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SFDF News & Information
| South Dakota is #1 in the Economic Freedom Index | 01/30/2009 |
| According to the recently-published rankings: “As the most economically free state, South Dakota has no corporate income tax, no personal income tax, no personal property tax, no business inventory tax, and no inheritance tax. South Dakota’s business climate is thriving and companies are relocating and opening plants in the state. In 2007, the Small Business Survival Foundation ranked South Dakota as the best business climate for entrepreneurs. In 2008, Forbes magazine ranked Sioux Falls as the best smaller metro area for business and careers. Moreover, the state has faired well in other indexes measuring items such as the United Van Lines inbound migration ratings and the cost of doing business in the state, measured by the Milken Institute.” Reflecting an economic-freedom renaissance which has been occurring in the Upper Midwest, South Dakota made a big leap in relative economic freedom from 2004 to 2008 advancing 14 places. | |
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