11. South Dakota

The Mount Rushmore State carves its niche with friendly regulations and low costs. But technology and innovation are rocky.

Category
Score
2015 Rank
2014 Rank
Workforce 200 35 6
Cost of Doing Business 247 5 6
Infrastructure 202 19 (Tie) 31
Economy 232 8 (Tie) 20
Quality of Life 202 17 (Tie) 10
Technology & Innovation 72 44 50
Education 110 23 30
Business Friendliness 130 2 2
Cost of Living 24 35 16
Access to Capital 24 27 26
Overall 1443 11 11

Economic Profile

Governor: Dennis Daugaard, Republican

Population: 853,175

GDP growth: 0.6 percent

Unemployment rate (May 2015): 3.8 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 48 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Avera Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, South Dakota FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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