SIOUX FALLS City Ranking Report for Small Businesses – Siouxfalls.business

February 5, 2025

The Sioux Falls has been declared the country’s largest city for small businesses, according to the ranking of the B2B website reviews.

The methodology examined five key indicators using the US Bureau data, which they believe small business is 500 or less employees and at least $ 1,000 in annual revenue.

Here’s how Sioux Falls handles all analyzed categories:

• The city’s population as a percentage of the state: 23.28 percent
• Urban GDP as a percentage of state GDP: 0.041 percent
• Unemployment rate in the city: 1.5 percent
• Percentage of small enterprises in County: 25.24 percent
• Average hourly salary: $ 27,02

The Sioux Falls was aided in the ranking of its low unemployment rate and the high percentage of small businesses within the country.

To see the full report, click here.

The same organization also examined the best countries to start a business. South Dakota is ranked ninth on the basis of tax policies, small business growth rates, the likelihood of business survival, overall economic health and workforce statistics.