POPULATION:723,393 (2013 estimate)
LABOR FORCE: 400,588 (2013)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES:Agricultural production, mining
EXPANDING INDUSTRIES: Information technology (computer programming services, shared service centers-back offices, manufacturing software, electronic commerce), food processing, industrial and agricultural equipment manufacturing, electronics manufacturing, energy, renewable energy
COLLEGE GRADUATES: (Age 25 and over) 41.0% (2013 ACS estimate)
BASIC BUSINESS TAXES:
Corporate Income Tax: The corporate income tax rate was lowered effective January 1, 2013. The current corporate income tax rate range is 1.48 to 4.53 percent with exemptions.
Sales Tax: 5 percent on retail sales of tangible personal property and certain services; more than 100 cities levy local tax, ranging between 1 and 2.5 percent
Property Tax: Administered, levied (at different levels), collected, and expended at the local level to support schools, counties, cities, townships, and other local government units; state does not levy a property tax for general government operations (with exemptions); five-year property tax exemption for new and expanding businesses with two extensions available
Unemployment Tax: 1.22 percent of the first $33,600 of wages per employee for new businesses, nonconstruction Workers' Compensation Tax: Rates apply to only the first $33,600 of wages per employee. Employers may be eligible for a discount on their premium.
BUSINESS INCENTIVES:
North Dakota Department of Commerce — Economic Development & Finance Division:
• North Dakota Development Fund (gap financing)
Bank of North Dakota:
• PACE (interest buydown program)
• MATCH (low-interest loans)
• Business Development Loans
• Micro Business Loan Program
Job Service North Dakota:
• Workforce 20/20
• North Dakota New Jobs Program