Learn more about relocating or expanding to South DakotaSouth Dakota business climate, manufacturer incentives, and advantages of SD communities |
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South Dakota Business Data*  Population: 812,383 Total Labor Force: 447,700 Unemployment Rate: 4.1% Number of Manufacturers: 1,351 Manufacturing Jobs: 48,170
Right to Work: Yes
Unemp. Ins. Tax: 09.5%
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Corporate Income Tax:
None Sales Tax:
4% Property Tax:
Ranges from 1-4% of actual value. Property assessed at 85% of market value. Leading Manufacturing Industries:
(by % of total manufacturing employment) 19% Food and kindred products 15% Industrial machinery and equipment 8% Miscellaneous manufacturing industries 8% Fabricated metal products 8% Lumber and wood products Largest Manufacturing Establishments:
(by number of employees) John Morrell & Co. (Sioux Falls) - 3,100
Daktronics, Inc. (Brookings) - 1,600 3M Co. (Brookings) - 850 Dakota Turkey Growers, LLC (Huron) - 700 Tyson Fresh Meats, Inc. (Dakota Dunes) - 650 Link Snacks, Inc. (Alpena) - 650 StarMark Cabinetry (Sioux Falls) - 650 |
Counties with the Most Manufacturing Jobs:
Minnehaha - 15,880 Brookings - 4,754 Pennington - 4,211 Codington - 3,806 Brown - 3,429 Cities with the Most Manufacturing Jobs:
Sioux Falls - 14,630 Brookings - 4,457 Rapid City - 3,999 Watertown - 3,803 Aberdeen - 3,321 Manufacturing 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 and businesses to help with your relocation or expansion:
Governor's Office of Economic Development
The GOED works to expand primary job opportunities for all South Dakotans. It strives to retain and expand existing businesses, foster new businesses, facilitate business succession and recruit out-of-state businesses.
711 East Wells Avenue, Pierre, SD 57501 (Map & Aerial View)
(800) 872-6190
www.sdreadytowork.com
Madison Area Chamber Of Commerce
Whether you are looking for a place to expand your business, advance your career, raise your family, or enjoy your retirement, the Madison community is perfect for you. With a strong manufacturing center, thriving healthcare system, newschools, new community center, a nationally recognized State University & world-class outdoor recreation activities, youre sure to love calling Madison your home.
P.O. Box 467, Madison, SD 57042 (Map & Aerial View)
(605) 256-2454
Campbell County Economic Development
We are here to assist new and current business in our county
P.O. Box 116, Pollock, SD 57648 (Map & Aerial View)
(605) 889-2509
www.ccedc.org
Lake Area Improvement Corporation
Economic development provides opportunities to expand and relocate companies into the greater Madison area. The LAIC strives to create an economic atmosphere for both local and regional businesses.
315 South Egan Avenue, Madison, SD 57042 (Map & Aerial View)
(605) 256-0797
www.madisonworks.com
Milbank Area Chamber of Commerce
The mission of the Corporation is to promote, encourage and advance the development of private enterprise, local employment opportunities, area tourism and growth through the expansion of business and industry in Grant County.
1001 East 4th Avenue, Suite 301, Milbank, SD 57252 (Map & Aerial View)
(605) 432-9575
www.milbanksd.com
Sioux Falls Development Foundation
In 1954, a group of business leaders created the Sioux Falls Development Foundation, a non-profit development corporation that facilitates the attraction of new businesses, the retention and expansion of existing firms and the formation of new companies.
200 North Phillips Avenue, Sioux Falls, SD 57101 (Map & Aerial View)
(605) 339-0103
www.siouxfallsdevelopment.com
Yankton Office Of Economic Development
Economic development works with partners in the community to retain, expand & attract primary jobs, businesses & investments
803 E. 4th St., Yankton, SD 57078 (Map & Aerial View)
(605) 665-9011
www.yanktonedc.com
South Dakota Industrial News:
South Dakota Manufacturing Jobs Increased 2.5% In 2012 (2/11/2013)
Industrial Directory Reports South Dakota Manufacturing Jobs Increased 1.8% (1/20/2012)
South Dakota Manufacturing Jobs Remain Steady Over Year (1/24/2011)
South Dakota Manufacturing Jobs Fell 5.4% Over Past Year (1/8/2010)
Manufacturers Directory Reports South Dakota Industrial Jobs Up Over Year (1/2/2009)
Industrial Directory Reports South Dakota Manufacturing Jobs Up 1.6% Over The Year (1/4/2008)
Industrial Directory Reports South Dakota Tops Midwest Manufacturing Gains In '06 (12/19/2006)
South Dakota Manufacturing Jobs Increased 2.5% In 2012 (2/11/2013)
Industrial Directory Reports South Dakota Manufacturing Jobs Increased 1.8% (1/20/2012)
South Dakota Manufacturing Jobs Remain Steady Over Year (1/24/2011)
South Dakota Manufacturing Jobs Fell 5.4% Over Past Year (1/8/2010)
Manufacturers Directory Reports South Dakota Industrial Jobs Up Over Year (1/2/2009)
Industrial Directory Reports South Dakota Manufacturing Jobs Up 1.6% Over The Year (1/4/2008)
Industrial Directory Reports South Dakota Tops Midwest Manufacturing Gains In '06 (12/19/2006)
Looking to reach South Dakota manufacturers? Access the South Dakota Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 6/10/2013. All other stats updated on 5/17/2013. Listings updated on 6/18/2013.
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