Recently our nation celebrated Small Business Week, an annual recognition of the importance of small businesses to the U.S. economy. According to Census Bureau data, there are nearly six million employer firms in the U.S. Companies with fewer than 500 workers account for 99.7 percent of those businesses, and operations with less than 20 workers made up 89.6 percent. More than half of Americans either own or work for a small business, and those companies create about two out of every three new American jobs each year.
The beginning of construction for Win Chill, the cornerstone business in Foundation Park, reminds us that small companies create big impacts in communities like ours. With projected employment of 30 people, Win Chill is technically a small business. But the $40 million project opens Foundation Park and provides a state-of-the-art frozen food distribution center servicing the tri-state area; creating a big impact.
According to WalletHub, Sioux Falls is one of the top ten large cities to start a business in 2017. Small businesses starting up in Sioux Falls find better access to resources, lower business costs and one of the most business-friendly environments in the nation. Sioux Falls has a national reputation for welcoming entrepreneurs—and for encouraging the expansion of existing small companies.
American Small Business Week gives us all a chance to thank the thousands of regional small businesses that have built our community and our state. The Sioux Falls Development Foundation can be a vital resource for your small business, just as we are for the many companies we work with each year. If you are considering Sioux Falls as a site for your company, or planning to expand your business this year, give our office a call at 605-339-0103. We’d like the chance to show you the advantages to doing business in Sioux Falls, South Dakota!
by Steve Statz
There is better training for our workforce in Sioux Falls. A multitude of options are available to meet businesses' needs at the postsecondary level including city programs, state grants, technical training, and a new $50 million scholarship program for technical school students.Read More