POPULATION: 812,383 (2009)

LABOR FORCE: 446,390 (2009)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: Agriculture, manufacturing

EXPANDING INDUSTRIES: Manufacturing, healthcare, energy

COLLEGE GRADUATES: (Age 25 and over) 24.8% (2008)

BASIC BUSINESS TAXES:
Corporate Income Tax: None

Bank and Financial Corporation Excise Tax: Varies from 0.25 to 6 percent depending on net income

Retail Occupational Sales and Use Tax: 4 percent on retail sales of tangible personal property and certain services; cities may option a local sales tax of up to 2 percent on the gross receipts of all sales

Contractors' Excise Tax: 2 percent tax imposed on the gross receipts of contractors who are engaged in construction services or realty improvements in South Dakota

Property Tax: Local real property taxes vary from 1 percent to 4 percent of the taxable value of the structure; no personal property tax and no business inventory tax

BUSINESS INCENTIVES
REDI Fund (low-interest loans, typically 3 percent)

S.D. Economic Development Finance Authority (pooled bond program)

Industrial revenue bonds

Work force development training grants

Statewide CDC (SBA 504 Loan Program)

MicroLOAN South Dakota (low interest loans for small companies)

APEX (value-added ag loan program)

Sales, use, and contractor's excise tax refunds for new and expanding businesses with minimum project costs of $10 million

Wind energy-related projects with a minimum project cost of $10 million are eligible for up to a 55 percent refund of sales and excise taxes paid on total project costs.