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A new report by the US Commerce Department says South Dakota has the lowest prices in the nation.

South Dakota is topping the charts when it comes to Real Personal Income Growth with an increase of 10.4 percent. See the report from the Bureau of Economic Analysis here.

The GOED is currently seeking community partners for the Medical Design & Manufacturing trade show this October. For more info, please visit our Partner Website or contact Mary Lehecka Nelson at (605) 773-3301.

Costello heaed shot

Commissioner Pat Costello

South Dakota has been named the Best State for Business in CNBC's annual analysis of economic competitiveness among the 50 states.

"This is a great ranking for South Dakota," said GOED Commissioner Pat Costello. "While South Dakota has always had a stellar business climate, rankings from organizations such as CNBC put what we already know on the national stage."

South Dakota also ranked No. 1 in 2012 in the Business Friendliness sub-category.

CNBC’s study uses 55 measures of economic competitiveness, which are developed with input from business groups including the National Association of Manufacturers, the Council on Competitiveness and the states themselves.

The 55 metrics are further separated into 10 broad categories: cost of doing business, economy, infrastructure and transportation, workforce, quality of life, technology and innovation, business friendliness, education, cost of living, and access to capital.

CNBC has been doing this study since 2008.

Wage Study Image

How far does your take-home pay go? That is the question answered by the GOED's wage study - now available online in a searchable format.

"This is a great tool," said Pat Costello, GOED Commissioner. "There is a ton of information packed into this study, and having it publicly accessible in an easy-to-search format will be useful to businesses, employees, students, economic developers, and many others."

The study uses wage and salary data and standard occupational codes from the US Department of Labor, then figures in other metrics such as payroll taxes, cost of living, and seasonal employment, to determine take-home pay and purchasing power by occupation.

Costello heaed shot

Costello heaed shot

Natalie Likness

Rachel Graves

Natalie Likness has joined the GOED's Marketing and Public Relations Division as the Media Relations Coordinator.

Natalie will serve as the media contact for both in-state and industry-specific media and will handle all press releases, press calls, interviews, social media postings and other marketing duties. She replaces Grace Kessler, who transferred to Gov. Daugaard's office.

Rachel Graves also joined the Economic Development and Tourism staff as a Project Specialist. She will assist with administrative functions for both departments, including mailings, special projects, and reception.

This is a publication of the Governor's Office of Economic Development. Commissioner-Pat Costello; Deputy Commissioner-Nathan Lukkes; Marketing and Public Relations Director-Mary Lehecka Nelson; Editor and Designer-Jennifer Lambley. © Copyright 2013