21. South Dakota

Business-friendly regulations are a boon for businesses, but skilled workers are in short supply.

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2019 Rank
2018 Rank
Workforce 181 47 30 F
Economy 254 8 27 B+
Infrastructure 161 37 38 C-
Cost of Doing Business 253 2 9 A+
Quality of Life 186 21 16 C
Education 91 27 16 C+
Technology & Innovation 47 47 41 F
Business Friendliness 162 2 2 A+
Access to Capital 10 45 45 F
Cost of Living 24 27 27 C
Overall 1369 21 20 -

Economic Profile

Governor: Kristi L. Noem, Republican

Population: 882,235

GDP growth (Q4 2018): 2.1%

Unemployment rate (May 2019): 2.9%

Top corporate tax rate: None

Top individual income tax rate: None

Gasoline tax: 30 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Best | Worst

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