North Dakota 2020 Snapshot | Early-Stage Entrepreneurship Entrepreneurship is important for job creation, innovation, and the economy. This brief provides a snapshot of various indicators related to early-stage entrepreneurial activity in North Dakota. DOWNLOAD THE NORTH DAKOTA 2020 SNAPSHOT [PDF] RATE OF NEW ENTREPRENEURS How many people are becoming entrepreneurs? In 2020, the rate of new entrepreneurs in North Dakota was below the national rate. In North Dakota, the rate of new entrepreneurs in 2020 was 0.32%, meaning that 3.2 out of every 1,000 adults became new entrepreneurs, on average, in a given month. This compares to 0.34% nationally. VIEW NORTH DAKOTA DATA OPPORTUNITY SHARE OF NEW ENTREPRENEURS How many new entrepreneurs created their business out of opportunity? The opportunity share of new entrepreneurs was higher in North Dakota compared to the rest of the nation in 2020. The opportunity share of new entrepreneurs was 95.1% in North Dakota in 2020, comparedto 80.9% nationally. VIEW NORTH DAKOTA DATA STARTUP EARLY JOB CREATION How many jobs are created by new businesses? In 2020, the number of jobs created by startups in North Dakota was below the national level. There were 4.5 jobs created by startups per 1,000 people in North Dakota in 2020, compared to 5.0 jobs created by startups at the national level. VIEW NORTH DAKOTA DATA STARTUP EARLY SURVIVAL RATE How many businesses survive their first year? In 2020, the share of startups that survive at least one year was higher in North Dakota compared to the national level. In 2020, 78.7% of startups in North Dakota survived at least one year, compared to 78.1% of startups at the national level. VIEW NORTH DAKOTA DATA