likely sushi.

Scheer said he would like to open the restaurant sometime in July.

Bank of North Dakota assets grow to $3.9B

The Bank of North Dakota turned 90 in 2009 and saw total bank assets grow to $3.9 billion.

The only state-owned bank in the nation had net earnings increase to $58 million in 2009 and loan volumes increase by $95 million.

The Bank of North Dakota was established in 1919 to provide financial services promoting agriculture, commerce and industry in North Dakota.

Hickory Tech Corp. expands to Fargo

Mankato, Minn.-based Hickory Tech Corp. is expanding its wholesale fiber-optic network to Fargo.

The company is expanding its Enventis product, which specializes in providing integrated communications solutions for businesses and regional and national service providers, said Jennifer Spaude, director of public and investor relations.

The network expansion, which also includes Sioux Falls, S.D., will add 350 fiber route miles to Hickory Tech’s existing 2,400 fiber route miles.

Spaude said Hickory Tech will not have a physical office located in Fargo.

Readers can reach Business Editor Craig McEwen at (701) 241-5502 and business reporter Tracy Frank at (701) 241-5526