South Dakota - Business For Sale

Per Capita Real GDP: $35,842 Rank: 23/50 (2006)

Population: 754,844 Rank: 46/50 (2000)

Per Capita Personal Income: $33,929 Rank: 26/50 (2006)

Unemployment Rate: 2.60% Rank: 1/50 (2008)

Business Tax Climate Index: Rank: 2/50 (2008)

Corporate Tax Rate: None

Individual Tax Rate: None

Sales Tax Rate: 4%

Business Tax Climate Index:

Individual Income Tax Index Rank: 1

Sales Tax Index Rank: 38

Unemployment Insurance Tax Index Rank: 33

Property Tax Index Rank: 11

Business Tax Climate Index: 2

Corporate Tax Index Rank: 1

South Dakota State Information

South Dakota’s economy has consistently centered on agriculture because of its fertile soils and abundant grazing lands. Railroad construction and gold mining during the 1870s gold rush sparked important growth for South Dakota’s economy. Gambling and tourism have recently increased in importance. Among the more popular destinations are the Badlands and the Black Hills, which features Mount Rushmore, an important symbol of American pride. South Dakota is also recognized as one of the friendliest states for businesses. South Dakota doesn't tax personal income, capital gains, corporate income or corporate capital gains. In addition, there is little crime, and energy costs are relatively low.

State Information

Abbreviation: SD

Capital: Pierre

Nick Name Mount Rushmore State

State Web Site: http://www.state.sd.us

Motto: Under God, the people rule

Top 5 Export Partner Countries

Canada, Mexico, China, Hong Kong, United Kingdom

Top 5 Export Merchandise

Machinery Sales

Computers and Electronic Products Sales

Computers and Electronic Products Manufacturing

Electrical Equipment Manufacturing

Machinery Manufacturing

Major Cities

Sioux Falls, Rapid City, Watertown

Main Airports:

FSD Joe Foss Field Sioux Falls

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South Dakota Secretary of State:

Secretary of State (SOS): Information about elections, registered businesses, trademarks, and lobbyists.

South Dakota Small Business Administration:

Small Business Administration

Offers business development counseling and training programs and information on SBA loan programs.

South Dakota SCORE Offices

Sioux Falls - Sioux Falls SCORE

Business Research Bureau (BRB)

The bureau is part of the University of South Dakota that primarily conducts economic research of the state. It also uses its research expertise to assist both local and national businesses. Additionally, the BRB is the publisher of the South Dakota Business Review.

Governor’s Office of Economic Development

The office is aimed at promoting South Dakota as an attractive business destination. It contains information regarding the financial incentives for doing business in the state. The site also has demographic data, economic statistics, and a directory of manufacturers.

Small Business Innovation Research

SBIR is a program aimed at assisting small businesses, particularly in technological innovation. It acts as a link between these companies and the research programs administered by supporting federal departments. Participating businesses are able to retain most patent rights, and are not required to repay any funding.

South Dakota

The official website of South Dakota, it is primarily a portal to a host of other state-related websites. Apart from daily government headlines, users will also be able to find important forms, as well as various lists of useful links.

South Dakota Chamber of Commerce & Industry

The chamber represents businesses in South Dakota, especially in the areas of corporate taxation and employee compensation. Aside from those, it also creates networking opportunities for its members, and assists them in adapting to regulatory changes.

South Dakota International Business Institute

The SDIBI is a partnership between South Dakota, and Northern State University, that is dedicated to promoting international trade for state businesses. It provides companies with education programs and free consultation, coupled with easy access to financing. The institute also maintains some resources, and an international database to facilitate networking opportunities.

South Dakota Technology Business Center (SDTBC)

The center exists to foster a diverse state economy, by promoting the growth of technology-based businesses. Focused mostly on start-ups, it offers and leases basic infrastructure that entrepreneurs need to establish themselves initially. Other services include consultations, networking, and funding assistance.

State Data Center (SDC)

SDC is a division of the University of South Dakota Business Research Bureau. It is the primary census center for the state, and provides various demographical data. Information can be sorted by county, as well as the year in which they were collected.

U.S. Export Assistance Center of Sioux Falls, SD

The Sioux Falls branch of the Department of Commerce, serving South Dakota, specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

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