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 Business | 248 | 12 | 2 | B+ |
| Infrastructure | 141 | 48 | 37 | D- |
| Life, Health & Inclusion | 231 | 15 | -- | B- |
| Workforce | 118 | 47 | 47 | F |
| Economy | 149 | 17 | 8 | B |
| Business Friendliness | 180 | 1 | 2 | A+ |
| Access to Capital | 68 | 34 | 45 | D |
| Technology & Innovation | 46 | 46 | 47 | F |
| Education | 89 | 18 | 27 | B- |
| Cost of Living | 35 | 28 | 27 | C |
| Overall | 1305 | 29 | 21 | -- |
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
