| State | ND | | State 2 | Minot | | Official Name | Grand Forks | | States | <span style="font-size: 1.1em;color:green"> <br />
<div class="fa-3x"> <i class="fa-duotone fa-image-landscape fa-3x" style="--fa-primary-color:green ; --fa-secondary-color: gold "> </i></div>Starting a small business in North Dakota.
<h4>The Business Climate in North Dakota</h4>
North Dakota is a state that has been experiencing steady economic growth in recent years, and it's a great place to start a small business. The state's unemployment rate is consistently below the national average, and there is a strong emphasis on supporting local businesses.
<h4>Viability of Starting a Small Business in North Dakota</h4>
North Dakota has a relatively low cost of living and a business-friendly tax climate, which makes it an attractive location for entrepreneurs. Additionally, the state has a growing population, which provides a steady customer base for small businesses.
<h4>North Dakota's Official Animal Mascot and Population</h4>
North Dakota's official animal mascot is the American Bison, which is a symbol of the state's cultural and historical significance. As of 2021, the estimated population of North Dakota is around 779,094, which provides a decent customer base for small businesses.
<h4>Number of Small Businesses in North Dakota</h4>
North Dakota has a total of approximately 79,000 small businesses, which make up 99.4% of all businesses in the state. These small businesses employ around 61% of the state's workforce and contribute significantly to the state's economy.
<h4>Projections and Stats for Small Businesses in North Dakota</h4>
According to projections, the small business sector in North Dakota is expected to continue growing in the coming years. Additionally, the state has a relatively low startup failure rate, which is a positive sign for entrepreneurs. Here are some other stats and facts about small businesses in North Dakota:
<ul>
<li>Small businesses in North Dakota employ around 221,000 people.</li>
<li>The state's small businesses generated around $20.5 billion in revenue in 2020.</li>
<li>The top industries for small businesses in North Dakota include healthcare, retail trade, and accommodation and food services.</li>
</ul>
Overall, North Dakota is a great place to start a small business, with a strong emphasis on supporting local businesses and a growing economy. If you're considering starting a small business in the state, be sure to do your research and take advantage of the resources available to entrepreneurs. | | State City | Fargo | | Largest City | Dickinson | | Capital | Bismarck | | State Cities | Mandan | | State Abbreviation | North Dakota |
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