2025-11-03T15:05:11-06:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC 2537 S UNIVERSITY DRIVE FARGO ND 58103 990EZ 2024-01-01 461988505 VALLEY PROSPERITY PARTNERSHIP VALL 7013641909 120 N 4TH ST GRAND FORKS ND 58203 CHRIS WOLF PRESIDENT 7013641909 2025-10-31 1 1 JEREMY ULMER CPA P01218756 7012802100 2025-10-31 2024 2025-03-06 01:10:19Z X X WWW.VALLEYPROSPERITYPARTNERSHIP.COM X X 10500 X 10500 10500 10500 20430 1826 32756 -22256 24658 0 2402 24658 2402 24658 2402 0 0 24658 2402 X TO IDENTIFY AND PROMOTE THE STRATEGIC ECONOMIC OPPORTUNITIES OF THE RED RIVER VALLEY REGION IN BOTH ND AND MN AND TO STRENGTHEN THE ECONOMIC OUTLOOK OF THE REGION. THE RED RIVER WATER SUPPLY PROJECT WILL PROVIDE A SUPPLEMENTAL WATER OPTION TO CENTRAL NORTH DAKOTA AND THE RED RIVER VALLEY TO MITIGATE AGAINST DROUGHT CONDITIONS THAT WOULD CAUSE COSTLY WATER SHORTAGES. THE VPP CONTINUES TO ADVOCATE FOR ACCELERATION OF THE PROJECT TO REDUCE COSTS AND PUT THE PROJECT INTO OPERATION AS SOON AS POSSIBLE. THE PROJECT IS SLATED FOR COMPLETION IN 2031 AT A COST OF $1.2 BILLION OF WHICH $953 MILLION IS STATE FUNDING AND THE REMAINDER IS COMMITTED BY LOCALITIES. THE EASTERN NORTH DAKOTA ALTERNATE WATER SUPPLY, WHICH MAKES USE OF THE MCCLUSKY CANAL AS AN ALTERNATE WATER SOURCE WILL SAVE MILLIONS OF DOLLARS IN CONSTRUCTION COSTS, AS WELL AS OPERATIONS AND MAINTENANCE COSTS.THE VPP ADVOCATED FOR THE BAKKEN EAST PIPELINE PROJECT PROPOSED BY WBI ENERGY. THIS PIPELINE, A PRIORITY FOR THE VPP, IS A FORWARD-LOOKING INFRASTRUCTURE INVESTMENT THAT WILL NOT ONLY ENHANCE ENERGY RELIABILITY ACROSS NORTH DAKOTA BUT ALSO POSITION OUR STATE AS A COMPETITIVE DESTINATION FOR FUTURE OPPORTUNITIES IN MANUFACTURING, AG PROCESSING, AND HIGH-TECH INDUSTRIES SUCH AS DATA CENTERS. BY ENSURING A STABLE SUPPLY OF NATURAL GAS, THIS PROJECT WILL: -ENABLE THE DEVELOPMENT OF ENERGY-INTENSIVE INDUSTRIES. -SUPPORT SUSTAINABILITY GOALS THROUGH CLEANER-BURNING FUEL AND LOWER EMISSIONS. -ATTRACT LONG-TERM INVESTMENT AND HIGH-PAYING JOBS TO OUR COMMUNITIES. -DIVERSIFY OUR STATE'S ECONOMY BEYOND TRADITIONAL ENERGY SECTORS.IN ADDITION TO ITS ECONOMIC BENEFITS, THE PIPELINE WILL HELP REDUCE FLARING IN THE BAKKEN, IMPROVING ENVIRONMENTAL OUTCOMES AND PRESERVING VALUABLE RESOURCES THAT WOULD OTHERWISE BE WASTED.THE AVAILABILITY, AFFORDABILITY, AND QUALITY OF CHILDCARE SERVICES IS A FORMIDABLE BARRIER TO WORKFORCE PARTICIPATION IN ALL SECTORS OF THE ECONOMY. THE VPP SUPPORTED FUNDING TO INCREASE ELIGIBILITY FOR CHILDCARE ASSISTANCE PAYMENTS (CCAP), FOR ENHANCED ASSISTANCE FOR INFANT AND TODDLERS, FOR AN EMPLOYER-LED COST-SHARE PROGRAM, FOR A NON-TRADITIONAL HOURS-OF-CARE PILOT PROGRAM, AND GRANTS FOR PROVIDER SHARED SERVICES AND START-UPS, AND FOR STREAMLINING BACKGROUND CHECKS.THE RED RIVER VALLEY CONTINUES TO FACE CRITICAL WORKFORCE CHALLENGES. THE VPP'S FOCUS IN 2024 WAS TO ADVOCATE FOR AN INCREASE OF FUNDING FOR OPERATION INTERN AND THE REGIONAL WORKFORCE IMPACT PROGRAM TO EMPOWER LOCALLY LED SOLUTIONS TO ONE OF THE STATE'S GREATEST CHALLENGES. WORKFORCE NEEDS VARY BY REGION THROUGHOUT NORTH DAKOTA, SO A ONE SIZE FITS ALL APPROACH IS UNREALISTIC AND WOULD NOT ADEQUATELY ADDRESS CHALLENGES IN ALL PARTS OF THE STATE. BY CREATING A REGIONAL FUNDING MECHANISM TO SUPPORT WORKFORCE INITIATIVES, LOCAL AND REGIONAL PARTNERS CAN ARTICULATE THEIR NEEDS AND THE ABILITY TO ACCESS FUNDING TO ADDRESS THEM. INTERNSHIPS ARE A PROVEN WAY TO CONNECT COMPANIES WITH YOUNG PEOPLE WHOSE INTERESTS AND CAPABILITIES MATCH, THEREBY FILLING JOBS IN THE STATE.THE VPP HAS ADVOCATED FOR LONG TERM, PREDICTABLE FUNDING FOR UNIVERSITY RESEARCH AND DEVELOPMENT TO ENGAGE IN INDUSTRY DRIVEN RESEARCH TO ATTRACT RESEARCH TALENT AND FUNDING FOR INDUSTRY SECTORS THAT ARE KEY TO STRENGTHENING AND DIVERSIFYING NORTH DAKOTA'S ECONOMY. THE ECONOMIC RESEARCH DIVERSIFICATION FUND WAS FUNDED AT $5.5 MILLION IN THE 2022-2023 SESSION, WITH $2.5 MILLION ALLOCATED EACH FOR NDSU AND UND, THE REMAINING TO BE SPLIT AMONG THE OTHER 9 NORTH DAKOTA UNIVERSITY SYSTEM INSTITUTIONS. IN 2024 THE VPP ADVOCATED FOR AN INCREASE OF FUNDING FOR THE ERDF TO AT LEAST $9 MILLION. THIS PROPOSED INCREASE WAS WARRANTED BY THE PROGRAM'S SUCCESS IN THE FIRST YEAR OF OPERATION.THE VPP SUPPORTED EFFORTS TO PROVIDE FUNDING FOR THE GRAND FORKS CHILDREN'S MUSEUM AND THE FARGO-MOORHEAD SCIENCE MUSEUM. THE GRAND FORKS MUSEUM IS INTENDED AS A HANDS-ON SCIENCE CENTER THAT WILL FEATURE INTERACTIVE EXHIBITS AND PROGRAMS FOCUSED ON STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS), HIGHLIGHTING REGIONAL INDUSTRIES AND RESOURCES. IN FARGO, THE FARGO-MOORHEAD SCIENCE MUSEUM IS INTENDED TO BE A REGIONAL DESTINATION FOR STEM LEARNING WITH INTERACTIVE EXHIBITS. 0 0 0 CHRIS WOLF PRESIDENT 1.00 0 0 0 KEITH LUND SECRETARY/TREASURER 1.00 0 0 0 MIKE MCLEAN DIRECTOR 1.00 0 0 0 SHANNON ROERS JONES DIRECTOR 1.00 0 0 0 JOSEPH RASO DIRECTOR 1.00 0 0 0 BARRY WILFAHRT DIRECTOR 1.00 0 0 0 SHANNON FULL DIRECTOR 1.00 0 0 0 DELORE ZIMMERMAN EXECUTIVE DIRECTOR 1.00 10500 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MN KEITH LUND 120 N 4TH ST GRAND FORKS ND 58203 7017462722 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 90000 80000 70000 58000 10500 308500 90000 80000 70000 58000 10500 308500 110960 197540 308500 0.64030 0.67700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: BOARD & COMMITTEE MEETINGS. AMOUNT: 1,284. DESCRIPTION: MARKETING. AMOUNT: 211. DESCRIPTION: TRAVEL. AMOUNT: 331. TOTAL TO FORM 990-EZ, LINE 16: 1,826. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.