If you’re starting an LLC in North Dakota, the business entity formation process is one of the first and most important hurdles. This step can bet ...
17 Best Business Ideas In North Dakota
Written by: Esther Strauss
Esther is a business strategist with over 20 years of experience as an entrepreneur, executive, educator, and management advisor.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Published on September 29, 2022
Updated on November 5, 2023
North Dakota is one of the US’ largest, yet least populous states. It’s known for the Badlands, which is now part of Theodore Roosevelt National Park. While the state is home to many farms and ranches, it also has a booming oil and gas extraction industry.
You could get into healthcare, retail, or professional services, as well a tourism or wellness. Scroll through our list of smart North Dakota business ideas and see if something sparks your interest.
1. Fish Farm
North Dakota’s expansive freshwater resources present a prime opportunity for fish farming. With the state’s agriculture sector thriving, integrating aquaculture allows diversification, catering to the local demand for fresh fish while also providing an opportunity for export. With careful management and adherence to sustainable practices, fish farming could become a staple in the state’s economy, especially with the growing market for healthy, locally sourced protein.
2. Real Estate
The real estate market in North Dakota has been dynamic, with the state’s energy boom driving demand for both residential and commercial properties. There’s potential in developing housing for workers, retail spaces for businesses, and industrial areas for manufacturing. Real estate investors and developers can capitalize on this growth, especially in areas influenced by the oil industry’s presence.
3. Health Care
With an aging population and a scattered rural demographic, North Dakota offers ample opportunities for health care services. There’s a constant need for medical facilities, home care services, and specialized health care providers. Establishing a health care business here can serve not just the immediate community but also create a network that supports remote areas, leveraging telehealth advancements.
4. Manufacturing
Manufacturing in North Dakota has been traditionally linked with agriculture, but there’s room for diversification. Entrepreneurs can consider small-scale manufacturing units that focus on value-added agricultural products, energy sector equipment, or tech-related manufacturing, taking advantage of the state’s favorable tax and business policies.
5. Wholesale
North Dakota’s central location in North America makes it an excellent hub for wholesale businesses. With its robust transportation infrastructure, wholesalers can easily distribute agricultural, energy-related, and manufactured goods to both U.S. and Canadian markets. Moreover, the state’s low cost of doing business makes it a lucrative option for wholesale distributors.
6. Catering
The state’s culture of community and gatherings, from church events to local celebrations, provides a nurturing environment for catering businesses. There’s also a corporate aspect to consider with the burgeoning oil industry hosting events and requiring catering services. Caterers who source local ingredients can benefit from the ‘farm-to-table’ trend that’s growing in popularity.
7. Farm
Agriculture is the backbone of North Dakota’s economy. There’s a wealth of opportunity in traditional farming, but also in exploring niche markets like organic produce or specialty grains. With the state’s support for agribusiness, starting a farm can be a fruitful venture, especially if it incorporates modern sustainable practices and precision agriculture technologies.
8. Recruiting Agency
As industries in North Dakota continue to grow, so does the need for qualified employees. A recruiting agency specialized in placing workers in the energy, healthcare, or tech sectors could fill a vital niche. Understanding the local economy’s needs and having a network that extends beyond state borders could position such an agency as a key player in the state’s development.
9. Check Cashing
With a significant portion of North Dakota’s population living in rural areas, some residents may not have easy access to banking services. A check-cashing business could provide a necessary service, facilitating immediate access to funds for those who need it, especially in areas where banks are not readily available or for workers looking for quick cashing of paychecks.
10. Wellness Center
North Dakotans are becoming increasingly health-conscious, and a wellness center that offers holistic health services – such as fitness classes, nutrition counseling, and stress management – could tap into this market. Emphasizing local wellness practices and integrating traditional health methodologies could appeal to both residents and visitors.
11. Hair Salon
A hair salon in North Dakota could serve a steady clientele with the right mix of skilled service, community involvement, and a welcoming atmosphere. In a state where personal connections are vital, a local salon could become a social hub, as well as a place for personal care, catering to all ages and demographics.
12. Manufacturing Company
Starting a manufacturing company in North Dakota, particularly one that dovetails with the state’s industries like agriculture, energy, or technology, can meet in-state needs and generate export potential. With incentives for manufacturers and a strategic geographic location, a well-planned manufacturing firm can establish a strong market presence.
13. Dry Cleaning
Despite being a state known for its casual dress code, there’s always a need for dry cleaning services, especially in urban centers like Fargo and Bismarck. Catering to professionals, the service sector, and the oil industry workers who require uniform cleaning, a dry cleaning service could carve out a stable market niche.
14. Cremation Service
With societal trends shifting towards cremation, starting a cremation service in North Dakota could meet an emerging demand. Offering compassionate, affordable services could resonate with the community, ensuring the business is a respected part of local life.
15. Tourism Agency
North Dakota’s rich history, outdoor recreation opportunities, and cultural sites present untapped potential for a tourism agency. By crafting unique travel packages highlighting the state’s attractions, such as Theodore Roosevelt National Park or the Lewis and Clark Trail, a tourism agency can draw visitors from across the nation and beyond.
16. IT Consulting
As businesses across North Dakota embrace technology, the demand for IT consulting services grows. An IT consulting firm that can offer solutions to the specific challenges faced by local businesses, from agricultural technology to energy sector software, can become an indispensable part of the state’s economic infrastructure.
17. Daycare Center
With more dual-income families and single parents working, there’s a growing need for quality childcare. A daycare center that offers a safe, educational, and nurturing environment can provide peace of mind for parents and become an integral part of the community. With the right location and a focus on early education, such a center can thrive in North Dakota’s family-oriented towns and cities.
17 Best Business Ideas In North Dakota
- Fish Farm
- Real Estate
- Health Care
- Manufacturing
- Wholesale
- Catering
- Farm
- Recruiting Agency
- Check Cashing
- Wellness Center
- Hair Salon
- Manufacturing Company
- Dry Cleaning
- Cremation Service
- Tourism Agency
- IT Consulting
- Daycare Center
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