KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

SD Ranks No. 1 Overall For Business



Bookmark and Share

CNBC says South Dakota is the best state for business.

In fact, South Dakota has the highest score in the history of the network’s “America’s Top States for Business” study.

This study ranks all of the states in 10 categories. Some of them include: cost for doing business, workforce, economy, education and technology.

South Dakota didn’t rank the highest in all these categories. Yet, after tallying all of the scores, the state received a number one ranking overall. It’s a score that’s pretty impressive.

“A score over 16,000 is pretty uncommon over the years we have been doing this survey,” said NCBC Steve Cohn.

The survey is based on hard available data and not surveys. The rankings are representations of what the states are offering instead of what the businesses actually want. The state was praised on its ‘Cost of Business’ category, receiving a 1. That’s pretty close to a perfect score.

“There is no state income tax or corporate tax in the state but it’s not just taxes. Wages are low. It’s an issue for workers but advantages for businesses,” said Cohn.

An area South Dakota scored poorly on is technology. It’s one of the poorest scores in the United States.

“South Dakota has a shortage of skilled workers. It’s an issue in South Dakota to continue to be competitive. It needs a place for technology,” said Cohn.

Senator John Thune even gave his two cents.

“Having a state that balances a budget every year, doesn’t spend money it doesn’t have and taxes low on businesses and regulations that can be very costly and burdensome for businesses; have yielded the results we have seen. I think that’s why we received the ranking that we did,” said Senator John Thune.


South Dakota does have areas to improve. Cohn says one of those is our available workforce.He says South Dakota workers leave the state for jobs in other neighboring states that can pay higher wages.

Last year, Texas was number one in the study and South Dakota came in at 7.

For more information on the state rankings visit

www.topstates.cnbc.com



< Prev Story Back To Top Next Story >
     

Light Show Donates To Young Boy With Cancer  story with video

An annual light show in Madison is drawing crowds and donations to help fight ...

T. Denny Sanford Gives Tech Ed $25 Million  story with video

T. Denny Sanford is teaming up with the state of South Dakota to provide ...

Snow Plows Tackle Drifts In Sioux Falls  story with video

Two days after Sioux Falls was hit with between two to four inches of snow, ...

Monument To Honor Firefighters In Sioux Falls  story with video  Dec. 17

2nd Gold Coin Given By Anonymous Donor  Dec. 17

Barn Fire Kills 7,500 Turkeys Near Worthington  Dec. 17

Sturgis Officials Planning For 2015 Rally Traffic  Dec. 17

Magistrate Judge Named To Seventh Judicial Circuit  Dec. 17

Daugaard To Push For More Drug Courts In Session  Dec. 17

SD Ranks Seventh Among States For Volunteering  Dec. 17

Police: Spencer Woman Found Dead In Apartment  Dec. 17

Update: Missing Man Found Deceased  Dec. 17

The Daily Scoop: 12-17-14  story with video  Dec. 17

SF Building Damaged After Overnight Fire   Dec. 17

Most Popular Google Searches Of 2014  story with video  Dec. 17

The Search For A Superintendent Continues  Dec. 16

Prosecutor: "I Was Surprised By The Verdict"  story with video  Dec. 16

Ice, Snow Leaves Hundreds In The Dark  story with video  Dec. 16

Improvements Coming To South Dakota Rail   story with video  Dec. 16

Pierre Teenager To Serve 10 Years In Prison  Dec. 16

KDLT News Archive
     

Update: Missing Man Found Deceased

A man reported missing in Charles Mix County was found deceased ...

SF Building Damaged After Overnight Fire

Firefighters spent part of the early morning hours ...

Police: Spencer Woman Found Dead In Apartment

Authorities in northwest Iowa are investigating ...

2nd Gold Coin Given By Anonymous Donor  Dec. 17

The Daily Scoop: 12-17-14  story with video  Dec. 17

Barn Fire Kills 7,500 Turkeys Near Worthington  Dec. 17

Light Show Donates To Young Boy With Cancer  story with video  Dec. 17

Sturgis Officials Planning For 2015 Rally Traffic  Dec. 17

KDLT News Archive
     

Buchta, Herd beat Des Moines  story with video

Sioux Falls, SD—For the first time this season, the Sioux Falls Stampede earned ...

Lancers hot from outside in win at Dakota State  story with video

MADISON, S. D. – Mount Marty (S. D. ) hit 16 ...

Eades loves new home at Denny  story with video

The Stampede were glad to be home for Wednesday night's game with Des Moines to start a 9-game homestand ...

Scheels Plays of Week December 8th-14th  story with video  Dec. 17

3 Jacks make AP All-American team  story with video  Dec. 17

Another All-American honor for USF's St. Pierre  story with video  Dec. 17

Mustangs snap Madison's win streak  story with video  Dec. 16

Cougars win behind Mack Johnson's 30  story with video  Dec. 16

KDLT Sports Stories
     
Back To Top