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As one of the largest states in the US, South Dakota produces more than $3.6 billion in annual revenue from agriculture, forestry, fishing, and hunting. They are within the top 10 states for the production of honey, corn, and cattle, and employ millions of acres statewide. South Dakota also enjoys a modest income for tourist and landmark visitation, grossing $2 billion annually from visits to Mount Rushmore. Today, South Dakota is working to diversify its economy with renewed interest in the service sector of professional business services. A combined $15.5 billion is generated from finance, insurance, healthcare, and education. The manufacturing industry is also quickly on the rise. Contacts in South Dakota hold a great deal of promise for small businesses, which is why local phone numbers may be a critical element of ongoing success.
Any business that plans to get started in the Mount Rushmore State should consider getting involved with one of the area’s incubator or accelerator programs
This program serves startups in a number of industries, namely manufacturing or technology fields. Financing and business planning guides are available, including individual programs for various needs. Native American entrepreneurs may have access to additional opportunities.
The Research Park of South Dakota State is a specialized accelerator program with rental space available. Other industries are welcome to apply, but early-stage tech and science research firms are the primary demographic. Successful applicants enjoy conference rooms, collaboration, and shovel-ready locations.
Any organization is welcome to join the professionals at Watertown Works. Sometimes referred to as Kampeska Capital LLC, the primary focus of this accelerator is on seed-stage start-ups. Business coaching, site selection, and other assistance are provided to startups considering relocation.
A combination incubator and accelerator program, Elevate was designed for startups in any industry. The David Lust Accelerator Building provides unlimited access to meeting rooms and professional services. Multiple networking events are also provided.
Michael Seibel CEO at Y Combinator
Jason Ovryn Co-founder & COO at Carry