Grand Forks, ND-MN

Business Ideas & Market Opportunities

The Grand Forks market is currently outpacing the national growth rate. Our analysis identifies 18 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

2,674

Total Competition Pool

Market Size

104K

Total Metro Population

5-Year Growth Rate

+2.0%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

32

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 71 opportunities

Offices of All Other Miscellaneous Health Practitioners

Growth
+100.0%
Scale
$3733.0M REV
Saturation
0.57
72 establishments

Painting and Wall Covering Contractors

Growth
+83.3%
Scale
$76K PAY
Saturation
0.98
11 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+72.7%
Scale
$416K PAY
Saturation
1.37
19 establishments

Other Gambling Industries

Growth
+61.5%
Scale
$116K PAY
Saturation
26.51
21 establishments

Offices of Real Estate Agents and Brokers

Growth
+47.1%
Scale
$120K PAY
Saturation
0.51
25 establishments

Residential Remodelers

Growth
+44.0%
Scale
$174K PAY
Saturation
0.92
36 establishments

General Automotive Repair

Growth
+41.7%
Scale
$147K PAY
Saturation
1.41
34 establishments

All Other Amusement and Recreation Industries

Growth
+40.0%
Scale
$86K PAY
Saturation
2.20
14 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+36.8%
Scale
$187K PAY
Saturation
1.04
32 establishments

All Other General Merchandise Stores

Growth
+33.3%
Scale
$340K PAY
Saturation
1.22
16 establishments

General Freight Trucking, Long-Distance, Truckload

Growth
+28.6%
Scale
$979K PAY
Saturation
1.59
27 establishments

Other Scientific and Technical Consulting Services

Growth
+25.0%
Scale
$162K PAY
Saturation
1.25
10 establishments

Administrative Management and General Management Consulting Services

Growth
+25.0%
Scale
$925K PAY
Saturation
0.48
15 establishments

Engineering Services

Growth
+25.0%
Scale
$1.3M PAY
Saturation
1.08
20 establishments

Farm and Garden Machinery and Equipment Merchant Wholesalers

Growth
+20.0%
Scale
$1.4M PAY
Saturation
11.03
18 establishments

Supermarkets and Other Grocery Retailers (except Convenience Retailers)

Growth
+17.6%
Scale
$1.1M PAY
Saturation
1.12
20 establishments

Landscaping Services

Growth
+17.1%
Scale
$178K PAY
Saturation
1.40
48 establishments

Drywall and Insulation Contractors

Growth
+16.7%
Scale
$253K PAY
Saturation
2.35
14 establishments

Residential Intellectual and Developmental Disability Facilities

Growth
+14.3%
Scale
$449K PAY
Saturation
4.76
48 establishments

Janitorial Services

Growth
+14.3%
Scale
$162K PAY
Saturation
1.20
24 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Grand Forks:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?