Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes
Some 4,500 construction workers show up each day to help build the highly anticipated Springwoods Village, a 2,000-acre work-live-and-shop enclave just south of The Woodlands to be anchored by the new Exxon Mobil campus.
Thousands of workers and major oil companies are flooding into South Texas. But some are reluctant to invest in houses and other permanent infrastructure. A “When will it bust?” mentality hangs over the region.
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