Business

Total 185 Posts

Daycare limits putting financial and logistical hardships on South Dakota families

A major decline in the availability of affordable child-care options in South Dakota has prevented some parents from entering the workforce and created financial and emotional hardships for low-income families and single parents trying to balance work and daycare needs. Thousands of available daycare slots for children in South Dakota

Worker shortage in South Dakota could raise wages but deter economic growth

South Dakota businesses in the midst of a vigorous post-pandemic economic recovery are scrambling to attract new employees from what has become a limited pool of potential workers. The vast number of open positions and reduced available workforce are the latest wrinkles in the state economy caused by the COVID-19

Inventory way down, prices way up in booming used car market in South Dakota

SIOUX FALLS, S.D. – Several economic outcomes from the COVID-19 pandemic have coalesced to create a booming used auto sales market in South Dakota, resulting in low vehicle inventories, strong consumer competition for cars and skyrocketing prices. Good used cars at affordable prices are hard to come by and they

Economists: Eliminating sales tax on food would aid low-income families in South Dakota

Charging sales tax on food purchases is regressive by nature but is especially unfair to low-income South Dakotans who already spend a disproportionate amount of their income to meet basic needs, two prominent South Dakota economists said. Eliminating the sales tax on groceries could help alleviate some of the financial

New poll reveals economic pessimism and dissatisfaction with democratic institutions

As the state emerges from the COVID-19 pandemic, some residents of South Dakota are uneasy about what life holds for future generations and have only limited confidence in the effectiveness of some democratic institutions. The findings are part of a large set of results from a recent poll of 500

Frenzied housing market putting homeownership out of reach for some South Dakotans

Historically low interest rates, a rush of out-of-state homebuyers, limited inventory and higher construction prices for new homes have made for a frenzied housing market that has put homeownership further out of reach for some South Dakota residents. The highly competitive housing market is leading to a range of outcomes

Arena operators in South Dakota hope financial losses from COVID-19 are now behind them

Civic centers and arenas across South Dakota suffered significant financial losses during the COVID-19 pandemic but are seeing indicators of the potential for a return to profitability. Auditoriums sat empty for a few months or more in the early days of the pandemic in early 2020, and bookings remained slow
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