February 5, 2025
Sioux Falls has been appointed the main city of the Nation for small businesses, according to a classification of the B2B Reviews website.
The methodology analyzed five key metrics using data from the US Census Office, which considers that a small company is one or less employed and at least $ 1,000 in annual income.
This is how Sioux Falls was in all the categories analyzed:
- The population of the city as a percentage of the State: 23.28 percent
- City GDP as a percentage of state GDP: 0.041 percent
- City unemployment rate: 1.5 percent
- Percentage of small businesses in the county: 25.24 percent
- Average hour salary: $ 27.02
Sioux Falls was helped in the classification due to its low unemployment rate and the high percentage of small businesses within the State.
To see the full report, click here.
The same organization also looked recently Best states To start a business. Dakota del Sur occupied the ninth place based on fiscal policies, the growth rate of small businesses, the probability of commercial survival, general economic health and statistics related to the workforce.