Businesses Surviving in North Dakota - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Businesses Surviving in North Dakota

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Some recent numbers spell good news for business in North Dakota.

The state is ranked second in the nation when it comes to business survival rates.

That's according to a study done by the bureau of labor statistics.

Business leaders in North Dakota say the addition of stores for people to shop has a ripple effect.

"It diversifies the number of options that people have for shopping and as that diversification increases, more people want to come because they can satisfy what they're looking for," said John MacMartin, the President of the Minot Area Chamber of Commerce. "Likewise, if the economy is growing, it doesn't remain at status quo. You're either growing, or you're shrinking," he added.

Nationally, California had the highest survival rate of businesses.

 

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