North Dakota

Highlights

• #8 of 50: Economic output and wealth
• #17 of 50: Innovation and patents
• #31 of 50: Talent

The seven inputs

Each input is a z-score against the other states: 0 is the average state, and each step is one standard deviation (capped at ±3). Ranks are among the 50 states.

• Venture capital -1.2 #44 of 50
• Startup formation -0.8 #43 of 50
• Scale-ups -0.6 #41 of 50
• Economic output and wealth +0.8 #8 of 50
• Innovation and patents +0.4 #17 of 50
• Talent -0.3 #31 of 50
• Momentum -0.4 #36 of 50

Top companies

The largest companies headquartered in North Dakota, by latest annual revenue.

1. Everus Construction Group Inc. ECG · Consumer Discretionary · Bismarck, ND $3.7B
2. Knife River Corporation KNF · Materials · Bismarck, ND $3.1B
3. Titan Machinery Inc. TITN · Consumer Discretionary · West Fargo · Fargo, ND-MN metro $2.4B
4. MDU Resources Group Inc. MDU · Materials · Bismarck, ND $1.9B
5. NI Holdings Inc. NODK · Financials · Fargo, ND-MN $285M

Roots Density Data, All Companies (public: SEC filings; private: Forbes Top Private Companies 2025). Ranked by latest annual revenue.

Metros in North Dakota

• Fargo, ND-MN #71 of 109 metros 35
• Bismarck, ND #102 of 109 metros 13