economic development

The cost of holiday baking was higher in 2022, as prices for eggs were up 49.1% over 2021, according to the Consumer Price Index. (Photo by Brandon Bell/Getty Images)

Slower growth, sluggish borrowing expected to impact South Dakota economy

BY: - May 31, 2023

Higher interest rates, inflation, a cooling housing sector and a dip in consumer spending are expected to slow economic growth in South Dakota, according to the state Bureau of Finance and Management. The agency’s projections for two years of lower growth in the state came during Wednesday’s meeting of the Governor’s Council of Economic Advisers. […]

The South Dakota Capitol building in Pierre. (Getty Images)

Most out-of-state worker recruitment cash goes unspent

BY: - May 5, 2023

A few years ago, an economic development office in Yankton asked for and received access to $100,000 from the state to train local employees and recruit out-of-state workers. The funding helped pull in a manufacturing quality manager, two professors, a vice president of enrollment, an accountant and a fire chief from states including Illinois, Nebraska, […]