WEBVTT

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<v Speaker 1>Something you should go. Something you should Know is brought

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<v Speaker 1>to you by Genesisgold dot com. That is also something

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<v Speaker 1>you should know. You can put your retirement plan on

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<v Speaker 1>the gold standard. Genesis Gold Group is the only IRA

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<v Speaker 1>gooldr dot com. Here's something you should know. South Dakota

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<v Speaker 1>rank number twenty one as far as the best state

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<v Speaker 1>for entrepreneurs in twenty twenty five. Sadly, we fell from

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<v Speaker 1>fifteen last year. No, we fell fifteen spots from last year,

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<v Speaker 1>so we're down a bit. I don't know what changed,

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<v Speaker 1>but this is from a study from Simplify LLC. They

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<v Speaker 1>release an annual list from the best and worst states

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<v Speaker 1>for entrepreneurs using the most recent data from the Census Bureau,

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<v Speaker 1>the Bureau of Economic Analysis, Tax Foundation, and the US Senate.

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<v Speaker 1>The rankings were determined by analyzing six key categories in

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<v Speaker 1>all fifty states and Washington DC. Corporate tax rate, inflation,

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<v Speaker 1>consumer spending growth, job creation rate, and net migration of

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<v Speaker 1>educated workers. So, according to all of that, South Dakota

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<v Speaker 1>rank number twenty one, which is down fifteen spaces from

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<v Speaker 1>twenty twenty four, South Dakota saw decline in its ranking,

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<v Speaker 1>primarily due to slower job creation in the last year.

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<v Speaker 1>That is the big big deal. It was a rate

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<v Speaker 1>of thirteen point four, ranking number forty nine on the list,

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<v Speaker 1>so that's what made the biggest difference. A dip in

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<v Speaker 1>consumer spending growth as well, but just a little bit there.

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<v Speaker 1>And despite these challenges, the state maintained a strong position

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<v Speaker 1>in new business growth, which while falling five point eight

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<v Speaker 1>points to two point five percent, still held us at

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<v Speaker 1>number ten overall. So again we slid down a little bit,

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<v Speaker 1>but it's still not a bad place to be. Ten

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<v Speaker 1>best states for entrepreneurs in twenty twenty five according to

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<v Speaker 1>this list, Washington, Texas, Maine, Nevada, Oregon, Florida, Rhode Island, Colorado, Vermont,

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<v Speaker 1>and Hawaii. Leading business sectors for new business, leading sectors

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<v Speaker 1>for new business retail including e commerce and brick and

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<v Speaker 1>mortar store and professional, scientific and technical services things like

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<v Speaker 1>legal and accounting. And the last on the list is construction,

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<v Speaker 1>residential and non residential. So that is all Something you

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<v Speaker 1>should know, Something you should know. Something you should Know

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<v Speaker 1>is brought to you by Genesis gooldra dot Com. Put

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<v Speaker 1>gold and silver guide now at genesisgoldra dot com