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North Dakota Ranks #1 in Fastcompany.com List of States with Best Economic Prospects for 2017
Post Date: Nov 30 2016

By ND Commerce
North Dakota ranks 1st in today’s FastCompany.com list of states with the best economic prospects for 2017. The list provides power rankings for each state based on employment, housing, and other trends showing which states are poised for growth and which are falling behind. 

“We have worked hard and strategically to diversify the economy of North Dakota and this is further proof our work is paying off,” North Dakota Commerce Commissioner Alan Anderson said. “The boom in our technology, manufacturing and aviation industries are allowing us to continue to be one of the top rated places in the nation to do business. There has never been a better time to be in business in North Dakota.” 

The rankings are based on data gathered from the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Kauffman startup Index and Zillow. 

According to the study, North Dakota was first in startup density, with an average increase of 5.56 percent in new business activity. It also came in first for household income, with an average increase of 4.1 percent, and first in GDP per capita, with an average increase of 4.54 percent. 

Rounding out the top 5 states on the list are Oklahoma, Texas Michigan and California.The full report is available at https://www.fastcompany.com/3066059/the-future-of-work/these-are-the-states-with-the-best-economic-prospects-for-2017.

The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.
 
For more North Dakota news and information go to www.NDCommerce.com.
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