CNBC names South Dakota "best state for business" - KTIV News 4 Sioux City IA: News, Weather and Sports

CNBC names South Dakota "best state for business"


CNBC says South Dakota is the best state for business. And, the other two Siouxland states scored well.

The results of CNBC's 7th annual list of "America's Top States for Business" show South Dakota finished first.

To come up with the list, CNBC took 55 different measures of competitiveness, including "cost of doing business", and "business friendliness." South Dakota's total score was the highest of any state since CNBC started the study in 2007.

But, one area of growth for the "rushmore" state is its "workforce." With unemployment at just 4%, workers are in short supply. Governor Dennis Daugaard says a program called "Dakota Roots" is helping solve the worker shortage. "Pat Costello, our commissioner of economic development, and I are working hard to encourage South Dakotans and former South Dakotans, and those who went to school in South Dakota, to return to South Dakota, and we're marketing directly to them through e-mail and other social media, and we're having some success," said Gov. Dennis Daugaard, (R) South Dakota.

Nebraska finished 4th in the CNBC survey. The "cornhusker" state rated high in "economy and infrastructure." Iowa finished 11th.

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