Business friendliness is high in the Mount Rushmore State. But poor connectivity shows infrastructure has cracks.
Governor: Kristi L. Noem, Republican
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GDP growth (Q1 2021): 6.4%
Unemployment rate (May 2021): 2.8%
Top corporate tax rate: None
Top individual income tax rate: None
Gasoline tax: 30 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Avera Health, Black Hills Corporation
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence