A recent series of articles in the National Journal asked the question, "Is Sioux Falls the next boom town?" The series is part of recent, national recognition for the city's strong, rapid growth. Mayor Mike Huether is working to support that recognition and debunk the notion that Sioux Falls is just another backwater town. And the mayor says Sioux Falls has the numbers to prove it. During the recession, Sioux Falls was able to stockpile millions in reserves. In fact, CNBC calls South Dakota America's top state for business thanks to the low cost of operating a company. The hefty banking sector is strong in part because of a lack of usury limits, making it easier for banks to charge higher interest rates. There's also no corporate or personal income taxes, which benefits business.
Sioux Falls Mayor Responds To Growing Boom Town Recognition
By Nathan Puhl • Aug 5, 2013