South Dakota is the 19th Best State for Business 2012

No. 19 South Dakota Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State [...]

May 2 2012 by ChiefExecutive.net


No 19: South Dakota

No. 19

South Dakota

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 9.84
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 10.17

Unemployment

  • Unemployment Rate Dec. 2011 %: 4.20
  • Comparison with Nat’l Rate (8.50%): -4.30

Domestic Migration

  • Domestic Net Migration ’00-’09: 7,182
  • Rank: 27

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,291
  • State & Local Gov’t Employees per 10k Residents: 545.70

State-Local Tax Burden

  • Rate (%): 7.59
  • Compared to Nat’l Avg. (9.8%): -2.21
Key Companies
  • Blask Hills Corp.
  • NorthWest Corp.
  • LodgeNet Interactive
Development Trend Indicator: Negative
Suffers with middling company-friendliness and stiff competition to north.

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