North Dakota Sustained Profit Growth Plan

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-160H
• Format: Word; Rich Text

Description

20-160H 20-160H . . . Sustained Profit Growth Plan under which (a) each officer of the level of Senior vice President and above receives a contingent cash award equal to a specified percentage of his or her annual base salary and (b) actual awards are determined by measuring the corporation's performance of previously selected business measures and attainment of specific objective numeric goals relating to those measures over a three year performance period. The measures may include return on average or year-end equity, return on average or year-end assets, earnings per share, growth in earnings per share, increase in the corporation's common stock price, total return to stockholders, growth in net income per employee, growth in non-interest income, control of net overhead expense, control of non-performing loans, capital adequacy, and adequacy of loan loss reserves North Dakota Sustained Profit Growth Plan, also known as ND PGP, is a comprehensive strategy formulated by the state of North Dakota to stimulate and maintain long-term economic expansion and profitability. This growth plan aims to promote sustainable development, encourage entrepreneurship, attract investments, create job opportunities, and enhance the overall well-being of the state's businesses and residents. Keywords: North Dakota, Sustained Profit Growth Plan, ND PGP, economic expansion, profitability, sustainable development, entrepreneurship, investments, job opportunities, businesses, residents. There are various types or components of the North Dakota Sustained Profit Growth Plan, each targeting specific aspects of the state's economy. These include: 1. Business Development Initiatives: ND PGP focuses on supporting the growth and development of businesses in North Dakota. It offers resources and assistance to both startup and existing businesses, helping them to innovate, expand, and increase their profitability. This may include funding, mentoring, access to networks, and market research. 2. Workforce Development Programs: To ensure a skilled and competitive workforce, ND PGP provides training and education programs to align the workforce with emerging industry demands. This enables businesses to find qualified employees and helps individuals enhance their employability and income potential. 3. Infrastructure Investment: The plan recognizes the importance of robust infrastructure for sustained profit growth. It emphasizes investments in transportation, broadband connectivity, clean energy, healthcare facilities, and other critical infrastructure projects to enhance competitiveness and attract businesses. 4. Innovation and Research Initiatives: ND PGP encourages innovation, technology adoption, and research and development activities. It promotes collaboration between businesses, academic institutions, and research centers to foster technological advancements and create opportunities for commercialization. 5. Marketing and Promotion: To attract investments and stimulate business growth, ND PGP employs marketing and promotional strategies. It highlights the state's competitive advantages, such as low business costs, favorable tax incentives, quality of life, and access to markets. This includes participation in trade shows, targeted advertising campaigns, and digital marketing initiatives. By implementing the North Dakota Sustained Profit Growth Plan, the state aims to build a diverse and resilient economy that can withstand economic fluctuations. It seeks to create an environment conducive to business success, entrepreneurship, and innovation, ultimately leading to sustained profit growth and improved prosperity for all stakeholders involved.

North Dakota Sustained Profit Growth Plan, also known as ND PGP, is a comprehensive strategy formulated by the state of North Dakota to stimulate and maintain long-term economic expansion and profitability. This growth plan aims to promote sustainable development, encourage entrepreneurship, attract investments, create job opportunities, and enhance the overall well-being of the state's businesses and residents. Keywords: North Dakota, Sustained Profit Growth Plan, ND PGP, economic expansion, profitability, sustainable development, entrepreneurship, investments, job opportunities, businesses, residents. There are various types or components of the North Dakota Sustained Profit Growth Plan, each targeting specific aspects of the state's economy. These include: 1. Business Development Initiatives: ND PGP focuses on supporting the growth and development of businesses in North Dakota. It offers resources and assistance to both startup and existing businesses, helping them to innovate, expand, and increase their profitability. This may include funding, mentoring, access to networks, and market research. 2. Workforce Development Programs: To ensure a skilled and competitive workforce, ND PGP provides training and education programs to align the workforce with emerging industry demands. This enables businesses to find qualified employees and helps individuals enhance their employability and income potential. 3. Infrastructure Investment: The plan recognizes the importance of robust infrastructure for sustained profit growth. It emphasizes investments in transportation, broadband connectivity, clean energy, healthcare facilities, and other critical infrastructure projects to enhance competitiveness and attract businesses. 4. Innovation and Research Initiatives: ND PGP encourages innovation, technology adoption, and research and development activities. It promotes collaboration between businesses, academic institutions, and research centers to foster technological advancements and create opportunities for commercialization. 5. Marketing and Promotion: To attract investments and stimulate business growth, ND PGP employs marketing and promotional strategies. It highlights the state's competitive advantages, such as low business costs, favorable tax incentives, quality of life, and access to markets. This includes participation in trade shows, targeted advertising campaigns, and digital marketing initiatives. By implementing the North Dakota Sustained Profit Growth Plan, the state aims to build a diverse and resilient economy that can withstand economic fluctuations. It seeks to create an environment conducive to business success, entrepreneurship, and innovation, ultimately leading to sustained profit growth and improved prosperity for all stakeholders involved.