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America's Top States For Business 2013

#3 North Dakota

Fargo, North Dakota
Richard Cummins | Lonely Planet Images | Getty Images
Fargo, North Dakota
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 300 12 16
Workforce 199 8 10
Quality of Life 226 5 5
Infrastructure & Transportation 233 2 15
Economy 298 2 2
Education 64 36 19
Technology & Innovation 79 46 47
Business Friendliness 161 6 4
Cost of Living 21 30 28
Access to Capital 11 29 43
Overall 1592 3 5

ECONOMIC PROFILE

Governor: Jack Dalrymple (R)

Population: 699,628

GDP growth: 13.4 percent

Unemployment rate (May 2013): 3.2 percent

Top corporate rate: 5.15 percent

Top individual tax rate: 3.99 percent

Gasoline tax: 23 cents/gallon

Bond rating/outlook: Aa1/Stable

Major private employers: North Dakota State University, Altru Health System, Sanford Health, St. Alexius Medical Center, Trinity Health, US Bank, Bobcat Co., Blue Cross & Blue Shield of North Dakota, Noridian Mutual Insurance Co., LM Wind Power

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.