PIERRE, S.D. (July 26, 2011) – It’s no secret South Dakota has arguably the best business climate in the nation, and Gov. Dennis Daugaard is working to make sure businesses in other states recognize it.
Starting today, the South Dakota Governor’s Office of Economic Development will begin a new marketing campaign that targets California, Illinois and Minnesota businesses.
Gov. Daugaard says the campaign is specifically designed to educate business leaders about the benefits of operating in South Dakota.
“South Dakota is a small state. Because of that, companies sometimes overlook the amazing opportunities we provide,” the Governor said. “We want them to know that South Dakota is consistently rated as one of – if not the most – business-friendly states in the nation. Our low-taxes, positive regulatory environment, stable economy, and highly-productive workforce make South Dakota a great place to expand or open a business.”
For the remainder of the summer, industry leaders in California, Illinois, and Minnesota will receive information about South Dakota’s impressive business climate. The campaign features Gov. Daugaard and includes direct mail, print advertisements and radio commercials.
The marketing campaign will place special emphasis on taxes you won’t find in South Dakota: no corporate income tax, no personal income tax, no personal property tax, no business inventory tax, and no inheritance tax.
“South Dakota is fortunate to have a very hospitable regulatory climate and a stable economy. Not all businesses are currently being afforded this kind of business environment,” said Commissioner J. Pat Costello, South Dakota Governor’s Office of Economic Development. “We want those companies to know, South Dakota is open for business.”