Business
Total 202 Posts
From independent operators to publicly traded companies, stories on the businesses that fuel South Dakota's economy.
Investigation part 4: Federal government relied largely on local lenders to vet more than $800 billion in COVID loans
Significant direct oversight of the federal Paycheck Protection Program, which provided more than $800 billion in forgivable loans to U.S. business during the pandemic, was placed in the hands of the community banks and lending institutions that issued the loans.
Jaime Wood, South Dakota director for the U.S.
Rising prices for meat and other groceries placing financial burden on South Dakota families
Rising food prices have added another financial burden on South Dakota families already facing increased costs for essential goods and services during the pandemic and amid a recent spike in inflation.
During the COVID-19 pandemic, the average price of food bought for home consumption has risen at double the typical
Investigation Part 2: South Dakota outsourced management and auditing of COVID relief grants
The state Bureau of Finance and Management is not conducting its own auditing of individual grant applications or grants awarded under the Coronavirus Relief Fund, according to Colin Keeler, director of financial systems in the department.
The state hired an independent firm to manage both the application and award process
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