POLICOM specializes in studying the dynamics of local economies and addresses the condition of an economy from the viewpoint of its impact upon the “standard of living” of the people who live and work in an area. The highest ranked areas have had rapid, consistent growth in both size and quality for an extended period. The lowest ranked areas have been in decline. The formulas used to determine economic strength measure how the economy has behaved, not what has caused it to perform.
In their 2022 study, POLICOM, ranked Sioux Falls 8th best out of 384 Metropolitan Statistical Areas for our economic strength.