The Commissioner of the Governor’s Office of Economic Development spend his Wednesday in Washington D-C, giving testimony on how South Dakota has bucked many of the national trends and is prospering in not so prosperous times. Pat Costello appeared before the House Small Business Committee…
Costello also highlighted South Dakota’s business climate and tax structure that is favorable for businesses looking to move to South Dakota. He also noted Governor Dennis Daugaard’s hands-on courting of prospective businesses. The amount of federal regulations imposed on states was focused on frequently during the one-hour hearing….
When asked to give House members on the panel closing thoughts on challenges from a state and federal perspective, Costello says work force development was the biggest challenge on the state level due to South Dakota’s roughly 800-thousand person population…
Joining Costello on the panel were economic development representatives from Kansas, Texas and Virginia, states that have performed well financially during the economic down turn.