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Speaker 1: gooldr dot com. Here's something you should know. South Dakota
Speaker 1: rank number twenty one as far as the best state
Speaker 1: for entrepreneurs in twenty twenty five. Sadly, we fell from
Speaker 1: fifteen last year. No, we fell fifteen spots from last year,
Speaker 1: so we're down a bit. I don't know what changed,
Speaker 1: but this is from a study from Simplify LLC. They
Speaker 1: release an annual list from the best and worst states
Speaker 1: for entrepreneurs using the most recent data from the Census Bureau,
Speaker 1: the Bureau of Economic Analysis, Tax Foundation, and the US Senate.
Speaker 1: The rankings were determined by analyzing six key categories in
Speaker 1: all fifty states and Washington DC. Corporate tax rate, inflation,
Speaker 1: consumer spending growth, job creation rate, and net migration of
Speaker 1: educated workers. So, according to all of that, South Dakota
Speaker 1: rank number twenty one, which is down fifteen spaces from
Speaker 1: twenty twenty four, South Dakota saw decline in its ranking,
Speaker 1: primarily due to slower job creation in the last year.
Speaker 1: That is the big big deal. It was a rate
Speaker 1: of thirteen point four, ranking number forty nine on the list,
Speaker 1: so that's what made the biggest difference. A dip in
Speaker 1: consumer spending growth as well, but just a little bit there.
Speaker 1: And despite these challenges, the state maintained a strong position
Speaker 1: in new business growth, which while falling five point eight
Speaker 1: points to two point five percent, still held us at
Speaker 1: number ten overall. So again we slid down a little bit,
Speaker 1: but it's still not a bad place to be. Ten
Speaker 1: best states for entrepreneurs in twenty twenty five according to
Speaker 1: this list, Washington, Texas, Maine, Nevada, Oregon, Florida, Rhode Island, Colorado, Vermont,
Speaker 1: and Hawaii. Leading business sectors for new business, leading sectors
Speaker 1: for new business retail including e commerce and brick and
Speaker 1: mortar store and professional, scientific and technical services things like
Speaker 1: legal and accounting. And the last on the list is construction,
Speaker 1: residential and non residential. So that is all Something you
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