Los Cerrillos
April 01, 2025
04:54:37am

3/19/25

South Dakota still among most federally dependent states

In 2024 South Dakota dropped to 49th in financial literacy and 50th in financial knowledge and education despite the Republican former governor's pathological Pollyannaism. The state was the 43rd best economy in the US, 51st in percentage of businesses owned by women and 50th in innovation potential. Because of talent flight and brain drain in 2023 South Dakota was among the least innovative states, ranked 50th in venture capital spending per capita, 47th in R&D spending and 51st in share of tech companies. 

Creighton University's Ernie Goss and supply managers are sounding the alarm again about the Trump tariffs, economic uncertainty and the potential for retaliation. Only nine percent of bankers see a potential of growth in the coming six months and economic optimism plummeted to 45.7 in February from 61.4 in January over concerns about global economic tensions and rising tariffs. Farmland prices sank again, farm equipment sales fell for the eighteenth straight month and retail sales are at the lowest levels since the pandemic.

WalletHub's newest surveys reveal South Dakota is now 40th in innovation but 50th in its share of technology companies, 48th in R&D spending per capita, has dropped to the third best state for doctors but 11th most federally dependent, 4th in rank for government dependence and is now 16th in medical environment rank.
South Dakota ranks as the third-best state for doctors, in part because physicians have one of the highest starting salaries in the country, at $5,330 per month. The state ranks particularly high when it comes to the yearly salaries for psychiatrists ($273,000) and general internal medicine physicians ($318,000). In addition, doctors in The Mount Rushmore State pay less for malpractice insurance premiums than people in most other states. South Dakota also ranks well in the number of physician assistants per 1,000 residents, and has around 8.5 hospitals for every 100,000 residents, which is one of the highest numbers in the country. [Best and Worst States for Doctors (2025)
Cimpl Meats in Yankton has released some 250 workers after American Foods Group said the location isn't profitable and is moving its operations to Missouri. 

1 comment:

larry kurtz said...

South Dakota governor touts credit rating in a state with the highest number of bridges in need of replacement.