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South Dakota Resources Page
Inward Investment Guides

Regional Report: The Plains States Rank High for Business Friendliness

Steve Stackhouse-Kaelble (Directory 2016)
Already a powerful region for energy production, the Plains States are luring technology firms with their low taxes and other pro-business policies. More

Regional Report: Tax and Incentives Advantages in Plains States’ Encourage Investment in Renewable Energy and Life Sciences

Karen Thuermer (Directory 2015)
In the Wizard of Oz, Dorothy’s Kansas home is blown away by a powerful tornado. Today, this prairie state is harnessing its wind power for economic development gain. And, the generally low tax environment and plentiful incentives are encouraging investment in renewable energy, life sciences, other R&D throughout all of the plains states. More

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Dale D. Buss, Staff Editor, Area Development (Q2 2014)
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits. More

South Dakota Direct Financial Incentives 2014

Area Development Research Desk (Q1 2014)
South Dakota's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Major New Developments for Keystone Pipeline

James T. Berger (Q1 2014)
Even without approval of the controversial Keystone XL phase, Canadian crude oil is now flowing through the pipeline from Canada to the Gulf for the first time. More

Regional Report: Energy Sector Bringing Jobs and Wealth to Plains States

Steve Stackhouse-Kaelble (Directory 2014)
Winners of numerous accolades, the Plains States are garnering investment across diverse industry sectors and growing their economies. More

Leading Locations for 2013: The Plains States MSAs

Area Development Special Presentation (August 2013)
The Plains States of Kansas, Nebraska, and North and South Dakota point to their business-friendly environment while touting their economic success. The Fargo, ND/Moorhead, MN, MSA ranks first among the region’s Leading Locations — and is also second among all mid-size cities. More

Leading Locations for 2013: The Mountain Region MSAs

Area Development Special Presentation (July 2013)
A mixture of modern and emerging sectors — including aerospace, biotech, information technology, and financial services — has driven the economies of the Mountain States’ (Colorado, Idaho, Montana, Nevada, Utah, and Wyoming). More

SOUTH DAKOTA at a glance

POPULATION: 844,877 (2013)

LABOR FORCE: 448,360 (2013)


TRADITIONAL INDUSTRIES:Agriculture, manufacturing

EXPANDING INDUSTRIES: Advanced manufacturing; bioscience; financial services; oil and gas; professional business services; value-added ag; shooting, hunting, and outdoors

COLLEGE GRADUATES: (Age 25 and over - 2013) 26.3%

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 3 percent of the taxable value of the structure; no personal property tax and no business inventory tax

REDI Fund (low-interest loans, typically 2 percent)

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

Industrial Revenue Bonds

Workforce Development Training Grants

Statewide CDC (SBA 504 Loan Program)

MicroLOAN South Dakota/MicroLOAN Express (low-interest loans for small companies)

South Dakota WORKS (working capital loans)

Economic Development Partnership Fund

Reinvestment Payment Fund

Local Infrastructure Improvement Grant Fund

SD Jobs Grant Program (grant)

Principal Manufacturing industries

  • Food
  • Machinery
  • Fabricated Metal Products
  • Transportation Equipment
  • Computer & Electronic Products
  • Furniture & Related Products
  • Wood Products
  • Other Manufacturing Industries
Source: South Dakota Dept of Labor, Labor Market Information Center, Covered Workers Annual Information (from QCEW program) for 2013.