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North Dakota Resources Page
Inward Investment Guides

Domestic Oil Production Spurs Regional and Manufacturing Industry Renaissance

Bruce Rutherford, International Director, Global Energy Practice Leader, JLL (Q3 2014)
Today's thriving domestic energy industry is stimulating local economies across the map, from major cities like Denver and Houston, to small towns at the epicenter of shale plays like Williston, North Dakota. More

Leading Locations for 2014: Economic Strength and Year-Over-Year Growth MSAs

Dale D. Buss, Staff Editor,  (Q2 2014)
Nine of the top-10 cities in the Area Development 2014 “Economic Strength” ranking benefited greatly from boom times for oil and gas development and refining, or from their area’s historic and growing position at the forefront of a burgeoning area of the global economy. More

Leading Locations for 2014 Commentary: One Industry, or Many, Can Lead to Economic Success

Jim Eskew, Vice President, JLL (Q2 2014)
As revealed in the overall “Leading Locations” rankings, there is more than one way to become an attractive location. Some locations have risen on the strength of a dominant industry sector. Others have prevailed by offering low-cost real estate, talent, and other resources in a balanced, diversified economy. More

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits. More

When “Global” Becomes “Local” - And Why It’s a Good Thing

Nancy McLernon, President & CEO, Organization for International Investment (OFII) (Location USA 2014)
Examples abound of foreign firms that have “insourced” their operations to the U.S., helping their companies to prosper and the communities in which they locate to thrive. More

North Dakota Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
North Dakota's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Optimizing Economic Growth in Shale Zone Communities

Bruce Rutherford, International Director, Global Energy Practice Leader, JLL (Q1 2014)
The ability to access oil and natural gas reserves found in the nation’s shale regions has presented new opportunities for economic growth along with a host of infrastructure and real estate challenges. More

NORTH DAKOTA at a glance

POPULATION:683,932 (2011 estimate)

LABOR FORCE: 382,944 (2011)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Agricultural production, mining

EXPANDING INDUSTRIES: Information technology (computer programming services, shared service centers-back offices, manufacturing software, electronic commerce), food processing, industrial and agricultural equipment manufacturing, electronics manufacturing, energy, renewable energy

COLLEGE GRADUATES: (Age 25 and over) 39.4% (2011 ACS estimate)

BASIC BUSINESS TAXES:
Corporate Income Tax: Effective Jan. 1, 2011, a new corporate income tax rate lowered the percentage range at which corporations are taxed; currently, the corporate income tax rate range is 1.68 to 5.15 percent with exemptions

Sales Tax: 5 percent on retail sales of tangible personal property and certain services; more than 100 cities levy local tax, ranging between 1 and 2.5 percent

Property Tax: Administered, levied (at different levels), collected, and expended at the local level to support schools, counties, cities, townships, and other local government units; state does not levy a property tax for general government operations (with exemptions); five-year property tax exemption for new and expanding businesses with two extensions available

Unemployment Tax: 1.36 percent of the first $27,900 of wages per employee for new businesses, nonconstruction Workers' Compensation Tax: Rates apply to only the first $27,900 of wages per employee. Employers may be eligible for a discount on their premium.

BUSINESS INCENTIVES:
North Dakota Department of Commerce — Economic Development & Finance Division:
• North Dakota Development Fund (gap financing)

Bank of North Dakota:
• PACE (interest buydown program)

• MATCH (low-interest loans)

• Business Development Loans

• Micro Business Loan Program

Job Service North Dakota:
• Workforce 20/20

• North Dakota New Jobs Program

Principal Manufacturing industries

  • Machinery
    23.6%
  • Food & Beverages
    21.5%
  • Wood Product/Printing
    10.5%
  • Transportation Equipment
    9.2%
  • Fabricated Metal Products
    8.7%
  • Computer & Electronic Products
    5.8%
  • Nonmetallic Mineral Products
    5.7%
  • Plastics & Rubber Products
    4.3%
  • Furniture & Related Products
    3.7%
  • Other Manufacturing Industries
    7.0%