When looking to start or grow a business, location is an important factor to consider.
Annually, Chief Executive Group conducts a survey of CEOs nationwide to determine the best and worst states for business. In 2025, South Dakota has earned the No. 11 spot as a best state for business.
With no personal or corporate income tax, South Dakota offers a friendly business environment with a skilled workforce and a quality of life that has been recognized nationally, making it the perfect next location for starting or expanding a business.
“Increasingly untethered from traditional, big-city economic centers, companies are gravitating more and more toward states that offer that trifecta of business friendliness, workforce readiness and a better, less expensive quality of life,” the article releasing the findings says.
See more about the ranking and see how other states compared by clicking ‘learn more’ below.