A guide to help you understand the ins and outs of business in South Dakota
South Dakota is located in the Midwest, with its capital of Pierre and Sioux Falls being its largest city. It is the 17th largest state, but it only has 885,000 residents, making it the 46th most populated state. The Mount Rushmore State had a GDP of $54,941,000,000 in 2019.
South Dakota’s largest industries are manufacturing, bioscience, agriculture, and cybersecurity. There are over 400 companies with 3,600 employees in the agriculture industry. The state is in the top 10 for production of bison, beef, sheep and lambs, and cattle and calves.
In 2019, South Dakota imported $137,764 from Qatar.
In 2019, South Dakota exported $3,401,727 to Qatar with its top exports being:
Electrical machinery, sound/tv equipment Nuclear reactors, boilers, machinery, etc. Misc. articles of base metal
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South Dakota has no corporate income tax. South Dakota has one free trade zone, in Sioux Falls, as well as 20 incentive programs.