| State | North Dakota | | State 2 | North Dakota | | Official Name | State of North Dakota | | 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>Business Climate and Viability</h4>
North Dakota has a pro-business climate and is known for its low taxes, minimal regulations, and access to capital. The state has a diverse economy, with key industries including agriculture, energy, manufacturing, and technology.<br />
<br />
According to a report by WalletHub, North Dakota ranks 7th in the nation for the best states to start a business. The report looked at factors such as business environment, access to resources, and business costs.
<h4>State Mascot, Population, and Small Businesses</h4>
North Dakota's official animal mascot is the Nokota horse. The state has a population of approximately 765,000 people. As of 2021, there were over 94,000 small businesses in North Dakota, making up 99.3% of all businesses in the state.
<h4>Projections and Stats About Small Businesses</h4>
According to the Small Business Administration (SBA), small businesses in North Dakota employed over 200,000 people in 2020, which is about 54% of the state's private workforce. The SBA also reports that small businesses in North Dakota created over 6,000 new jobs in 2020.<br />
<br />
In terms of industry, the top sectors for small businesses in North Dakota are:<br />
<br />
<ol>
<li>Agriculture, forestry, fishing, and hunting</li>
<li>Healthcare and social assistance</li>
<li>Retail trade</li>
<li>Accommodation and food services</li>
<li>Construction</li>
</ol>
North Dakota also has a strong entrepreneurial community, with resources available to help small business owners start and grow their businesses. These resources include the North Dakota Small Business Development Centers, the North Dakota Women's Business Center, and the Innovate ND program.
<h4>Conclusion</h4>
Overall, North Dakota offers a favorable climate for small business owners. With a diverse economy, access to resources, and a strong entrepreneurial community, the state is a great place to start and grow a small business. Plus, who wouldn't want to be in a state with a horse as its official animal mascot?<br />
<br /> | | State City | Jamestown | | Largest City | Bismarck | | Capital | Bismarck | | State Cities | Fargo | | State Abbreviation | Williston |
|