I have to agree to an extent. The economy in SD really isn’t as great as made out to be. Tourism is HUGE for this area so that helps bolster things a lot more than it otherwise would be.
SD is actually a poor business destination. If you were CEO of a company say in Denver and wanted to move your company here, the numbers would kill you. High worker’s comp, taxes, utilities, real estate, gas, etc. add up to a huge impact to the bottom line.
I worked for a small company that hired a consultant to look into a move to a less expensive area. Bottom line, we could have had about $200k more profit per month in a place like Las Vegas compared to here.
Most companies are here because their owners/investors live in La Jolla or RSF, like it, and want to be close by the business, NOT because this is a good business location economically. Making just business decisions we would all be in Dallas, TX!
