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South Dakota is the 18th Best State for Business 2013

Previous State: Wisconsin Next State: Kansas

No. 18South Dakota

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 0.8
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.7

Unemployment

  • Unemployment Rate Dec. 2012 %: 4.3
  • Comparison with Nat’l Rate (7.80%): -3.5

Domestic Migration

  • Domestic Net Migration ’10-’11: 2,610
  • Rank: 20

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,291
  • State & Local Gov’t Employees per 10k Residents: 545.7

State-Local Tax Burden

  • Rate (%): 7.8
  • Compared to Nat’l Avg. (9.9%): -2.11
Key Companies
  • Blask Hills Corp.
  • NorthWest Corp.
  • LodgeNet Interactive
Development Trend Indicator: Neutral
Resolute legislature has to keep knocking down efforts to boost sales taxes.

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

Previous State: #17 Wisconsin Next State: #19 Kansas

Picture of J.P. Donlon

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.
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