North Dakota is the 15th Best State for Business 2013

Previous State: Oklahoma Next State: Alabama No. 15North Dakota Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey [...]

May 6 2013 by JP Donlon


Previous State: Oklahoma Next State: Alabama

No. 15North Dakota

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 7.6
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 6.1

Unemployment

  • Unemployment Rate Dec. 2012 %: 3.2
  • Comparison with Nat’l Rate (7.80%): -4.6

Domestic Migration

  • Domestic Net Migration ’10-’11: 6,368
  • Rank: 15

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,282
  • State & Local Gov’t Employees per 10k Residents: 649.5

State-Local Tax Burden

  • Rate (%): 9.6
  • Compared to Nat’l Avg. (9.9%): -0.28
Key Companies
  • MDU Resources
  • Titan Machinery
  • Investors Real Estate Trust
Development Trend Indicator: Neutral
State stays out of way of booms in energy production and agriculture.
CEO Comments
“We find several states today as ‘real comers.’ This is especially true with Kentucky, Louisiana, North Dakota, Montana and Tennessee (although it has been on a fast track somewhat longer than the others)”

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

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