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.
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.
In 2025 WalletHub's surveys revealed South Dakota was 40th in innovation but 50th in its share of technology companies and 48th in R&D spending per capita.
Today, the horrible red state is 41st in innovation, 45th in human capital rank, 47th in innovation environment and 50th in share of technology companies.
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