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Financial Incentives

Financial Incentives

Not only does North Dakota boast one of the most unencumbered airspaces in the United States, but it is one of the only states currently operating with a budget surplus. Residents and businesses alike are currently enjoying some of the largest cuts in income and property taxes in the state's history. These funds and savings are ideal for business owners looking to invest in their current business or explore new opportunities in the market.
In addition to the recent tax cuts, businesses in North Dakota enjoy the advantages provided by the following incentives:

  • An Income tax credit for research expenditures

  • A Corporate income tax credit for new and expanding businesses

  • Sales and use tax exemption for manufacturing equipment

  • No personal property tax, including taxes on equipment, inventory, materials in process and accounts receivable.

  • Grant, low-interest loan and training programs

  • Lowest workers compensation rates in the nation

  • Environment friendly to manufacturer's aviation liability

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