America's Top States For Business

11. South Dakota

Category Score 2014 Rank 2013 Rank
Cost of Doing Business33661
Workforce2046 (Tie)11
Quality of Life217107
Infrastructure & Transportation18031 (Tie)19
Economy241206
Education6930 (Tie)30
Technology & Innovation355048
Business Friendliness17722
Cost of Living351626
Access to Capital132639
Overall1507111

Economic Profile

Governor: Dennis Daugaard

Population: 844.877

GDP growth: 3.1 percent

Unemployment rate (May 2014): 3.8 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 40 cents/gallon

Bond rating/outlook: No Governmental Obligations/stable

Major private employer: Avera

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, South Dakota FY 2013 CAFR

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