Top States For Business

12. North Dakota

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce27541
Cost of Doing Business1742925
Infrastructure21968
Economy17826 (Tie)13
Quality of Life242719
Technology & Innovation7044 (Tie)41 (Tie)
Education12214 (Tie)15
Business Friendliness11841
Cost of Living382629
Access to Capital183331 (Tie)
Overall1454126

Economic Profile

Governor: Jack Dalrymple, Republican

Population: 756,927

GDP growth: -2.1 percent

Unemployment rate (May 2016): 3.2 percent

Top corporate tax rate: 4.31 percent

Top individual income tax rate: 2.90 percent

Gasoline tax: 41.40 cents/gallon

Bond rating/outlook: Aa1, negative

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, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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