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19. North Dakota

The economy has withered in the Peace Garden State, but friendly regulations and sweet quality of life have taken root.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 321 12 4
Infrastructure 195 17 6
Cost of Doing Business 179 29 29
Economy 109 40 26 (Tie)
Quality of Life 231 4 7
Technology & Innovation 76 39 44 (Tie)
Education 128 13 (Tie) 14 (Tie)
Business Friendliness 119 4 (Tie) 4
Access to Capital 12 47 (Tie) 33
Cost of Living 25 26 26
Overall 1395 19 12

Economic Profile

Governor: Doug Burgum, Republican

Population: 757,952

GDP growth (Q4 2016): 1.4 percent

Unemployment rate (May 2017): 2.5 percent

Top corporate tax rate: 4.31 percent

Top individual income tax rate: 2.90 percent

Gasoline tax: 23 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA+ stable

Major private employers: Sanford-Health, MDU Resources Group

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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