
The episode discusses the growing anti-development sentiment in North Dakota with guest Brooks Burgum, exploring its implications for business and infrastructure.
Is North Dakota still open for business? That's a question we asked during an interview with Brooks Burgum, co-founder and CEO of Longwater, a private equity and alternative asset management firm. What prompts that question is what seems to be a growing, anti-development attitude among some political factionsin North Dakota. The state once marketed itself as an easy place to do business, but increasingly building things like transmission lines, pipelines, and data centers has become a fraught business. "Where would we be if no one built a railroad?" Burgum, who is the former governor's cousin, asked. "We want to grow this country, we want to grow this state," he continued. "We've got to have pipelines. We've got to have railroads. We've got to have interstate highways. This concept of not on my land, not in my backyard, this NIMBY idea, yeah, it's scary to think about." But Burgum thinks the backlash against data centers may be less about the centers themselves than the economic and cultural change they represent. "If you think about all the fears we all have around AI, and it can be scary, and it's real, and there's so many things happening, the only physical manifestation of…
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