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 ( ) [tax_display_cart] => excl [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

CEO1000

CEO1000 Tracker

CEO CONFIDENCE INDEX

CEO Confidence Falls Again In May Amid COVID Crisis

BEST & WORST STATES FOR BUSINESS

Best and Worst States For Business

CEO OF THE YEAR

CEO of the Year

SUBSCRIBE TO CHIEF EXECUTIVE

Sign Up to Receive Chief Executive’s Magazine and e-Newsletters