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Expand or Relocate to South Dakota
      

South Dakota Business Data

Relocate or Expand to South Dakota

SD business climate, manufacturer incentives, and advantages of local communities

Business Data for South Dakota


Population
812,383

Total Labor Force
454,673

Unemployment Rate
2.5%

# Manufacturers
1,335

Manufacturing Jobs
51,952

Right to Work
Yes

Unemp. Insurance Tax
0–9.5%


Manufacturing stats updated on 6/29/2016. All other data updated on 12/17/2015. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
None

Sales Tax
4%

Property Tax
Ranges from 1-4% of actual value. Property assessed at 85% of market value.

Leading Mfg. Industries
(by # of employees)
21% Food and kindred products
15% Industrial machinery and equipment
9% Miscellaneous manufacturing industries
8% Fabricated metal products
8% Transportation equipment

Largest Mfg. Employers
(by # of employees)
John Morrell & Co. (Sioux Falls) - 3,500
Daktronics, Inc. (Brookings) - 1,600
Dakota Turkey Growers, LLC (Huron) - 1,445
LifeScape (Sioux Falls) - 1,000
Link Snacks, Inc. (Alpena) - 997
 
Counties with the Most Mfg. Jobs
Minnehaha - 17,349
Brookings - 5,158
Pennington - 4,200
Codington - 3,893
Yankton - 3,246

Cities with the Most Mfg. Jobs
Sioux Falls - 15,771
Brookings - 4,786
Rapid City - 3,999
Watertown - 3,890
Yankton - 3,225

Mfg. Related Business Incentives
• Tax refunds (sales, use & contractors' excise taxes) for new and expanding businesses
• Property tax abatement program (forgives up to 100% of property taxes on a new structure or addition to an existing one)
• Zero personal income tax; Zero personal property tax; Zero business inventory tax
• REDI (Revolving Economic Development and Initiative) Fund
• Economic Development Finance Authority (EDFA) Pooled Bond Program
• Workforce Development Training Grant
• Economic Development Finance Authority (EDFA)
• SBA 504 Loan Program
• APEX Loan Program
• MicroLOAN South Dakota Loan Program

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from South Dakota

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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