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INNOVATE28 INVESTOR BRIEFING January–June 2026

TABLE OF CONTENTS VISION

2 Table of contents & Advisory Council Members 3 Advisory Letter & Message from Joe and Shannon 4 Executive Summary 5 KPI Dashboard: 2026 Goals + Progress and 2029 Goals + Progress

RESULTS AND IMPACT 6-7 8-9 10 - 11 12 - 13 14 - 15 16 - 17

Talent and Workforce: 2026 Q1 and Q2 progress Talent and Workforce: 2026 Q1 and Q2 data highlights Business Development: 2026 Q1 and Q2 progress Business Development: 2026 Q1 and Q2 data highlights Public Policy: 2026 Q1 and Q2 progress Public Policy: 2026 Q1 and Q2 data highlights

INVESTMENT AND LOOKING AHEAD 18 19 20 - 21 22 23

2026 Economic Impact Innovate28 at a Glance Investor Honor Roll From the Investors Digital Investor Briefing and Innovate28FM.com

INNOVATE28 ADVISORY COUNCIL MEMBERS GUIDING OUR VISION. SHAPING OUR FUTURE. Our advisory council members bring expertise, insight and passion that help drive progress for our metro. • Mike Arntson, Cardinal IG • Kevin Christianson, Property Resource Group • Andrew Curley, Midco • Chad Flanagan, Eide Bailly • Tony Grindberg, Cass County Commission • Colin Irvine, Concordia College • Tiffany Lawrence, Sanford Health • Paul Matthys, Cass County Electric Cooperative • Tami Norgard, Vogel Law • Jason Seger, Border States • Taya Spelhaug, Microsoft • Julie Whitney, Gate City Bank • Joe Raso, GFMEDC • Shannon Full, FMWF Chamber

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A MESSAGE FROM THE ADVISORY COUNCIL CHAIR Over the past 18 months, I have had the opportunity to see Innovate28’s work from a unique vantage point: not only through the results being delivered today, but through the regional capacity being built for tomorrow. The most encouraging sign of progress is not any single metric. It is the way business leaders and community partners are increasingly working from shared priorities, with clearer roles and greater accountability. That discipline matters. Regional growth does not come from isolated programs or short-term activity. It requires sustained coordination, informed decisions and a willingness to invest in the systems that shape long-term competitiveness. Throughout this briefing, you will see that approach taking hold. Employers and educators are aligning around shared work-based learning goals. Businesses are receiving targeted support to expand, invest and create jobs. More residents are gaining practical tools to participate meaningfully in civic life. These outcomes do more than document activity; they show a region becoming better prepared to respond to challenges and pursue opportunities. The Advisory Council’s responsibility is to help keep this work focused, responsive and ambitious. We will continue asking where our region can compete more effectively, where barriers can be removed and where stronger collaboration can produce greater returns. As investors, you should expect both ambition and accountability from Innovate28. You should see measurable progress, candid assessment and continued urgency. The work is clearly gaining traction, the foundation is strengthening and our opportunity to shape the region’s future is limitless. Sincerely,

Paul Matthys Chair, Innovate28 Advisory Council President and CEO, Cass County Electric Cooperative

A MESSAGE FROM OUR LEADERS MESSAGE FROM JOE AND SHANNON As we hit the 18-month mark of Innovate28, we are pleased to report real outcomes for our region. Your investment paired with collaboration have allowed us to set regional goals for work-based learning alongside area school districts, we’ve supported 27 projects contributing $3 billion of economic activity within the regional economy along with 47 additional projects in the pipeline, built a toolkit for employer’s to navigate civic engagement and educate more than 57,000 residents on area candidates (a fivefold increase from 2024!). Thank you to the more than 100 private companies, as well as Cass County, for investing in this critical work. As you page through this semi-annual report, you will find a strong ROI and real impact examples. We encourage you to engage with this work. With gratitude and confidence,

Shannon Full President and CEO FMWF Chamber of Commerce

Joe Raso President and CEO Greater Fargo Moorhead EDC

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EXECUTIVE SUMMARY TALENT AND WORKFORCE: Innovate28 aligns recruitment, retention and workforce development into a connected regional system that supports

long-term productivity and company growth. Through coordinated leadership, employers and workforce partners are moving from fragmented efforts to shared solutions, with strong engagement across the system in the first half of

2026. More than 75 employers participated in Workforce Breakfasts, 125 business leaders attended The Chamber’s Workforce Forum and employers continued collaborating alongside educators through Industry Sector Partnerships.

Further alignment included 32 educators participating in EDventures to strengthen career-connected learning and the launch of shared regional Work-Based Learning goals. To support talent retention and development, 19 companies continued investing in the EDC’s Culture Program while The Chamber saw 983 professional development engagements through Young Professionals Network, Women Connect, and Leadership FMWF. Together, these efforts are creating a stronger talent pipeline and positioning the Fargo-Moorhead-West Fargo region for sustained economic competitiveness.

BUSINESS DEVELOPMENT: Innovate28’s business development efforts are focused on accelerating employer growth, attracting new investment and positioning the region to compete effectively for high-impact projects. In the first half of 2026, the EDC supported 9 primary sector expansion and attraction projects, representing $47 million in capital investment, while maintaining a strong pipeline with 47 active and homestretch projects underway. Engagement with existing employers remained a priority, with 63 company engagements and 48 direct company assists delivered to help businesses navigate expansion

planning, workforce needs and site readiness. Together, these efforts underscore the role of business development as a cornerstone of shared regional growth, supporting job creation, private investment and long-term economic prosperity across the Fargo-Moorhead-West Fargo region. Since the beginning of Innovate28, the GFMEDC has supported 27 projects contributing to more than $3 billion of economic activity.

PUBLIC POLICY: Strong communities require effective public policy and engaged citizens. During the first half of 2026, The Chamber advanced regional priorities through advocacy at the local, state and federal levels while expanding opportunities for civic participation through the Center for Civic Engagement. Highlights included tracking 130 Minnesota bills while achieving a 61.5% legislative success rate, engaging nearly 100 regional leaders through advocacy visits to Washington, D.C. and St. Paul, launching VoteFMWF with 57,733 voter engagements and expanding Center for Civic Engagement business participation to 37 organizations.

ECONOMIC IMPACT: In 2025, the region saw 4,298 non-residential permits issued, representing an estimated $755 million in total value,

while more than 1.18 million square feet of commercial space and 969 multi-family units were added, reflecting

continued confidence in regional growth. Taxable sales remained strong, with $875 million in the third quarter supporting both business expansion and workforce development. With a metropolitan population of 271,870, Innovate28’s work is contributing to a business environment where growth is measurable, opportunities are expanding and the region is positioned for sustained economic success.

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KEY PERFORMANCE INDICATOR (KPI) DASHBOARD LABOR FORCE GROWTH 2026 Goals

PROFESSIONAL LEARNING AND INDUSTRY EXPOSURE THROUGH EDVENTURES CURRENT: 32 32 60

ENGAGEMENTS IN PROFESSIONAL DEVELOPMENT PROGRAMMING CURRENT: 983 0

983

500

3.1K

2K 3.1K GOAL: 3.1K

30 40 GOAL: 40

STUDENT CAREER AWARENESS OPPORTUNITIES AT THE CAREER EXPO 4,000 0

50 60 GOAL: 60

INDIVIDUAL ENGAGEMENTS WITH THE COMMUNITY CONCIERGE PROGRAM CURRENT: 4 4 40

COMPANIES ENGAGED IN CULTURE PROGRAMS CURRENT: 19 19 40 0

30 40 GOAL: 40

COMPANIES USING RECRUITMENT TOOLS CURRENT: 53 53

3K 4K GOAL: 4,000

• LAUNCHED REGION-WIDE WORK-BASED LEARNING GOALS

2029 Goals REGIONAL LABOR FORCE GROWTH CURRENT: 2,746 PERCENTAGE TO GOAL: 25.5% 2,746 12,000 0

3,000

6,000

9,000 12,000 GOAL: 12,000

• RANK IN THE TOP 25% OF SMALL METROS FOR JOB GROWTH IN THE MILKEN INSTITUTE’S BEST PERFORMING CITIES LIST (CURRENTLY 65%). • ACHIEVE A TOP 25% RANKING FOR TALENT ATTRACTION (CURRENTLY 27%) IN LIGHTCAST REPORTS.

50 70 GOAL: 70

BUSINESS DEVELOPMENT 2026 Goals

2029 Goals

EXPANSIONS AND RELOCATIONS

STRATEGIC ENGAGEMENT AND SUPPORT

COMPANY EXPANSIONS OR RELOCATIONS CURRENT: 9 9

EXISTING COMPANY ENGAGEMENTS CURRENT: 63 63

CERTIFIED SITES AVAILABLE CURRENT: 6 0

20 GOAL: 20

6 4

COMPANIES ASSISTED CURRENT: 48

6 7 GOAL: 7

COMPANY PROJECTS SUPPORTED CURRENT: 26 26 0

100

125 150 GOAL: 150

130 104 130 GOAL: 130

NEW JOBS CREATED CURRENT: 401

3,500

0 500 1,000 1,500 2,000 2,500 3,000 3,500

60 75 GOAL: 75

GOAL: 3,500

PUBLIC POLICY ALIGNMENT 2026

2029 Goals

ADVOCACY ENGAGE WITH ELECTED OFFICIALS OUTSIDE THE REGION CURRENT: 37 37 60 0

60 GOAL: 60

TOOL KIT • COMPLETED AND DISTRIBUTED AN EMPLOYER TOOLKIT

LOCAL LEGISLATORS ALIGNED WITH BUSINESS POLICIES CURRENT: 23 OF 38

COMPANIES ENGAGED WITH CENTER FOR CIVIC ENGAGEMENT CURRENT: 37 0

37 40 30 40 GOAL: 40

RESOURCE • DEVELOPED A ROBUST ELECTION RESOURCE GUIDE (VOTEFMWF2026)

25 38 GOAL: 23 OF 38

SUCCESS RATE ON BILLS ADVOCATED ON IN NORTH DAKOTA AND MINNESOTA CURRENT: 73% 0

73%

60 85 GOAL: 85%

2026 goals are to be completed by Jan 2027 and 2029 goals by Jan 2029

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TALENT AND WORKFORCE IMPACT Economic growth depends on a workforce that meets the evolving needs of employers. Through Innovate28, the Chamber and EDC are strengthening the region’s workforce system by aligning employers, educators, workforce partners, and community leaders around real-time talent needs. This work is advancing employer-driven solutions across the full talent continuum — from early career awareness and work-based learning to upskilling, talent acclimation, belonging, and leadership development.

2026 KPI PROGRESS REPORT • 53 OF 70 COMPANIES USING RECRUITMENT TOOLS Employers are fully utilizing regional recruitment resources to expand hiring reach, reduce time-to-hire and support growth.

• 983 OF 3,100 ENGAGEMENTS IN PROFESSIONAL DEVELOPMENT through Young Professionals Network,

• 19 OF 40 COMPANIES ENGAGED IN CULTURE PROGRAMS Businesses are strengthening workplace experience as a competitive advantage in a tight labor market.

learning and industry exposure through EDventures

These outcomes show employers are actively using regional tools to expand hiring reach and differentiate themselves in a competitive labor market, reducing time-to-hire and increasing growth readiness.

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Women Connect and Leadership FMWF. • 32 OF 60 EDUCATORS ENGAGED in professional • PROVIDE CAREER AWARENESS OPPORTUNITIES TO AT LEAST 4,000 STUDENTS THROUGH THE HEALTH, TECH AND TRADES CAREER EXPO In progress: The Career Expo is planned for Q4, 2026. • 4 OF 45 ENGAGEMENTS WITH THE COMMUNITY CONCIERGE PROGRAM

JAN.-JUNE HIGHLIGHTS A strong workforce is the foundation of a strong economy. During the first half of 2026, Innovate28 continued strengthening the region’s talent pipeline by aligning employers, educators and workforce partners around shared workforce priorities. Highlights included securing more than $140,000 in Regional Workforce Impact Program funding to expand employer-led Industry Sector Partnerships, convening 125 business and education leaders at the Workforce Forum, engaging 32 educators through EDventures and launching the region’s first shared Work-Based Learning goals with more than 128 employers and community leaders. Together, these efforts are helping employers attract, develop and retain the workforce needed to support long-term regional growth.

WORKFORCE RECRUITMENT AND ATTRACTION WORKFORCE READINESS

BREAKFASTS

AND

EMPLOYER

LIGHTNING RECRUITMENT

GFMEDC hosted Workforce Breakfasts, connecting HR leaders with tools, labor market data and regional resources to fill open positions and plan for future workforce needs.

Lightning Recruitment is a data-driven workforce tool the GFMEDC uses to help employers identify out-of-market talent by showing where wage and cost-of-living differences make relocation to the FM region financially attractive.

• 75 attendees across two events

• Integrates wage, occupation and cost-of-living data

• Feedback collected at each event informed followup outreach and additional information sharing with attendees.

• Identifies regions where relocation makes economic sense for job seekers • Expands recruitment beyond the local labor shed • Delivered customized reports and hands-on assistance more than a dozen times. This tool enables employers to move from reactive to proactive recruitment, supporting expansion, reducing vacancy time and strengthening the region’s labor pipeline.

EMPLOYER ALIGNMENT Effective workforce strategies begin with employers. Innovate28 creates opportunities for business leaders to identify workforce challenges, share best practices and collaborate with education and workforce partners to develop solutions that strengthen the regional talent pipeline.

INDUSTRY SECTOR PARTNERSHIPS (ISPS)

WORKFORCE FORUM

These Chamber convenings bring employers, educators and workforce organizations together to identify workforce gaps, align training programs and develop long-term talent solutions in Healthcare, Advanced Manufacturing, Agriculture and IT/Cybersecurity.

Today’s workforce challenges cannot be solved by employers alone. The Chamber’s annual Workforce Forum convenes business leaders, educators, workforce professionals and policymakers to share best practices, explore emerging trends and develop practical strategies that strengthen the region’s talent pipeline.

Through new Regional Workforce Impact Program (RWIP) funding through the North Dakota Department of Commerce, this work expanded significantly during the first half of 2026, utilizing the nationally recognized Talent Pipeline Management framework to better align education with industry demand.

This year’s forum welcomed 125 attendees and featured nationally recognized futurist Rebecca Ryan alongside interactive workshops focused on skills-based hiring and other actionable workforce solutions employers can implement immediately.

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GROWING TOMORROW’S WORKFORCE Preparing tomorrow’s workforce requires stronger connections between classrooms and careers. Innovate28 helps educators, students and employers work together to create meaningful career exploration and awareness opportunities, allowing for better alignment between curriculum and workforce needs.

EDVENTURES

WORK-BASED LEARNING

Preparing tomorrow’s workforce starts with today’s educators. The Chamber’s EDventures connects educators with regional employers through immersive workplace experiences, giving participants firsthand insight into industry trends, workforce needs and career opportunities they can bring back to their classrooms.

One of The Chamber’s most significant workforce milestones this year was the launch of shared regional Work-Based Learning goals.

This year, 32 educators visited 30 regional businesses, and 21 participants earned continuing education credits through NDSU, strengthening the connection between education and the evolving needs of employers. Additionally, through the NSF Ag Tech Engine, EDventures is being synthesized and scaled to allow for replication in other communities.

Developed collaboratively, these goals establish a more consistent approach to internships, job shadows and career exploration while reducing barriers for employers through the COMPASS platform. More than 128 employers and community leaders attended the regional rollout, creating a unified call to action to expand student career experiences across the metro. Goals: • 25% of high school seniors engaged annually in work-based learning (Approximately 600 students per year) • 650 regional businesses actively engaged in work-based learning by July 1, 2027 • 100% of students engaged in intentional career exploration experiences by graduation

RETAINING AND DEVELOPING TALENT Recruiting talent is only part of the equation. Helping people build relationships, develop professionally and feel connected to the community is essential to long-term workforce success. .

COMMUNITY CONCIERGE The Chamber’s Community Concierge and Icebreakers programs continue helping employers recruit and retain talent by introducing candidates and their families to the community. With hiring having slowed down in the first half of this year, usage of the Community Concierge hasn’t been as strong as predicted or in previous years.

TALENT DEVELOPMENT & RETENTION PROGRAMS The Chamber’s professional development programs continued to strengthen the region’s workforce. Women Connect, Young Professionals Network and Leadership FMWF engaged 983 individuals in the first half of 2026. These are meaningful opportunities to connect with other professionals and gain skills which lead to employee retainment and development.

CULTURE PROGRAM AND EMPLOYER EXPERIENCE Nineteen companies are engaged in the GFMEDC’s Culture Program a virtual and in-person networking space where human resource professionals can learn from each other, explore different aspects of company culture and share best

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practices. In the first half of 2026, the group connected to learn from Julie Peterson-Klein, Bell Bank, in an inaugural inperson networking event for the program. The group gained insights on building culture through leadership, the impact of storytelling, and the power of small details.

WORKFORCE WORKING GROUP More than 20 people joined the GFMEDC for the launch of the Workforce Working Group. We’re grateful to grab the region’s best talent to brainstorm ways to strengthen the region’s workforce attraction efforts. Leveraging public, private and higher education partners, this first meeting laid the groundwork. We talked about how the GFMEDC takes a data-driven approach to support the attraction, expansion and retention of talent. This group, along with the GFMEDC’s Business Development and Data focused Working Groups will serve as a bridge between public, private and institutional partners—ensuring the region presents a unified and competitive value proposition to both prospective and existing companies. Designed as collaborative, action-oriented platforms, they will align regional partners around key priorities in workforce attraction, development and retention.

IMPAC T IN ACTION INSIDER ACCESS:

WORK-BASED LEARNING – FROM INTEREST TO IMPACT On April 24, the Fargo Moorhead West Fargo Chamber convened business leaders, school administrators and workforce partners for Insider Access: Work-Based Learning – From Interest to Impact, focused on expanding employer engagement. This work is an integral outcome of Innovate28. Through Industry Sector Partnerships, employers identified early career exposure, stronger education alignment and consistent work-based learning pathways as critical to the region’s future workforce. In response, the Chamber and its partners moved from listening to action. Work-based learning helps students connect classroom learning to real careers through internships, mentorship, job shadows, career exploration and other hands-on experiences. As Dr. Denise Jonas, Executive Director of the Cass County Career and Technical Education Center, shared, “This is a shortterm conversation with a long-term investment.” The event brought together regional education leaders to demonstrate shared commitment and unveil regional goals: engaging 25% of high school seniors annually, approximately 600 students per year; engaging 650 regional businesses by 2027; and ensuring 100% of students participate in intentional career exploration before graduation. Employers and students shared examples of workbased learning in action, showing that businesses can participate in ways that fit their capacity and workforce needs. Drake Nostrum, a student working with First International Bank & Trust, captured the value clearly: “There’s no class that can truly replicate a job.” The event concluded with a commitment moment inviting businesses to explore or expand work-based learning through Compass by Golden Path Solutions. That work continues as the Chamber and partners help employers identify opportunities, navigate tools and implement experiences that fit. For Innovate28 investors, this demonstrates how employer insight becomes coordinated regional action that prepares the next generation of talent.

IMPAC T IN ACTION LIGHTNING RECRUITMENT - PACKET DIGITAL When primary-sector companies like Packet Digital reach out for immediate help recruiting talent, we use our data tools to dig in and connect them to potential talent. After meeting with team members from Packet Digital, the GFMEDC went to work locating two Midwest layoffs of potential interest, narrowing the search to degrees matching the positions Packet Digital was looking to fill. The GFMEDC analyzed data for two positions. Key data points the team reviewed were: 1. Wages offered in this market for candidates with the same background and skills 2. The number of individuals employed in this market as compared to similar markets 3. Number of employers looking for talent and number of unique job postings GFMEDC provided the company with contact information for more than 100 individuals. The GFMEDC team also provided information on relevant state programs that the company can use to attract and retain talent as well as tools like our Live in FM Area website which provides relevant information on the region’s quality of life. “The Lightning Recruitment support provided our team with valuable labor market intelligence that would have taken significant time and resources to gather on our own. The combination of candidate sourcing, regional recruitment mapping, layoff targeting opportunities, and workforce program information helped us develop a more strategic approach to filling critical production machine operator positions.” – Carter Blotske Human Resources Specialist, Packet Digital Additionally, the GFMEDC provided support close to a dozen times to companies in the first half of 2026.

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BUSINESS DEVELOPMENT IMPACT Through Innovate28, the region’s business development system, led by the Greater Fargo Moorhead Economic Development Corporation (GFMEDC) in close alignment with regional partners, ensures companies can expand, locate and invest with confidence, speed and long-term certainty.

OUTCOMES AND INFLUENCE

2026 YEAR-TO-DATE KPIS • 9 OF 20 COMPANY EXPANSIONS OR RELOCATIONS • 63 OF 150 STRATEGIC ENGAGEMENTS with existing

companies to support their growth

• ASSIST 48 OF 75 COMPANIES with various business

issues • 6 OF 7 CERTIFIED SITES available for development

through the calendar year

JAN.–JUNE HIGHLIGHTS

BUSINESS DEVELOPMENT SMARTBOOK

WORKING GROUP

The GFMEDC released its biennial SmartBook, the region’s go-to resource for business incentives, workforce programs, and economic development tools across North Dakota and Minnesota. The SmartBook is a strategic guide designed to help local businesses, entrepreneurs, site selectors, and community partners understand and navigate the array of state and local business programs that support key company growth and expansion. Whether you’re exploring capital investment opportunities, workforce solutions or incentive programs, this resource brings clarity to complexity.

More than 30 people joined the GFMEDC for the launch of our Business Development Working Group. We're grateful to grab the region's best talent to brainstorm ways to strengthen the region's business development efforts. Leveraging public, private and higher education partners, this first meeting laid the groundwork. We talked about how the GFMEDC takes a data-driven approach to support the attraction, expansion and retention of primary-sector companies which includes supporting the region's robust entrepreneurial ecosystem. This group, along with the GFMEDC’s Workforce and Data focused Working Groups will serve as a bridge between public, private, and institutional partners—ensuring the region presents a unified and competitive value proposition to both prospective and existing companies. Designed as collaborative, action-oriented platforms, they will align regional partners around key priorities in business attraction, expansion, and retention.

• Up-to-date incentives and programs offered by both North Dakota and Minnesota – from tax credits and grants to workforce support options. • Highlights on new programs reflecting the most recent legislative changes. • Eligibility guidelines and application timing recommendations – designed to help businesses plan effectively and take full advantage of available resources. • Important reminders and best practices, such as early engagement with the GFMEDC staff to maximize program benefits and avoid common application pitfalls.

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BUSINESS EXPANSION AND RELOCATIONS The GFMEDC is dedicated to driving economic growth by helping primary-sector companies and those considering our region, access the resources, insights and connections they need to succeed. Whether we’re supporting local businesses in expansion or attracting new companies to the market, we know that growth decisions are shaped by many factors. Sometimes, a single introduction or opportunity can be the spark that drives major investment. We connect businesses to valuable information, strategic partners and growth opportunities that turn potential into progress. The result? More wealth, more jobs and a stronger regional economy. Despite national and global challenges, our region has experienced continued success with 9 successful projects toward the 2026 goal of 20:

TOTAL SUCCESSFUL 2026 PROJECTS JAN.-JUNE 1. Norwood Sales (ag equipment manufacturing)

6. Najaxa Software (software/IT)

2. Adams Independent Testing (scientific testing)

7. Fargo Steel Fabrication (manufacturing)

3. Sign Solutions USA (manufacturing)

8. Abbiamo Pasta (value added Ag Processing)

4. TrueNorth Steel (manufacturing)

9. Superior Inc. (manufacturing)

5. aerialPLOT (AgTech - attraction)

NOTABLE RECRUITMENT PROJECTS BY REGION Business Recruitment projects below are a result of recruitment efforts such as attending events. Projects are coming from the regions noted. • Local – 13 manufacturer expansions, powder coat expansion, spine surgery medical device, ag equipment manufacturer • International – Medical devices (Israel, Norway, Singapore), lightweight utility vehicle (Canada), spinal surgery tech (Israel), UAS Manufacturing (Korea) • Midwest – Sustainable aviation fuel project, software/tech (Minneapolis), ag robotics manufacturing (Kansas), cellular biologics (MN) • West – Ag robotics manufacturing (Washington), AgTech diagnostics (California) • East – Ag biologicals manufacturing (New England), Value-added ag processing facility (Delaware), Pharma tech (New York) • South – pharmaceutical production (Texas)

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BUSINESS DEVELOPMENT PERFORMANCE (2026) • $47M Capital Investment • 97 Direct New Jobs • 242K Square Feet • 48 Company Assists • 63 Company engagements • 6 Document Ready Sites

ACTIVE PIPELINE AND PROSPECTS • 47 active and homestretch projects in progress, from a

new ag biologics production operation to international drone manufacturing relocation • Potential impacts: 503,126 sq. ft. space, 312 jobs,

$103.6 million capital investment • 21 active targeted sector prospects through partners

such as Grand Farm, North Dakota State University, Gener8tor, Canadian Consulate, Cultivate Conference, Autonomous Nation, Prairie Capital Summit and the World AgriTech Summit. Targeted sectors include: • AgTech (4) • Bioscience / Medical Device (8) • UAS / Autonomous Systems (2)

ONGOING COMPANY ASSISTS The GFMEDC’s support of business is not exclusively limited to supporting workforce needs or business expansion projects. The team provides primary-sector companies with a wide range of support. These smaller assists happen regularly over time, and the support provided to companies paves the way for expansions and job creation down the road. So far in 2026, we’ve completed 48 (against our goal of 75) Assists with the top five themes of the assists being: 1. Workforce Development & Talent Recruitment 2. Business Introductions & Strategic Connections 3. Marketing & Business Promotion 4. Funding, Incentives & Certification Assistance 5. Entrepreneurship & Business Growth Support

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IMPAC T IN ACTION

RECRUITING AERIALPLOT, A CASE STUDY THROUGH THE EYES OF A CLIENT

The Challenge

Putting Down Roots

In 2023, aerialPLOT, an agriculture and technology company, was at a crossroads. Leadership knew they needed an intellectual hub to anchor their growth, but where? The list of candidates was long: Chicago, Minneapolis, St. Louis, Madison, Des Moines, Omaha or staying in Ohio. Each city offered something, but none felt like the right fit.

When aerialPLOT started to say let’s evaluate this further and see what is possible, they wanted to debt finance some growth. Ryan introduced the company to area lenders and connected them with BND. Accessing affordable working capital to scale was a critical component in advancing key decisions. Ryan was there helping the whole time.

Minneapolis made an early run. The team explored the market and even made soft attempts to hire there, but, after a closer look, the benefits didn’t outweigh the costs. The large labor market was appealing, but little else distinguished it as the right home for an AgTech company with big ambitions.

GFMEDC introduced aerialPLOT to several real estate office options, including Roers Company, where they became one of the first tenants at The Cove, a flexible space offering room to grow that reflects the innovative, forward-thinking culture aerialPLOT is building.

The Connection

And as the company settled in, GFMEDC made one more connection introducing aerialPLOT to Grand Farm, the region’s premier AgTech initiative. aerialPLOT joined as a sponsor, further embedding themselves in the fabric of the FM region’s growing AgTech ecosystem.

The turning point came at the World AgriTech Summit in 2024, when Kris Poulson, CEO of local agtech company FarmQA, suggested aerialPLOT take a serious look at Fargo and North Dakota. He made the same recommendation again in 2025 — and this time, aerialPLOT was ready to listen. Because of existing relationships, Poulson pointed them to Ryan Aasheim at GFMEDC as the best place to start.

Workforce Support

The GFMEDC Difference

As aerialPLOT has begun building out their team, the GFMEDC has been there communicating, connecting, and promoting positions and identifying candidates to fill several key roles including Business Manager, Agronomy Software Engineer and Senior Agronomic Solutions Manager.

From the first conversation, GFMEDC’s Ryan didn’t just answer questions, he opened doors.

The Result

After learning about aerialPLOT’s needs and growth goals, Ryan coordinated a series of follow-up meetings with North Dakota Department of Commerce and Bank of North Dakota (BND), helping the team quickly understand what the state had to offer that met their strategic priorities.

What started as a casual conversation at a national conference became a full relocation supported at every stage by GFMEDC.

What followed was a single introductory meeting that set everything in motion.

When aerialPLOT returned to Fargo for the Prairie Capital Summit in October 2025, Ryan was there making introductions, championing the company, and connecting leadership with the right people at every turn.

“GFMEDC was the key throughout the whole process. They’ve connected us at every stage, been an ongoing resource, and continue to guide us through our move and hiring process.” – Gary Nijak, COO at aerialPLOT

“Ryan introduced me to everyone and was a great champion during the conference.” – Gary Nijak, COO at aerialPLOT

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PUBLIC POLICY AND CIVIC ENGAGEMENT IMPACT PUBLIC POLICY AND ADVOCACY STRENGTHENING THE SYSTEMS THAT POWER REGIONAL GROWTH Strong communities and thriving economies depend on effective public policy and engaged citizens. Through advocacy and the Center for Civic Engagement, The Chamber is strengthening the region’s voice by advancing business priorities, fostering informed civic participation and creating opportunities for business leaders and residents to engage directly with the public officials and policy decisions shaping the future of the Fargo-Moorhead-West Fargo region.

2026 YEAR-END KPIS • ENGAGED WITH 37 OF 60 elected officials outside the

region • ENGAGED WITH 37 OF 40 companies with the Center

• COMPLETED AND DISTRIBUTED an employer toolkit • DEVELOPED A ROBUST ELECTION RESOURCE GUIDE

(VoteFMWF2026)

for Civic Engagement

JAN.-JUNE HIGHLIGHTS

PUBLIC POLICY AND ADVOCACY Strong communities require strong advocacy and civic leadership. Throughout the first six months of 2026, The Chamber represented regional business priorities at the local, state and federal levels, advancing policies that strengthen infrastructure, workforce, economic competitiveness and quality of life. Advocacy efforts included engagement with policymakers across North Dakota, Minnesota and Washington, D.C., while expanding business participation through the Center for Civic Engagement. • Monitored 130 Minnesota bills, actively engaging on 13 priority issues, achieving a 61.5% legislative success rate. • Nearly 100 regional leaders participated in the Washington, D.C. Business Fly-In and Moorhead and Detroit Lakes Area Day at the Capitol events. • 57,733 engagements on Vote FMWF (more than a fivefold increase from 2024) • Hosted candidate debates reaching more than 300 in-person attendees and 3,900+ online viewers. • E xpanded Center for Civic Engagement engagement from 26 to 37 organizations.

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ADVOCACY Public policy plays a critical role in shaping the region’s economic future. The Chamber advocates on behalf of the business community by strengthening relationships with policymakers, creating opportunities for business leaders to directly engage with elected officials and advancing policies that foster economic growth and opportunity.

MINNESOTA LEGISLATIVE SESSION

2026 Notable Outcomes

The Chamber was actively engaged throughout the 2026 Minnesota Legislative Session, advocating for policies that strengthen the business climate and support long-term growth across Moorhead and the Clay County region.

•S ecured $10 million for the Fargo-Moorhead Diversion Project

Prior to session, The Chamber convened nearly 40 business leaders for a Minnesota Legislative Session Preview with four Clay County legislators, providing insight into key policy priorities before lawmakers returned to St. Paul. Throughout the session, The Chamber coordinated advocacy efforts with regional and statewide partners, met directly with legislators, agency leaders and executive branch officials, submitted committee testimony, and in partnership with the Detroit Lakes Chamber, hosted nearly 50 regional business and community leaders for the annual Day at the Capitol. Together, these efforts elevated regional priorities and strengthened relationships with policymakers at every level.

•S trengthened Minnesota’s Sustainable Aviation Fuel Tax Credit

2026 Session Engagement

FARGO INFRASTRUCTURE SALES TAX EXTENSION

• Tracked 130 bills affecting the business community

The Chamber led a coalition of more than 17 private companies in supporting the extension of Fargo’s one cent Infrastructure Sales Tax, to help secure continued investment in critical infrastructure. The ballot question passed overwhelmingly with 72% voter approval. This continued investment will support Fargo’s long-term growth, competitiveness, and quality of life.

• Actively engaged on 13 priority bills • Achieved a 61.5% legislative success rate

•S ecured $1.8 million for the Clay County Non-Secure Juvenile Detention Facility

•P assage of federal tax conformity •E xtended Pass-Through Entity Tax for one year •D efeated proposed business tax increases and mandates

WASHINGTON, D.C. FLY-IN Nearly 50 business and community leaders traveled to Washington, D.C. to advocate directly with members of Congress and federal officials on priorities including workforce, immigration, agriculture, artificial intelligence, military support and economic competitiveness.

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CIVIC ENGAGEMENT STRENGTHENING THE CIVIC CAPACITY THAT SUPPORTS ECONOMIC GROWTH Long-term regional success depends on informed, engaged citizens and employers. The Chamber’s Center for Civic Engagement continued expanding opportunities for businesses and residents to become more involved in the democratic process while maintaining a nonpartisan approach to civic education.

CENTER FOR CIVIC ENGAGEMENT PROGRAMMING The Center for Civic Engagement continued expanding its reach in 2026 by equipping individuals, employers and future leaders with the knowledge and resources to become more active participants in civic life. Programming, including the Candidate Workshop series, Civics on Tap and Civics 101, helped demystify public service, strengthen civic knowledge and encourage greater community involvement. At the same time, continued employer outreach and educational presentations expanded awareness of the Center’s mission and created new opportunities for business-led civic engagement. Collectively, these efforts reached nearly 150 individuals through presentations and programming, engaged leaders from more than 15 organizations and increased business engagement to 37 organizations.

VOTEFMWF Another major milestone this year was the launch of VoteFMWF, The Chamber’s nonpartisan voter education platform. VoteFMWF was created to equip voters across our region with unbiased information on candidates, races, ballot measures and voting procedures, with a particular emphasis on the local races that often receive less attention such as city and county commission, park board, school board, etc. Through candidate profiles, election guides, voter preparation resources, email communications, organic social media and paid digital advertising, the platform significantly expanded voter outreach and engagement across the region.

•5 7,733 total page views (more than a fivefold increase from 2024) • 40 campaign videos displayed, shot and edited by The Chamber •1 10,475 social media impressions with a 4.95% clickthrough rate •D elivered to more than 416,000 inboxes with 169,000 email opens •M ore than 1,500 views of the “Know Before You Go” voter guide during Election Week

Current platform results reflect the June primary election in North Dakota. The platform will continue to expand with information about Minnesota’s primary election and both states’ general election this fall.

CANDIDATE DEBATES The Chamber hosted candidate debates in collaboration with the Downtown Community Partnership and the Building Industry Association for the Fargo mayoral, Fargo City Commission and West Fargo City Commission races. These forums provided opportunities for voters to hear directly from candidates on the issues shaping their communities while encouraging informed civic engagement ahead of Election Day. The Fargo mayoral debate featured all five candidates, welcomed more than 300 attendees at the Fargo Theatre and reached more than 3,900 additional viewers through WDAY’s livestream. The Fargo City Commission and West Fargo City Commission debates also generated strong engagement, attracting hundreds of additional inperson attendees and online viewers. 16 | INNOVATE28 INVESTOR BRIEFING | January - June 2026

IMPAC T IN ACTION

FROM INTEREST TO IMPACT: A PATHWAY TO PUBLIC SERVICE

When Emily Secor May returned to Fargo six years ago, she knew she wanted to contribute to the community that helped shape her. Raised in a family that modeled the importance of giving back, she began by serving on a local nonprofit board. As that term neared its end, however, she felt pulled toward something more. Public office was not an obvious next step. Like many community-minded people, Emily wondered whether she had enough time, experience or courage to become a candidate. Through The Chamber’s Center for Civic Engagement (CCE), that uncertainty began to change. “Through the Chamber, I began to see civic leadership not as something distant or reserved for a few, but as a meaningful and accessible next step in serving my community,” Emily said. The CCE gave her more than encouragement – its offerings helped demystify elections, explain how campaigns are built and provide practical knowledge she could immediately apply. Just as importantly, it created a supportive environment where prospective leaders could test an idea, ask candid questions and begin seeing themselves differently. For Emily, the turning point came during a Campaign 101 session. There, she said aloud for the first time that she was going to run for the Fargo Park Board. “It was both nerve-wracking and empowering,” she said. “The encouragement from others in that room helped me move from hesitation to action.” As she learned more about the Park Board, the work of this elected board became a meaningful calling. Emily witnessed how parks, facilities and programs can influence quality of life and create spaces where people of every background can feel welcome, connected and included. With knowledge, confidence and support from the CCE, Emily launched her campaign and ultimately earned the trust of Fargo voters in the June 2026 election. Her win represents more than one successful candidacy; it demonstrates what becomes possible when civic-minded people are given a clear pathway to leadership.

Watch the video

“The Center was truly the catalyst for my journey,” Emily said. “It removed barriers, built confidence and provided the tools I needed to take that first step. I’m not sure I would have run without it. And, I know I wouldn’t have been as prepared.” That is the impact investors make possible through The Chamber’s Center for Civic Engagement: identifying potential leaders, lowering barriers to participation and equipping people to serve effectively. The return is visible in stronger candidates, broader representation and public institutions strengthened by people willing to step forward. Her story also offers a model the Center can repeat. Emily’s message to others is simple: caring about the community is itself an important qualification. Leadership does not require a perfect résumé or a predetermined path. Rather, it requires perspective, a willingness to learn and the courage to act. Her journey also reflects the Center’s broader purpose of creating belief, clarity and a pathway to service – not simply supporting candidates during an election season, but cultivating leaders for the future. “Our communities are stronger when more voices choose to lead,” she said, “and when more people are willing to take that first step.”

CENTER FOR CIVIC ENGAGEMENT

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2026 ECONOMIC IMPACT The work of Innovate28 both directly and indirectly impacts the region’s economic performance. Coordinated efforts around workforce, business development and public policy help foster a strong business environment that supports investment, employment growth and long-term economic competitiveness.

NON-RESIDENTIAL PERMITS ISSUED IN TOTAL VALUE, BY PROPERTY CLASS Permits issued (2026)

600

Estimated total value:

$113.87M

ADDED SQUARE FOOTAGE BY PROPERTY CLASS (Q1 2026) Office:

86,649 SF

Retail:

11,376 SF

Industrial:

169,258 SF

Total:

180,634

Multi-Family:

42 Units (Permitted YTD)

TAXABLE SALES AND YEAR-TO-DATE COMPARISON TO PREVIOUS YEAR 2026:

$763,526,649

2025:

$728,723,872

VACANCY RATES Q2 2026

Q2 2025

Office:

10.7%

11.4%

Retail:

4.9%

4.1%

Industrial:

2.2%

4.2%

LABOR FORCE GROWTH - TOTAL AND YEAR-TO-DATE COMPARISON TO PREVIOUS YEAR December 2025:

154,077

December 2024:

152,494

MSA POPULATION 2025

2024

271,870

267,793

Data note: All data shown reflects the most recently finalized figures available at the time of publication. Due to reporting cycles, some metrics may not yet be available for Q2. Subsequent updates may occur after publication. 18 | INNOVATE28 INVESTOR BRIEFING | January - June 2026

INNOVATE28 AT A GLANCE

A coordinated regional strategy designed to strengthen our workforce, accelerate business growth and advance the policies needed for long-term economic competitiveness.

WHAT IS INNOVATE28?

WHAT IS INNOVATE28 WORKING TOWARD?

Innovate28 is a four-year regional growth strategy led jointly by the Fargo Moorhead West Fargo Chamber of Commerce and the Greater Fargo Moorhead Economic Development Corporation. It brings workforce, business development and public policy efforts together around shared priorities, measurable goals and coordinated action.

By January 2029, Innovate28 aims to:

WHY WAS IT CREATED?

These long-term outcomes are supported by annual goals that allow progress to be measured and strategies to be adjusted along the way.

Our region’s economic opportunities and challenges are interconnected. Businesses need access to talent. A growing workforce depends on strong career pathways and a community where people want to remain. Continued investment requires effective public policy and coordinated support for employers. Innovate28 connects those efforts rather than addressing them independently.

WHAT ARE ITS THREE AREAS OF FOCUS? Talent and Workforce Attract, develop and retain the people regional employers need while strengthening career awareness, recruitment resources, workplace culture and connections for newcomers.

• Grow the regional labor force by 12,000 • Support 130 company projects • Help create 3,500 new jobs • Align at least 28 of 38 local legislators with regional business priorities

WHO POWERS THE WORK? Innovate28 is made possible through public investment from Cass and Clay counties and private investment from more than 100 regional businesses. The work is guided by an advisory council of business and community leaders and carried out through the combined capacity of The Chamber and the EDC.

HOW IS PROGRESS MEASURED? Each area of work is tied to clearly defined key performance indicators. Investors receive semiannual reporting, while quarterly progress and additional updates are available at Innovate28FM.com.

Business Development Help existing companies grow, support expansions and relocations, attract new investment and position the region to compete for high-impact projects. Public Policy and Civic Engagement Advance business priorities, strengthen relationships with elected officials and expand civic participation through advocacy and the Center for Civic Engagement.

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Thank you to these leading businesses for investing in the future of our region. Innovate28 powers The Chamber’s and the EDC’s work in workforce, business development and public policy.

PIONEER | $125,000+ ANNUALLY

INNOVATOR | $75,000+ ANNUALLY

VISIONARY | $50,000+ ANNUALLY

LEADER | $25,000+ ANNUALLY

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CHAMPION | $15,000+ ANNUALLY

CONNECTOR | $10,000+ ANNUALLY

AN EMPLOYEE OWNED COMPANY

SUPPORTER | $5,000 ANNUALLY

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WHAT OUR

INVESTORS ARE SAYING

REAL INVESTORS. REAL IMPACT. STRONGER TOGETHER. I am proud to support Innovate28 and the important work being done to strengthen our community through workforce development, policy initiatives, and business growth. The collaboration and focus on creating opportunities for businesses and residents across Cass County are making a meaningful impact. Investing in initiatives like Innovate28 helps build a stronger economic future and ensures our region continues to grow and thrive. – NED HALILOVIC

Founder Ambassador Cleaning

Every thriving community is the result of people who believe the future is worth investing in. Innovate28 represents that belief. A commitment to creating opportunity, inspiring innovation, prospering workforce, and ensuring the FargoMoorhead region continues to flourish for generations to come. – CASSIE EDWARDS

Marketing Director Heritage Homes

Investing in Innovate 28 was an easy decision for my business. When you get a collaborative effort from the the business community working with the The Chamber of FMWF and the GFMEDC, investing to bring and expand business and jobs to our area, it is a win for the whole community. My business, including all retail and the hospitality industry, are downstream winners.

18 months into Innovate 28, the power of a unified regional strategy is becoming increasingly evident. The GFMEDC continues to attract new businesses and investment to our region while The Chamber’s Center for Public Policy is strengthening the business community’s voice on issues that matter. Cardinal Glass is proud to support Innovate28 because growing our regional economy and strengthening our business climate is an investment in our teammates, our business, and our community.

– DUSTIN MITZEL

– MIKE ARNTSON

Communities don't grow by chance, they grow because people choose to invest in something greater than themselves. After more than three decades in FargoMoorhead, we're proud to be part of the growth that Innovate28 is building for what comes next.

At its core, Innovate 28 is about positioning our region for intentional, sustainable growth. The initiative helps identify where our region can compete, where we can strengthen our workforce and how we can create an environment that attracts new business, supports existing businesses and builds long-term investor confidence. Organizational alignment is essential to that effort. Alignment shows that our region is unified, organized and serious about economic growth.

President and CEO Happy Harry’s Bottle Shops

– TROY MATTERN

Vice President Heritage Homes

Innovate28 demonstrates the power of collaboration by bringing together leaders around a shared vision to strengthen our workforce, grow business, foster innovation and enhance quality of life throughout the region.

Head Coach Cardinal IG

– PAUL MATTHYS

President and CEO Cass County Electric

– TIFFANY LAWWRENCE

President and CEO Sanford Fargo

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EXPLORE OUR SEMI-ANNUAL REPORT TO SEE THE PROGRESS WE MADE DURING 2025 OUR FIRST YEAR.

STAY INFORMED ON OUR QUARTERLY PROGRESS BY VISITING INNOVATE28FM.COM.

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An initiative of the

Fargo Moorhead West Fargo Chamber & Greater Fargo Moorhead Economic Development Corporation