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SD Ranks No. 1 Overall For Business



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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



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