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North Dakota Ranked #1 as Best State to Start a Business
Post Date: Jul 06 2017

By ND Commerce
North Dakota was ranked as the #1 best state to start a business by  WalletHub. North Dakota came in ahead of neighboring states South Dakota (10th), Montana (11th) and Minnesota (30th).
 
In creating the list, WalletHub ranked all 50 states across 20 key indicators of startup success. North Dakota ranked #1 in the categories of highest average growth in the number of small businesses and most accessible financing.
 
“Building a business-friendly environment has been a goal for North Dakota, and Governor Burgum’s strategy is to continue to grow our start-up opportunities,” Commerce Commissioner Jay Schuler said. “Rankings such as this point to North Dakota’s overall strength in attracting workers and businesses to the opportunities we have to offer.
 
Rounding out the top five states were Texas (2), Utah (3), Oklahoma (4) and Nebraska (5). WalletHub notes that a state that provides the ideal conditions for business creation — access to cash, human capital and affordable office space, for instance — can help new ventures not only take off but also thrive.
 
The full ranking is available online at www.wallethub.com
 
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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