New Business? Try North Dakota
North Dakota was recently named the third best state to do business in a CNBC survey, up from fifth place in 2012 and just behind South Dakota, which was number one, and number two ranking Texas. According to the survey, one of the forces driving the state's strong finish was its number two ranking in the economy category, spurred by record oil production in the Bakken Oil Fields.
But with agriculture still the largest industry in North Dakota, some area business leaders believe that while oil production in the west may be partially responsible for the state's prosperity, the agricultural industry in the eastern portion of the state is still North Dakota's most important industry.
"Agriculture isn't enough to sustain any state," said CNBC's Scott Cohn in an interview last week. "But it's a terrific base."
Read more in Friday's Times-Record.