×

19. South Dakota

The Mount Rushmore State has carved a solid reputation for business friendliness, but technology and innovation are an uphill climb.

Top States South Dakota
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 199 32 35
Cost of Doing Business 254 4 5
Infrastructure 182 28 19 (Tie)
Economy 156 33 8 (Tie)
Quality of Life 213 14 17 (Tie)
Technology & Innovation 70 44 (Tie) 44
Education 110 21 (Tie) 23
Business Friendliness 131 2 2
Cost of Living 47 20 35
Access to Capital 19 32 27
Overall 1381 19 11

Economic Profile

Governor: Dennis Daugaard, Republican

Population: 858,469

GDP growth: 1.8 percent

Unemployment rate (May 2016): 2.5 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 48.40 cents/gallon

Bond rating/outlook: No general obligation debt, stable

Major private employers: Avera Health, Black Hills Corporation

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • A globe-trotting look at the world of investing, from developed Europe and Asia trends to the least-traveled frontier markets.

  • Unlock the keys to building a successful long-term financial plan: manage your money, grow your money, and protect it.

  • Watch investments

    Covering the full set of tools and strategies for long-term investors: How to take everyday market fluctuations in stride, and when to know it’s time to take action or protect against a major economic shifts.