2014 Best & Worst States

South Dakota is 15th Best State for Business 2014

J.P. Donlon

May 8, 2014

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 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

WC_Cart Object ( [cart_contents] => Array ( ) [removed_cart_contents] => Array ( ) [applied_coupons] => Array ( ) [shipping_methods:protected] => [default_totals:protected] => Array ( [subtotal] => 0 [subtotal_tax] => 0 [shipping_total] => 0 [shipping_tax] => 0 [shipping_taxes] => Array ( ) [discount_total] => 0 [discount_tax] => 0 [cart_contents_total] => 0 [cart_contents_tax] => 0 [cart_contents_taxes] => Array ( ) [fee_total] => 0 [fee_tax] => 0 [fee_taxes] => Array ( ) [total] => 0 [total_tax] => 0 ) [totals:protected] => Array ( [subtotal] => 0 [subtotal_tax] => 0 [shipping_total] => 0 [shipping_tax] => 0 [shipping_taxes] => Array ( ) [discount_total] => 0 [discount_tax] => 0 [cart_contents_total] => 0 [cart_contents_tax] => 0 [cart_contents_taxes] => Array ( ) [fee_total] => 0 [fee_tax] => 0 [fee_taxes] => Array ( ) [total] => 0 [total_tax] => 0 ) [session:protected] => WC_Cart_Session Object ( [cart:protected] => WC_Cart Object *RECURSION* ) [fees_api:protected] => WC_Cart_Fees Object ( [fees:WC_Cart_Fees:private] => Array ( ) [cart:WC_Cart_Fees:private] => WC_Cart Object *RECURSION* [default_fee_props:WC_Cart_Fees:private] => Array ( [id] => [name] => [tax_class] => [taxable] => [amount] => 0 [total] => 0 ) ) [cart_session_data] => Array ( [cart_contents_total] => 0 [total] => 0 [subtotal] => 0 [subtotal_ex_tax] => 0 [tax_total] => 0 [taxes] => Array ( ) [shipping_taxes] => Array ( ) [discount_cart] => 0 [discount_cart_tax] => 0 [shipping_total] => 0 [shipping_tax_total] => 0 [coupon_discount_amounts] => Array ( ) [coupon_discount_tax_amounts] => Array ( ) [fee_total] => 0 [fees] => Array ( ) ) [coupon_applied_count] => Array ( ) [coupon_discount_totals] => Array ( ) [coupon_discount_tax_totals] => Array ( ) )

South Dakota is 15th Best State for Business 2014

No. 15 South Dakota

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive Magazine

CEO CONFIDENCE INDEX

CEO Optimism For 2021 Plateaus In October Amid Contentious Election And Covid Uncertainty