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North Dakota also led the nation in earnings, which increased at an annualized rate of 12.4% in the first quarter of 2023 ? nearly triple the national growth rate of 4.6%.
Overview of the North Dakota Economy The top three sectors by total employment are Mining, Agriculture, Forestry, Fishing and Hunting, Healthcare and Social Assistance, while the unemployment rate across the state in 2023 was 2.3%.
The North Dakota Federal/State Loan Repayment Program (SLRP) provides loan repayment assistance to certain medical professionals who agree to practice in a Health Professional Shortage Area of North Dakota. Sites must provide matching funds. Recipients must agree to a minimum 2-year service agreement. Learn more here.
The Legacy Investment for Technology Loan Fund (LIFT) is an innovation loan fund that supports technology advancement by providing financing for commercialization of intellectual property within the state of North Dakota.
"Money brokering" means the act of arranging or providing loans or leases as a form of financing, or advertising or soliciting either in print, by letter, in person, or otherwise, the right to find lenders or provide loans or leases for persons or businesses desirous of obtaining funds for any purposes.
"Primary sector business" means an individual, corporation, limited liability company, partnership, or association certified by the department of commerce division of economic development and finance which through the employment of knowledge or labor adds value to a product, process, or service which results in the ...
The top three sectors by total employment are Mining, Agriculture, Forestry, Fishing and Hunting, Real Estate and Rental and Leasing, while the unemployment rate across the state in 2022 was 2.8%.
Business incentives, government accessibility, and workforce performance, combined with North Dakota's favorable position as one of the lowest cost states for operating a business, are driving top companies to establish operations in North Dakota.