Top States for Business 2021

29. South Dakota

Business friendliness is high in the Mount Rushmore State. But poor connectivity shows infrastructure has cracks.

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South Dakota Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business248122B+
Life, Health & Inclusion23115--B-
Business Friendliness18012A+
Access to Capital683445D
Technology & Innovation464647F
Cost of Living352827C

Economic Profile

Governor: Kristi L. Noem, Republican

Population: 892,717

GDP growth (Q1 2021): 6.4%

Unemployment rate (May 2021): 2.8%

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

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