Economic Incentives & Tax Credits
High impact incentives for small businesses in North Dakota
North Dakota’s growing manufacturing, technology-based businesses, unmanned systems, agricultural and energy industries are drawing some of the world's most recognized companies into the state and providing expansion for some of our homegrown ones. Manufacturing accounts for 7.3 percent of North Dakota's Gross State Product and when it comes to energy and natural resources, the state provides many incentives to stimulate growth for existing infrastructure and new renewable energy projects.
Top tax incentive programs for small and medium-sized businesses in North Dakota
Coal Conversion Facility Privilege Tax Exemptions
This program provides tax exemptions for coal conversion facilities.
ND Angel Investor Investment Tax Credit
An income tax credit is available to individuals who set up a North Dakota angel fund for the purpose of pooling their monies to make qualified investments in qualified businesses.
ND Property Tax Exemption
A North Dakota business project may qualify for a property tax exemption for up to five years.
New or Expanding Business Income Tax Exemption
A primary sector or tourism business may qualify for an income tax exemption for up to five years. “Primary sector” refers to a business that adds value to a product, process, or service that produces new wealth in North Dakota
Seed Capital Investment Credit
A taxpayer is allowed an income tax credit for investing in a qualified business.
Data Centers Sales Tax Exemption
Owners, operators, and tenants of a qualified data center may be granted a sales tax exemption on information technology equipment and computer software.
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Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.