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North Dakota Resources Page
Inward Investment Guides

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, Jones Lang LaSalle (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

Shale Regions Face the Challenges of Rapid Growth

Lisa Buddecke, Kelsar Industries (Directory 2014)
Those states with recently discovered oil- and natural gas-rich deposits, like North Dakota’s Bakken Shale region, are experiencing demands on everything from infrastructure and real estate, to employment and industry services. More

Regional Report: Energy Sector Bringing Jobs and Wealth to Plains States

Steve Stackhouse-Kaelble (Directory 2014)
Winners of numerous accolades, the Plains States are garnering investment across diverse industry sectors and growing their economies. More

Intelligent Rural Cities Offer Big-City Benefits Without the Urban Challenges

Robert Bell, Co-founder, Intelligent Community Forum (Q3 / Summer 2013)
The broadband connectivity of the 21st century has made rural areas vital places to grow a business and a career. More

Leading Locations for 2013: The Plains States MSAs

Area Development Magazine Special Presentation (August 2013)
The Plains States of Kansas, Nebraska, and North and South Dakota point to their business-friendly environment while touting their economic success. The Fargo, ND/Moorhead, MN, MSA ranks first among the region’s Leading Locations — and is also second among all mid-size cities. More
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Studies/Research
News Items
 
Around The Web
 
Studies/Research

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%