South Dakota is on top… of the lowest quintile for real state GDP growth in 2014:
Two states—Alaska and Mississippi—posted GDP shrinkage in 2014. We almost joined them, growing our economy only 0.6%. We tied Vermont and Connecticut. Maine, Iowa, Indiana, and New Jersey grew less than we did; Virginia didn’t grow at all.
“Foundation Park has several unique and defining characteristics,” said Gov. Dennis Daugaard. “In addition to the location’s robust infrastructure, including access to two major interstates and rail, the site draws from South Dakota’s largest population base in a nationally-recognized, fast-growing economy. Paired with South Dakota’s unparalleled business climate, Foundation Park gives our state the opportunity to attract larger national and international projects” [Governor’s Office of Economic Development, press release, 2015.06.02].
0.6% is neither fast growing nor worthy of national recognition. It doesn’t even beat Minnesota, which posted an anemic 1.4% growth, below the national average of 2.2%.