User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


76° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

SD Business Climate In Top 10

August 22, 2012, 10:00 PM by Peggy Moyer

SD Business Climate In Top 10
SIOUX FALLS, SD -

South Dakota is one of the best states in the country when it comes to offering a good business climate.

Pollina Corporate Real Estate's recent survey ranked South Dakota seventh in the nation on its top ten business list.

Don Smith enjoys preparing Margherita Cheesecake, one of his signature desserts at Casa Del Rey. Smith opened the restaurant in Sioux Falls more than 30 years ago.

And at one time Smith had up to six restaurants in several states. But he says South Dakota has the most business-friendly environment.

"Our economy seems to be so stable here. The taxes are low. We don't have a corporate tax like all the other states around us," Smith said.

South Dakota's commissioner for economic development isn't surprised by the recent survey's results.

"The two focuses we see are the tax environment, the labor issues and I think productivity also goes into that," Governor's Office of Economic Development Commissioner Pat Costello said.

Having owned businesses in other states, Smith knew when he came to South Dakota that the stable economy was good for his business.

"It makes it possible for you to get in business and stay in business without worrying about losing all your profits to taxes right away," Smith said.

And Costello plans to use the state's top 10 ranking when it comes to recruiting out of state businesses.

"That gives us a third party credibility, an additional one, to add to the list that people can hold out and say, 'hey, this is an independent study and this is what they're saying.' It's not just us saying it," Costello said.

And for businesses, paying less tax is kind of like the icing on the "cheese" cake.

Previous Story

Next Story


Comments







Sponsored

 


View business

You may also like

Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
McDonald's Will Launch All Day Breakfast On Oct. 6

9/1/2015 5:08 PM

If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its bre...

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events