
Altru Health System honored with Grand Forks EDC's Klaus Thiessen Impact Award
Mar. 27—GRAND FORKS — The Grand Forks Region Economic Development Corporation on Thursday honored Altru Health System with its Klaus Thiessen Impact Award.
The health care provider received the award at the outset of the EDC's annual meeting in front of approximately 275 people at the Alerus Center ballroom.
"We really felt they had risen to the top with the new hospital and all their contributions to the community," EDC CEO and President Keith Lund told the Herald.
Altru's crowning achievement this year has been its brand-new $500 million hospital in Grand Forks. The health care provider is also in the process of acquiring CHI St. Alexius Health hospital in Devils Lake.
Altru CEO Todd Forkel, President Josh Deere and the Altru Foundation's Chief Partnership and Philanthropy Officer Kristi Hall-Jiran were on hand to receive the award, named for the EDC's retired longtime CEO.
Forkel told Lund the provider was "humbled and really grateful" to receive the award, and thanked Altru's many employees for their work.
"We really look at it as a privilege to be able to not only serve Grand Forks, but the greater Grand Forks area," Forkel said.
Altru moved out of its 52-year-old home and into its new facility next door in January. Lund presented the Altru executives with a painting by Eric Castle, depicting generations of Grand Forks hospitals, with the latest addition towering over the other two.
Prompted by Lund, Deere said the new hospital made Grand Forks into a medical destination and was a tool for bringing more workers to Grand Forks.
"We have a huge recruiting tool right now," Deere said. "We have the most state-of-the-art hospital in the Midwest."
Thursday's event also served as an opportunity for Lund and Director of Workforce Development Becca Cruger to highlight growth and success in Grand Forks.
Highlights included Belgian potato processor Agristo's plans to open a $450 million plant in Grand Forks, the temporary bed-down of the 28th Bomb Wing at Grand Forks Air Force Base (Lund: "If you think that isn't economic development, ask any hotel owner in Grand Forks") and UND's third-largest class of all time.
"That is your future workforce," Cruger said as a picture of the class of 2028 flashed onscreen.
Discussing Grand Forks Public Schools' soon-to-open Career Impact Academy, Hall-Jiran reminded Lund of his fundraising request that helped bring the career and technical education center to fruition.
"I remember that phone call, Keith," Hall-Jiran told Lund. "You did a great job of asking for a million dollars."
EDC primary sector businesses continued to report 10-year increases in employment, average salary and payroll.
Payroll from EDC client businesses added $645 million to the region, Lund said, plus another $216 million in company spending, adding up to a regional combined impact of $861 million for the region.
The theme of Thursday's event was "Plant and Prosper," in reference to Grand Forks' origins as an agricultural community.
"We would not be here as a community, in the fashion we're in, without the agricultural community that supports Grand Forks," EDC Board Chair Shawn Gaddie said.
In an acknowledgment of the theme, Gaddie presented past chair John Oncken with a painting of a tractor in a field, rendered in the style of Vincent Van Gogh's "Starry Night."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hamilton Spectator
13 hours ago
- Hamilton Spectator
Carney travelling to Europe for security, defence talks with EU, NATO
OTTAWA - Prime Minister Mark Carney will depart for Europe on Sunday for back-to-back summits where he is expected to make major commitments for Canada on security and defence. Carney will be joined by Foreign Affairs Minister Anita Anand, Defence Minister David McGuinty and secretary of state for defence procurement Stephen Fuhr at the EU and NATO summits, where military procurement and diversifying supply chains will top the agendas. The international meetings come as Canada looks to reduce its defence procurement reliance on the United States due to strained relations over tariffs and President Donald Trump's repeated talk about Canada becoming a U.S. state. Carney will fly first to Brussels, Belgium, starting the trip with a visit to the Antwerp Schoonselhof Military Cemetery where 348 Canadian soldiers are buried. He will also meet with Belgian Prime Minister Bart De Wever, European Council President António Costa and European Commission President Ursula von der Leyen. At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the EU in what one European official described Friday as one of the most ambitious deals Europe has ever signed with a third country. The agreement will open the door to Canada's participation in the ReArm Europe initiative, allowing Canada to access a 150-billion-euro loan program for defence procurement, called Security Action for Europe. An EU official briefing reporters on Friday said once the procurement deal is in place, Canada will have to negotiate a bilateral agreement with the European Commission to begin discussions with member states about procurement opportunities. A Canadian official briefing reporters on the summit Saturday said the initial agreement will allow for Canada's participation in some joint procurement projects. However, a second agreement will be needed to allow Canadian companies to bid. At the EU-Canada summit, leaders are also expected to issue a joint statement to underscore a willingness for continued pressure on Russia, including through further sanctions, and call for an immediate and permanent ceasefire in Gaza. After Brussels, Carney heads to The Hague in the Netherlands for the NATO leaders' summit on Tuesday and Wednesday. There, Carney will meet with the King of the Netherlands and later with leaders of Nordic nations to discuss Arctic and transatlantic security. At the NATO summit, Carney will take part in bilateral meetings with other leaders. The summit agenda includes a social dinner hosted by the king and queen of the Netherlands and a two-and-a-half hour meeting of the North Atlantic Council. NATO allies are expected to debate a plan to hike alliance members' defence spending target to five per cent of national GDP. NATO data shows that in 2024, none of its 32 members spent that much. The Canadian government official who briefed reporters on background says the spending target and its timeline are still up for discussion, though some allies have indicated they would prefer a seven-year timeline while others favour a decade. Canada hasn't hit a five- per- cent defence spending threshhold since the 1950s and hasn't reached the two per cent mark since the late 1980s. NATO says that, based on its estimate of which expenditures count toward the target, Canada spent $41 billion in 2024 on defence, or 1.37 per cent of GDP. That's more than twice what it spent in 2014, when the two per cent target was first set; that year, Canada spent $20.1 billion, or 1.01 per cent of GDP, on defence. In 2014, only three NATO members achieved the two per cent target — the U.S., the U.K., and Greece. In 2025, all members are expected to hit it. Any agreement to adopt a new spending benchmark must be ratified by all 32 NATO member states. Former Canadian ambassador to NATO Kerry Buck told The Canadian Press the condensed agenda is likely meant to 'avoid public rifts among allies,' describing Trump as an 'uncertainty engine.' 'The national security environment has really, really shifted,' Buck said, adding allies next door to Russia face the greatest threats. 'There is a high risk that the U.S. would undercut NATO at a time where all allies are increasingly vulnerable.' Trump has suggested the U.S. might abandon its mutual defence commitment to the alliance if member countries don't ramp up defence spending. 'Whatever we can do to get through this NATO summit with few public rifts between the U.S. and other allies on anything, and satisfy a very long-standing U.S. demand to rebalance defence spending, that will be good for Canada because NATO's good for Canada,' Buck said. Carney has already made two trips to Europe this year — the first to London and Paris to meet with European allies and the second to Rome to attend the inaugural mass of Pope Leo XIV. This report by The Canadian Press was first published June 22, 2025.
Yahoo
2 days ago
- Yahoo
Saint-Étienne manager ‘expects' Lucas Stassin to stay at club
AS Saint-Étienne look set to dig their heels in. Despite relegation to Ligue 2, the club want to keep hold of their star asset, Lucas Stassin (20). As revealed by L'Équipe on Thursday, Les Verts have slapped a €20m price tag on the Belgian, who in his first season in French football excelled, finishing the campaign with 12 goals and five assists in Ligue 1. However, his goals could not prevent ASSE from dropping back down to Ligue 2. They finished the season second from bottom, ahead of Montpellier HSC. Advertisement However, despite the setback, Saint-Étienne are not in a precarious financial situation, unlike other relegated sides, Montpellier and Stade de Reims. Due to the takeover from Kilmer Sports Ventures last summer, they are not obliged to sell off key assets, such as Stassin and Zuriko Davitashvili, also valued at around €20m. They could, therefore, look to retain Stassin, a target for Premier League sides. 'I'm expecting Lucas to be there next season,' said Eirik Horneland in a press conference transcribed by Foot Mercato's Sébastien Denis. 'I think he'll say because he is a good player. He has a contract (until 2028). His situation doesn't depend on him; it depends on us,' he added. Time will tell whether ASSE's stance breeds conflict. GFFN | Luke Entwistle
Yahoo
3 days ago
- Yahoo
The 1 Thing Rich People Can't Afford To Lose, According to Warren Buffett
Wealthy business people often have a reputation of being unscrupulous among the general public. While perhaps a bit cynical, the thought among some is that only those who are willing to do anything can get ahead, even if it means making unethical choices. But not all rich people think the same way. In fact, one of the most famous billionaires of all time, Berkshire Hathaway CEO Warren Buffett, takes the opposite approach. According to the fifth-wealthiest person in the world, the one thing that rich people can't afford to lose is their reputation. Read More: Find Out: Here's exactly what Buffett means by that and how he implements it both for himself and for the managers in his company. Buffett responded to a question about how to make ethical business decisions at a 2005 Q&A session at the University of Nebraska-Lincoln, where he shared the stage with fellow billionaire Bill Gates. Buffett's strategy is to prioritize integrity and build a solid reputation. Once you have this reputation, you're seen as a person worthy of doing business with. The Oracle of Omaha's strategy both for himself and for his managers is to use the 'newspaper test.' In addition to conforming to legal standards, Buffett's test is to evaluate actions based on how they 'would feel about any given action if they know it was to be written up the next day in their local newspaper.' In Buffett's scenario, he imagines the article would be 'written by a smart but pretty unfriendly reporter' and read by their family, friends and neighbors. 'It's pretty simple,' he said. 'If [the decision] passes that test, it's okay. If anything is too close to the lines, it's out.' Explore More: 'We have all the money we need,' Buffett said, referring to himself and Gates. 'While we'd like to have more, we can afford to lose money. But we can't afford to lose reputation. Not a shred.' It's clear that Buffett prizes reputation above all else. In another one of his most famous quotes, Buffett said, 'It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.' Buffett doesn't value reputation just to be a good guy. He also sees genuine economic value in a good reputation — and his belief is backed up by actual research. According to FINN, a Belgian research company, there's a direct link between financial performance and reputation — to the point that a good reputation can literally place a line of credit at a bank. Whether it's laziness, a good business practice or simply human nature, people and businesses alike tend to do more business with people they like and who have a good reputation. In many cases, a reputation is even enough to prevent people from doing their own financial due diligence, for better or worse. This means that a good business reputation can literally translate into economic gain, making it a prized asset. When one of the most popular, successful business people in the world said that reputation is everything, it's prudent to listen. Buffett said that while rich people can afford to lose some money, they can't afford to lose their reputations, on both a personal and a business level. As Buffett emphasizes, it takes years to build a reputation but only moments to lose it, so protect yours like the precious asset that it is. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 10 Genius Things Warren Buffett Says To Do With Your Money 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on The 1 Thing Rich People Can't Afford To Lose, According to Warren Buffett