The United States acquired South Dakota’s 78 thousand square miles as part of the Louisiana Purchase in 1803. It was more thoroughly explored by Lewis and Clark in the years from 1804-1806. The whole state is bisected by the Missouri River, and the terrain is mostly badlands, plains, and farmland. The only real elevation to speak of in South Dakota are the Black Hills, the highest group of mountains east of the Rockies. This is where the likenesses of Washington, Jefferson, Lincoln, and Roosevelt were carved at Mount Rushmore, and serves as a large tourist attraction. Durable goods manufacturing and private services lead the state’s economy. The state is the second largest producer of sunflower seed oil in the US. South Dakota could be a great place to start a small business without investing a lot of startup capital.
South Dakota is a great state in which to start a small business due to its cheap land and low taxes. It is possible to create a startup or expand in this area with relatively low capital and low maintenance costs.
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