Top States For Business

19. South Dakota

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce1993235
Cost of Doing Business25445
Infrastructure1822819 (Tie)
Economy156338 (Tie)
Quality of Life2131417 (Tie)
Technology & Innovation7044 (Tie)44
Education11021 (Tie)23
Business Friendliness13122
Cost of Living472035
Access to Capital193227
Overall13811911

Economic Profile

Governor: Dennis Daugaard, Republican

Population: 858,469

GDP growth: 1.8 percent

Unemployment rate (May 2016): 2.5 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 48.40 cents/gallon

Bond rating/outlook: No general obligation debt, 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, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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