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Mammoth Site - Photo by SD Tourism Mammoth Site - Photo by SD Tourism

Business Climate

According to CNN’s annual rankings, South Dakota is No. 1 for business, due in large part to these competitive advantages:

  • No corporate income tax
  • No personal income tax
  • No personal property tax
  • No inventory tax
  • No inheritance tax
  • Competitive workers compensation rates
  • Lowest average unemployment insurance rates
  • Right-to-Work state In CNN’s poll for ‘Business Friendliness,’ which measures the state's legal and regulatory climate, South Dakota finished No. 2 to Delaware. Other recent accolades that have put South Dakota on top for favorable business climate:
    • CNBC ranked South Dakota #2 for Business Friendliness, #4 in Cost of Doing Business in 2016.
    • The Tax Foundation ranked South Dakota #2 in its 2017 State Business Tax Climate Index.
    • The Pollina Corp. Pro-Business 50-State Rankings rated South Dakota #16 in 2015. In labor, taxes and other factors, the state ranked #7.
    • CNN Money ranked Rapid City MSA #4 among small metro areas for launching a business, in 2009.
    • The Small Business & Entrepreneurship Council ranked South Dakota the #3 in its 2016 Small Business Policy Index.

Our Partners

  • Newell

    Located

  • Black Hills Council of Local Governments

    One

  • Southern Hills Economic Development

    Based

  • Belle Fourche Economic Development

    Belle

  • West River Foundation

    West

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