, Feb 6 (Reuters) – Even as plunging crude
oil prices fuel anxiety in North Dakota, small business owners
in the No. 2 U.S. oil producing state say they are confident
that demand for their products and services will remain strong
enough to keep things humming.
North Dakota’s oil patch has been one of the faster-growing
U.S. regions. Small businesses employ three-fifths of the
state’s private workforce, about 195,000 people, with food
service and construction among the larger employers, according
to data from the U.S. Small Business Administration (SBA).
, Feb 5 (Reuters) – Tumbling crude oil prices
have started the clock ticking on a potential $5.3
billion, two-year tax break for North Dakota’s oil producers.
The countdown, which started this week, holds the promise of
a silver lining of sorts for oil producers and their contractors
in the No. 2 oil-producing U.S. state, many of whom have
struggled with a roughly 50 percent drop in oil prices since