State Resources


North Dakota Business Resources

The construction of railroads and subsequent settlement of the state brought in droves of Americans who came to work the state’s rich soil. Agriculture has since become the driving force of North Dakota’s economy, spawning the creation of complementary food processing and farm equipment manufacturing industries.

About 90% of North Dakota’s territory is covered by farmland. The top agricultural outputs of the state are wheat, cattle, soybeans, and corn. The state leads the nation in production of durum wheat, barley and sunflowers. Mining also contributes a relatively small, though promising, source of revenue. Fossil fuels such as coal and petroleum account for 97% of all mining revenue. Official estimates of the state’s oil deposits range from 3.0 to 4.3 billion barrels, which if proved, would significantly increase the nation’s oil reserves.

Business Data

Per Capita Real GDP$34,446 Rank: 30/50 (2006)
Population642,200 Rank: 47/50 (2000)
Per Capita Personal Income$32,552 Rank: 32/50 (2006)
Unemployment Rate3.20% Rank: 8/50 (2008)
Business Tax Climate IndexRank: 30/50 (2008)
Corporate Tax Rate2.6% - 6.5%
Individual Tax Rate 2.1% - 5.54%
Sales Tax Rate 5%

Business Tax Climate Index

Individual Income Tax Index Rank36
Sales Tax Index Rank29
Unemployment Insurance Tax Index Rank26
Property Tax Index Rank6
Business Tax Climate Index30
Corporate Tax Index Rank27

State Information

AbbreviationND
CapitalBismarck
Nick NamePeace Garden State
State Web Sitehttp://www.nd.gov
MottoLiberty and union, now and forever, one and inseparable

Top 5 Export Partner Countries

Canada, Belgium, Australia, Mexico, Germany

Top 5 Export Merchandise

Transportation Equipment Sales Machinery Sales Computers and Electronic Products Manufacturing Machinery Manufacturing

Major Cities

Fargo

GDP

Total Gross Domestic Product (USD Millions) $27,725.00 (2007)
Per Capita Real GDP (USD)$34,694.00 Rank: 31 (2007)

Population Stats

Population 641,481 Rank: 48 (2008)

Age Distribution

Under 18 Population160,849
Under 18 Percent of Total Population25%
65 and older Population94,478
65 and older Percent of Total Population15%

Gender Distribution

Male Population49.9%
Female Population50.1%
Non-English Speaker (at home)32,930
Net International Immigration3,687
Birth Rate12.9%
Percent of People Under Poverty Level11.2%
Rank34

Expenditure

Per Capita State Spending$47,245
Rank15
Energy Expenditures per Person$5,565
Expenditures of State and Local Government Employee-Retirement Systems$171,553

Revenue

Personal Income$39,649
Rank32
State Internal Revenue Collection$3,659,740
Rank50
Cash and Deposits by State Government$90,430
Per Capita State Tax Collection$2,547
Rank21

Education

High School Graduation Rate79.1%
Rank10
Percent of Population with a Bachelor's Degree19%
Rank13
Percent of Population with an Advanced Degree6.6%
Rank47

Largest Universities

Minot State University North Dakota State University University of North Dakota
High School Graduation Rate79.1%

Logistics

Public Road Length (Mile)86,839
Gas Tax Rate (%)23%
Highway Planning and Construction (USD Thousands)205,828
Number of Public Airports89

Main Airports

FAR: Fargo GFK: Grand Forks

Ports

Weather


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State Business Links

Bismarck Tribune
http://www.bismarcktribune.com/

Secretary of State

North Dakota Secretary of State
http://www.nd.gov/sos
Features the elected official and information about the office's duties, election reports, and policies.

Small Business Administration

North Dakota Small Business Administration
http://www.sba.gov/localresources/district/nd/index.html
The U.S. Small Business Administration (SBA) was established in 1953 as an independent agency of the Federal Government to assist, counsel, support and protect the interest of small business concerns and to assist them in their start-up and growth. The North Dakota District Office, working together with our extensive network of public and private resource partners, is dedicated to assisting the small business community and promoting economic development in the State of North Dakota.

Top 10 Business Links

Division of Economic Development and Finance
http://www.business.nd.gov/
Part of the Department of Commerce, this division provides information on available property, the business climate, incentives to doing business in North Dakota, workforce data, and other assorted data.
Export North Dakota
http://www.exportnd.com/
This site is a service of the North Dakota District Export Council, and offers various export resources, access to export events, and more. Through the site users can also gain access to training and education programs, networking, and overseas support & market research.
North Dakota Business News
http://www.bismarcktribune.com/news/business/
The Bismark Tribune provides both statewide and countrywide business news, in addition to a business column and other typical news categories.
North Dakota Small Business Development Center
http://www.ndsbdc.org/
The North Dakota SBDC aims to help small businesses in North Dakota. It offers counseling services in all manners of business matters, that affect forming or existing small businesses, at low or no cost. A newsletter, list of events, and news updates are also available.
North Dakota Trade Office
http://www.ndto.com/
The North Dakota Trade Office offers services in aiding ND businesses to develop their opportunities in export internationally. Trade statistics, exporter directory, and a list of news and events is provided freely on the website.
U.S. Commercial Service North Dakota
http://www.buyusa.gov/northdakota/
The North Dakota branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided. A free newsletter is also available.

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