South Dakota is 15th Best State for Business 2014

Topping Bankrate.com’s Best States for Retirement, CNBC says that North Dakota has a lot going for it, including a low cost of living, crime rate and taxes and quality healthcare. Home to Mount Rushmore, the cost of living is more than 18% lower than the national average, according to published reports.

Previous State: Wisconsin Next State: Colorado

No. 15 South Dakota

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 3.1
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 3.6
  • Comparison with Nat’l Rate (6.70%): -3.1

Domestic Migration

  • Domestic Net Migration 2013: 4,762
  • Rank: 15

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 4,551
  • State & Local Gov’t Employees per 10k Residents: 545.7

State-Local Tax Burden

  • Rate (%): 7.6%
  • Compared to Nat’l Avg. (9.9%): -2.28%
Key Companies
  • Blask Hills Corp.
  • NorthWest Corp.
  • LodgeNet Interactive
Development Trend Indicator: Positive
Employment shows vigor as legislature enacts economic-development package.


Based on CEO Survey by ChiefExecutive.net

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


Get the CEO Briefing

Sign up today to get weekly access to the latest issues affecting CEOs in every industry

upcoming events