Sharing a border with Canada to the north, North Dakota is ideally situated to facilitate international trade between the Midwestern United States and Canada. Today the state’s economy is driven by agriculture, technology, food processing and resource extraction, particularly oil from the Bakken fields in the northwestern region of the state. North Dakota boasts one of the lowest unemployment rates in the United States, and has enjoyed a budget surplus every year since 2008. In this research brief we will review some of the state grants and resources available to small businesses in North Dakota.
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Home to the storied Mississippi River and the Ozark Mountains, Missouri has a special place in America’s history. The state acted as a conduit for settlers expanding the United States westward, who founded the Pony Express, the Santa Fe Trail and other migratory routes in Missouri. Economically Missouri is a diverse region; major industries in the state include beer and wine brewing, aerospace, food processing, transportation and electrical equipment manufacturing. In this research brief we will review some of the state-level grant and support programs available for small businesses based in the state.
Nestled in the heart of the U.S. Midwest, South Dakota is home to a thriving agricultural sector and stunning natural landscapes, including the majestic Black Hills. While ranching and farming of corn, soybeans and other products are the primary drivers of the state economy, defense spending, finance, healthcare and tourism – driven mainly by visitors to Mount Rushmore – also play important roles in supporting the economic well-being of South Dakota.
Oklahoma has enjoyed a unique kind of economic success over the past decade. In 2007, the state boasted one of the fastest-growing economies in the U.S., pushing Oklahoma to the forefront of national GSP growth. The state is home to strong natural gas and oil industries, as well as a robust agricultural sector, and also counts telecommunications, aviation and energy industries among primary drivers of the state economy. In this research brief we will review some of the state grant, financing and tax incentive programs available for small businesses and entrepreneurs in Oklahoma.
Founded as a part of French Louisiana and brought into the United States with the Louisiana Purchase, Iowa’s economy has progressed from being primarily based on agriculture to encompass manufacturing, financial services, IT, biotech and sustainable energy development. Described by Insurance Journal as one of the safest states to live, and sharing a border with several Midwestern states, Iowa is an excellent choice for entrepreneurs who would like to start or relocate a business to a welcoming state. In this research brief we will review some of the state financing and support programs that are available to small businesses in Iowa.
Delaware, sometimes called “the First State” because it was the first to ratify the United States Constitution, is the second-smallest state by area but also a hub for many corporations’ headquarters thanks to a corporation law that is attractive to business. More than half of all publicly traded companies based in the U.S. – and more than 60 percent of the Fortune 500 - are incorporated in Delaware. Education, banking, chemical and pharmaceutical development, healthcare and farming are all important drivers of the state economy. In this research brief, we will review some of the state-level funding and support initiatives that are available to serve new and established businesses in Delaware.
Since the early 20th century, South Carolina has been home to a robust textiles industry, large-scale agricultural production and a strong tourism sector. The state is particularly favorable to corporate investment, thanks to a 5 percent corporate tax rate and no state taxes on property, income, or inventory, and no sales tax on industrial equipment and materials purchases. South Carolina enjoys a long coastal plain on the Atlantic Ocean and the Blue Ridge mountains, making the state geographically diverse and attractive to those who love the outdoors. In this research brief we will review some of the financing and business support programs available to enterprises based in the state, and provide links to find out more about these programs.