The North Dakota oil boom has doubled the size of nearby towns bringing overwhelming growth with many needs to be met.
Paul Hegg, the President of Hegg Companies in Sioux Falls, said cities in the heart of the oil boom region need everything, but housing is the biggest one.
"They need support services that we all continue to need on a daily basis in those markets," Paul Hegg said.
They say development is huge, which is why the Bakken and Williston Basin Conference is so important.
"Many companies throughout the region can benefit from this and can help us and make a buck for themselves creating jobs right in your own backyard if not bringing some of your companies into our community," said Tom Rolfstad, the Director of Economic Development for Williston, ND.
Rolfstad and other leaders agree this growth is happening at the right place and the right time, especially for small communities hoping to grow by 8,000 homes in just 10 years.
"That's a lot of homes to build, concrete to pour, houses to frame up, landscaping to do, there's a lot to be done there. When you have all the demand, once people get there, you have to serve them. You'll want restaurants, dentists, doctors, movie theatres, they'll want everything up there," land development representative Garett Smith said.
If you think it's too late to get involved, think again.
"There's some limit of risk in anything you do. Based on what we see up there and the infrastructure going in, it doesn't seem like it's too late to get involved. But the time is now to get involved," Hegg said.
What: The Bakken and Williston Basin Conference
When: Monday September 24th at 7:45 a.m. - 4:30 p.m.
Friday, August 1 2014 10:19 PM EDT2014-08-02 02:19:37 GMT
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