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Business and Economy

As a regional trade center, Rapid City provides comprehensive medical care, air service, retail, education, sports and entertainment services to a service area of 150 square miles and a population of more than 450,000. Rapid City is well positioned for future growth and business development. We have a strong and growing economic base of agriculture and tourism and regional assets such as Ellsworth AFB, Regional Hospital, South Dakota School of Mines & Technology, Rapid City Regional Airport, Black Hills Business Development Center, Black Hills State University and the Sanford Underground Research Facility.

The diverse opportunities and the friendly business environment continue to attract an exciting variety of businesses and start-up companies to the Black Hills area.

2017 Unemployment Rate: 3.5%
Median Income: $46,966

Top Industries:
• Administration
• Sales
• Food and Servicing
• Management
• Construction (forestry, concrete, steel and gravel products)

South Dakota is a right-to-work state where employees enjoy the right to work free from union membership mandates.

Tax Rate: State, 4.5%; City, 2%; Tourism tax, 1%

NO Corporate income tax, NO personal income tax, NO business inventory tax, NO personal property tax

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