17 of 50
BACKNEXT
Fargo, ND
Fargo, ND
Jeff Young
Lighthouse1

We're a little biased, but the talent pool around Fargo is tremendous. Within 100 miles there are a lot of colleges. We run a very strong intern program -- that's not real expensive -- to augment our workforce.

Lighthouse1, with about 100 employees between Fargo and Minneapolis, provides software-as-a-service for managing health care reimbursement accounts for consumers and small businesses.

Microsoft's presence makes recruiting easier for us. If you hire someone, maybe their spouse wants to work in a big company, or maybe someone wants to leave a big business for a smaller shop.

People right out of school can afford to live better here, maybe buy a house earlier and spend time on a lake. The Fargo-Moorhead economic development council is very aggressive in technology. And the state has done a good job reinvesting dollars from the economic boom in energy and agriculture in the tech corridor.

There are jobs -- agriculture stayed strong throughout the recession, and North Dakota is one of only two states not running a significant budget deficit.

There are a lot of locally owned storefronts and restaurants and longtime, family-owned businesses. I think that means there's a bit of a different horizon on how to make money and succeed here, compared to venture capital scenarios elsewhere. People may be a bit more patient and focused long term. Doug Burgum, who sold Fargo-based Great Plains Software to Microsoft years ago, now runs Arthur Ventures, a local VC firm. -Barbara Darrow

See complete data for Fargo, ND

NEXT: Fayetteville, AR

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Oct 20 2009 | 9:39 AM ET
Best launch spots: See all 50 Growing economies, great workers, stable housing markets -- these metro areas have what entrepreneurs need to thrive. More
Tax havensWant to keep more of your profits? Check out these 5 states, where taxes are low -- and in some cases, nonexistent. More
5 deadly spots Every restaurateur knows about Cursed Locations. Here's a look at 4 trying to break the streak -- and one that failed. More
Sponsors

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.