DOING BUSINESS IN NORTH DAKOTA
North Dakota Department of Commerce
701-328-5300
jlteigen@nd.gov
www.commerce.nd.gov
“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
TOP BUSINESS FACILITIES RANKING
| #1 GDP Growth | 2024 State Rankings |
| Top 10 Corporate Tax Climate | 2024 State Rankings |
| Top 10 Wind Power (Installed MW) | 2024 State Rankings |
TARGETED GROWTH SECTORS
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).
Featured Locations
FAST FACTS
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
