The Peace Garden State offers an idyllic lifestyle and friendly regulation. But there's far to go on access to capital.
North Dakota Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 239 | 18 | 25 | B+ |
| Workforce | 208 | 17 | 24 | B- |
| Life, Health & Inclusion | 280 | 3 | -- | A- |
| Infrastructure | 140 | 38 | 21 | D- |
| Business Friendliness | 111 | 34 | 5 | C- |
| Access to Capital | 28 | 47 | 47 | F |
| Economy | 175 | 34 | 31 | C- |
| Technology & Innovation | 53 | 42 | 42 | F |
| Education | 94 | 13 | 9 | B |
| Cost of Living | 39 | 25 | 29 | C+ |
| Overall | 1367 | 18 | 17 | -- |
Economic Profile
Governor: Doug Burgum, Republican
Population: 765,309
GDP growth (Q1 2021): 7.6%
Unemployment rate (May 2021): 4.0%
Top corporate tax rate: 4.31%
Top individual income tax rate: 2.90%
Gasoline tax: 23 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/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
