The diversity of the state’s technology industry contributes significantly to the overall growth and economic strength of North Dakota. More than 4,110 businesses within the tech subsectors employ 21,671 North Dakotans in various fields including technology, human relations, finance, and marketing.
The tech industry generates tax revenue for both local and state governments, and agriculture, health care, energy, manufacturing, and financial services are all impacted by technology, which plays a key role in enhancing the productivity and growth of these and many other industries.
The impact of technology on the state is outlined in three critical elements:
• Tech businesses are knowledge-based and create a significant number of high-paying jobs.
• The tech industry is categorized as a primary sector, meaning it brings outside dollars into the state.
• Tech industries on average generate higher-added value per worker than non-tech industries.