North Dakota is a largely agricultural land. In fact, 90% of the state's land is dedicated to agriculture, which is also the primary support of economy. Due to the large proportion of the land going towards agriculture, the state is one of the least populated in the US. What does this mean for investors and owners planning to start a business in North Dakota?
Despite the modest population and farming tradition, two of the largest cities in the state (Fargo and Bismarck) are rapidly expanding economy-wise. The recent economic growth has attracted entrepreneurs who see the opportunity that the state has to offer. While the state's economy is small, it is growing at a pace that is more rapid than anywhere else in the country.
The state's tax-friendly environment is also one of the reasons why entrepreneurs are motivated to set up their business here. It is recognized as one of the top 10 states in terms of business tax benefits (at a modest 5%).
The high quality of life is also another reason to consider starting a business in North Dakota. It is rich in natural resources, community-oriented neighborhoods, and beautiful scenery. The high quality of life is well complemented by the low cost of living.
The wonderful range of opportunities make North Dakota a thriving startup scene. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in North Dakota. Although you won't find any mountainous roads in North Dakota, you will encounter icy and snow-covered roads during North Dakota's long winter. North Dakota's extreme winter weather can make driving especially dangerous, making auto insurance ever so important. All drivers must hold insurance that includes bodily injury, uninsured/underinsured motorist coverage, and personal injury protection. The below local contacts are the perfect resource if you want to compare affordable auto insurance rates and quotes among insurance companies licensed in North Dakota. We recommended that you get at least a few different low cost quotes if you want to find cheap car insurance in the state. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
North Dakota is located at the Upper Midwest region of the United States. It features rugged badlands, lush woodlands, and lots of water-fed natural attractions. The state features a mix of different cultures in the region, which is pretty apparent in its historic sites and museums. Most of its cities also provide a glimpse into the history and culture of the region.
North Dakota is the fourth least populated and 19th largest state (in terms of land area) in the country. Its largest city, Fargo, is also the most populated, while its capital Bismarck is the second most populous.
The highlight to any trip in this state is definitely the Theodore Roosevelt National Park. Named after the 26th president of the United States, the park features tons of hiking and superb scenic drives. Another must-see in this state is the National Buffalo Museum, which features the world's largest bison.
The economy of the state was largely dependent on agriculture and fossil fuels. Today, the service sector is the dominant industry. Agriculture and mining also play a huge role.
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