While North Dakota's overall economy is relatively small compared to other states, its major cities, Fargo and Bismarck, are experiencing rapid growth and development. The state's growing economy, coupled with a tax-friendly environment and high quality of life, has been attracting both ambitious millennials and driven entrepreneurs. Surprisingly, despite its modest size, North Dakota holds the top spot in the nation for the number of start-ups. The state offers a favorable combination of opportunities and support systems that foster initiative and innovation among small business (SMB) owners. This environment of entrepreneurial spirit and resources contributes to the economic vibrancy and strength of the Peace Garden State.
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