Economy
Fargo Moorhead is home to a growing number of innovative technology and biomedical companies, attracted to the region for many reasons:
- Labor costs that are among the most competitive in the nation, partly as a result of extremely low absenteeism and turnover rates;
- Some of the most affordable utilities in the country;
- Relatively low facility and construction costs;
- A favorable tax climate that promotes growth and opportunity; and
- Advanced telecommunications infrastructure, vast energy reserves and readily available water supplies.
Employment by Industry
Labor Statistics
Fargo Moorhead MSA Labor Force |
121,007 |
Employed |
117,003 |
Unemployment Rate |
3.3 % |
National Unemployment Rate |
9.2 % |
Source: Job Service North Dakota and Minnesota Department of Employment and Economic Development, September 2010
Number of Business Establishments
Fargo Moorhead MSA |
6,248 |
Clay County, MN |
1,267 |
Barnesville, MN |
93 |
Dilworth, MN |
64 |
Hawley, MN |
91 |
Cass County, ND |
4,981 |
Casselton, ND |
93 |
Mapleton, ND |
21 |
West Fargo, ND |
617 |
Per U.S. Census Bureau, County Business, county and Zip Code Business Patterns, 2008
Businesses with No Paid Employees
Cass County, ND |
9,934 |
Clay County, MN |
3,632 |
Fargo Moorhead MSA |
13,566 |
Per U.S. Census Bureau, County Business Patterns, 2008
Visit our Business Directory or call 218.233.1100 to learn more about Fargo Moorhead’s economic climate.
