10. North Dakota

Nearly a decade of dizzying economic growth is starting to unsettle the Peace Garden State. Despite an influx of commerce, the state still trails in education and technology.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 263 22 12
Workforce 202 8 (Tie) 8
Quality of Life 228 5 5
Infrastructure & Transportation 226 10 (Tie) 2
Economy 285 7 2
Education 84 22 (Tie) 36
Technology & Innovation 36 49 46
Business Friendliness 161 7 6
Cost of Living 39 12 (Tie) 30
Access to Capital 3 45 (Tie) 29
Overall 1527 10 3

Economic Profile

Governor: Jack, Dalrymple, Republican

Population: 723,393

GDP growth: 9.7 percent

Unemployment rate (May 2014): 2.6 percent

Top corporate tax rate: 4.53 percent

Top individual income tax rate: 3.22 percent

Gasoline tax: 41 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Sanford-Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, North Dakota Workforce Intelligence Network

Top States for Business

From the Governors

Latest Special Reports

  • Piggybanks navigating a maze

    Americans continue to worry about persistent inflation, ongoing market volatility and the possibility of a recession. Many are working to manage the impact on their retirement and savings. The implications of all this economic uncertainty, as well as changes in tax laws, bring new considerations for individuals and especially those retirees planning for and managing future finances.

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.