North Dakota is the 15th Best State for Business 2012

May 2 2012 by ChiefExecutive.net


No 15: North Dakota

No. 15

North Dakota

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 18.24
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 18.57

Unemployment

  • Unemployment Rate Dec. 2011 %: 3.30
  • Comparison with Nat’l Rate (8.50%): -5.20

Domestic Migration

  • Domestic Net Migration ’00-’09: -18,071
  • Rank: 31

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,282
  • State & Local Gov’t Employees per 10k Residents: 649.49

State-Local Tax Burden

  • Rate (%): 9.47
  • Compared to Nat’l Avg. (9.8%): -0.33
Key Companies
  • MDU Resources
  • Titan Machinery
  • Investors Real Estate Trust
Development Trend Indicator: Positive
Drilling makes frothy economy ever better, creating growth and opportunity.
CEO Comments
“North Dakota and Texas clearly provide the best business climate due primarily to limited and sensible regulations and taxation.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation