Over the past decade, the South Dakota communities of Sioux Falls, Brookings and Rapid City have developed business incubators to assist entrepreneurs in successfully launching and growing their businesses.
As economic development corporations, like the Greater Fargo Moorhead Economic Development Corp., focus on ways to support economic prosperity, it’s important to understand the importance of growth from within.
In South Dakota our unemployment rate is only 3.8 percent. That’s very low compared to the national rate of 6.3 percent, and about half of the rates in California and Illinois. Worse yet, nearly 30 metropolitan areas have unemployment rates of over 10 percent.
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