North Dakota Department of Commerce

Doing business in North Dakota

North Dakota is poised for explosive growth over the next decade. Whether it’s downstream activity from our oil and gas industry or commercialization of unmanned systems tech or the booming bioscience industry, we’re looking at the reality of a $100 billion per year economy in 10 years.

— Josh Teigen, Commissioner,
North Dakota Department of Commerce
Doing business in North Dakota
Grand Forks, North Dakota (Photo: Adobe Stock/Jacob)


#Top 10 Wind Power (Installed MW)
2023 State Rankings

From the July / August 2023 issue of Business Facilities


Advanced Manufacturing: Manufacturing accounts for 7.3% of North
Dakota’s Gross State Product. Strong market growth, both domestically and internationally, has contributed to a healthy manufacturing economy.

Energy: North Dakota produces vast amounts of energy from the many abundant sources available. From coal and oil to wind and solar, energy sources complement each other providing reliable, redundant availability to power the surrounding states with reliable deliveries to fuel and electricity.

Technology: The state is ranked #2 in the nation for ultra-fast internet access (besting most of our neighbors); 30% of our households have access to the internet faster than 1 Gbps (billions of bits per second).


Population (July 2022 est.): 779,261*
Largest Cities (2020): Fargo (125,853); Bismarck (73,675); Grand Forks (58,942); Minot (48,306); West Fargo (38,993)*
Real GDP (2022): $53.1 billion**

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  Technology Focused

The Innovation Technology Loan Fund is an innovation loan fund that supports technology advancement by providing financing for the commercialization of intellectual property within the state of North Dakota.


Bobcat Company recently completed a $9.3 million investment in punch press automation and press technology at its manufacturing facility in Gwinner. The North Dakota Development Fund invested in three technology startup companies through its Angel Match Program, which supports early-stage primary sector businesses by matching investor commitments up to $250,000. AGCO will house its 300-acre Dakota Smart Farm on the Grand Farm Innovation Campus. Epitome Energy LLC also selected Grand Forks for its $400 million soybean crushing plant.


FAA grants

FAA Grants Nearly $1B For Building Better Airport Terminals

Under this funding from the Bipartisan Infrastructure Law, 114 airports across the U.S, spanning 44 states and three territories will improve service and performance.
North Dakota AgTech

Federal Award Aims To Make North Dakota “Epicenter of AgTech”

National Science Foundation awards North Dakota coalition up to $15M over the next two years — with the potential of up to $160M over 10 years — to support innovation, jobs and economic growth in the AgTech sector.
AI Apocalypse

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