America's Top States for Business 2018

20. South Dakota (Tie)

Custer State Park is a state park and wildlife reserve in the Black Hills of southwestern South Dakota.
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Category Score 2018 Rank 2017 Rank Grade
Workforce2253039 (Tie)C+
Infrastructure1773837C-
Cost of Doing Business239914A+
Economy1482722 (Tie)C
Quality of Life1941614 (Tie)B-
Technology & Innovation654141 (Tie)F
Education1231625 (Tie)B
Business Friendliness14422A+
Access to Capital114534F
Cost of Living242734 (Tie)C
[[link#105237323#Overall]]135020[[link#104395423#24]]-

Economic Profile

Governor: Dennis Daugaard, Republican

Population: 869,666

GDP growth (Q4 2017): -0.5 percent

Unemployment rate (May 2018): 3.3 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

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

America's Top States for Business 2018
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