Rapid City Ranked Sixth by Forbes
Rapid City and Sioux Falls made Forbes magazine's top 10 list
of the nation's best small metropolitan cities for starting a business
or a career. For the third straight year, Sioux Falls received
the top ranking. Rapid City was ranked number six.
"This simply confirms what we in South Dakota already know.
The word is getting out that our state not only has an unparalleled
quality of life, but that there is tremendous opportunity for businesses
and individuals to thrive," Gov. Mike Rounds said.
Economy.com assisted Forbes in ranking cities by weighing business
costs and living costs. Cities were also ranked according to other
factors, such as job growth and educational attainment. "These
are many of the same factors we are using to gauge the success
of the state's 2010 Initiative," Gov. Rounds said.
"This reinforces what we have been telling folks for a long
time. Bring your family, bring your talents, and bring your ideas
to South Dakota and good things will happen," Gov. Rounds
said. "Having two of our cities on this list shows that South
Dakota is one of the most business friendly states in the nation
and highlights one of our best resources - our people."
Sioux Falls also finished No. 1 in 2003 and 2004. This year, Sioux
Falls ranked first in income growth and third in cost of doing
business. Rapid City which ranked sixth overall, ranked ninth in
income growth and seventh in cost of doing business.
Bob DeMersseman, President of Rapid City Economic Development,
stated this is another example of the quality of our business climate
and commitment that we have from public and private sectors to
create an environment that is conducive to investment and job growth.
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