Business

Total 183 Posts

Exclusive: How South Dakota spent $14 billion of pandemic relief funds

South Dakota received nearly $14 billion in federal COVID-19 funding from March 2020 through January, according to an internal state fiscal report obtained exclusively by South Dakota News Watch.  The document tallies the $13.84 billion intended to help governments, businesses, organizations and individuals survive and recover from a pandemic

Unexpected expenses: State project costs jump by millions

South Dakota taxpayers could pay millions of dollars in unexpected expenses caused by inflation and workforce challenges that are hitting the construction industry. Nine bills have been filed in the current legislative session in Pierre to increase funding for construction projects that were passed in prior years but have gotten

Tax break likely for South Dakota residents in 2023 — but who benefits and by how much?

A bipartisan consensus has emerged in the South Dakota Legislature that the time is right for some form of tax relief to be passed as part of budget negotiations in Pierre. But questions about which tax is reduced, and who will benefit, are still in debate and will be resolved

New law makes selling homemade foods directly to consumers easier in South Dakota

ABERDEEN, S.D. – A new law that makes it easier for people to sell homemade foods directly to consumers in South Dakota could expand business opportunities for small producers and increase product offerings at homes, farmers markets, fairs and roadside stands. House Bill 1322 was passed unanimously by the state

Amid historic decline, 2022 pheasant season off to strong start in South Dakota

ABERDEEN, S.D. – Few if any people in South Dakota will argue that the state’s vaunted pheasant hunting industry in 2022 is as strong as in the past. Compared to prior decades, the slow and steady declines are apparent in both license sales and bird numbers and, to some

Homeownership part 2: Experts say developing more affordable homes is biggest need in South Dakota housing market

A greater focus on increasing availability of affordable housing in South Dakota is needed to enable more young people to reach their dream of owning a home, according to a panel of experts on the state real estate and mortgage industries. Steve Ennis, a senior mortgage officer at CU Mortgage

Hurdles to homeownership: Why buying a home is out of reach for many South Dakota residents

A series of economic factors has coalesced over the past two years to make it extremely difficult or even impossible for many people in South Dakota to achieve the American Dream of homeownership. The price of new and existing homes has skyrocketed in recent years at a time when modest
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