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Invest in North Dakota advocates call for targeting Legacy Fund investments at home
By investing the Legacy Fund’s wealth on Wall Street, North Dakota is transferring economic opportunities to other states and abroad, according to advocates of using the fund to spur the state s economy.
Written By: Patrick Springer
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BISMARCK Interest is growing in using a portion of the $7.9 billion Legacy Fund’s earnings to invest in North Dakota companies and communities to boost the state’s economy.
Insurance Commissioner Jon Godfread, who serves on the State Investment Board, is pushing to have 20% of the fund’s earnings dedicated to investments in North Dakota, with 10% going to buy bonds and 10% for stock in state companies. ....

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