POPULATION: 646,844 (2009 estimate)
LABOR FORCE: 364,970 (2009)
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) 22% (2000 Census)
BASIC BUSINESS TAXES:
Corporate Income Tax:: Effective
Jan. 1, 2009, a new corporate
income tax rate lowered the percentage
range at which corporations
are tax; currently, the corporate
income tax rate range is 2.1
to 6.4 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 1–2 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: 1.37 percent
of the first $24,700 of wages per
employee for new businesses,
nonconstruction
Workers' Compensation Tax: Rates
apply to only the first $24,700 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)
