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North Dakota Ranks 8th on Forbes Best States for Business List
Post Date: Nov 17 2016

By ND Commerce
North Dakota ranks 8th in the Forbes annual best states for business list which measures which states have the best business climates and are poised to succeed going forward.

“We have worked hard and strategically to diversify the economy of North Dakota,” North Dakota Commerce Commissioner Alan Anderson said. “Our technology, manufacturing and aviation industries are booming allowing us to continue to be one of the top rated places in the nation to do business.” 

The Forbes annual ranking measures six categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. They factor in 40 metrics from 17 sources to determine the ranks across the six main areas. The overall ranks are based on a combination of ranks in the six main categories. 

“Companies like Microsoft, Northrop Grumman and Bobcat have all recently announced expansions plans and groups like NASA are committed to long-term projects in North Dakota,” Anderson said. “Our economy is strong and there has never been a better time to be in business in North Dakota.” 

Utah ranked 1st in the Forbes report for the third year. The full report is available at http://www.forbes.com/best-states-for-business

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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