Overview of
Adding Value
Rural states have always
produced the raw commodities. But they have let others turn them into
usable goods.
Now many innovative North
Dakota entrepreneurs are creating new economic growth by adding value
to these commodities and selling these value-added products to new
markets. The economy of rural states has traditionally been driven
by the capacity to produce raw commodities or to uncover raw materials
from the land. These resources are agricultural crops, livestock,
and natural resources such as coal or oil. These raw materials represent
an unlimited number of saleable items for the entrepreneur willing
to invest the right kind of added value to turn them into unique and
marketable product.
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