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Correction for Noem: South Dakota Has (12th-) Strongest Economy, (22nd-) Best Business Climate

Tweeting from her sauna yesterday evening, Kristi Noem resurrected (in cute parentheses) her easily debunkable claim that South Dakota’s economy is “(still the strongest in the nation)“:

Gov. Kristi Noem, tweet, 2022.07.12.
Gov. Kristi Noem, tweet, 2022.07.12.

Someone needs to tell Kristi that parentheses don’t work like mock quotes—we still expect the statement to be true.

And it’s not, according to CNBC, whose latest “America’s Top States for Business” released today say that South Dakota has only the 12th-strongest economy, 29th-best cost of living, 36th-best infrastructure and technology/innovation, 39th-best education, and 43rd-best workforce, leaving us as only the 22nd-best state for business.

21 states are better for business than South Dakota, including…

  • #7: Nebraska
  • #9: Minnesota
  • #12: Iowa
  • #13: North Dakota

Economy is just one of ten criteria CNBC used to to determine its business rankings. CNBC assigns Economy 13% weight in its calculations for each state and explains Economy in its methodology:

Particularly in uncertain times, companies are seeking states with stable finances and solid economies. We examine the economic strength of each state by looking at gross domestic product growth and job growth over the past year. We measure each state’s fiscal condition by looking at its credit ratings and outlook, its overall budget picture including spending, revenue and reserves, as well as pension obligations. We rate the health of the residential real estate market. Because a diverse economy is important in any environment, we consider the number of major corporations headquartered in each state [Scott Cohn, “How We Are Choosing America’s Top States for Business in 2022,” CNBC, 2022.07.12].

So add up GDP, jobs, state credit ratings and outlook, pension, the housing market, and corporate HQs, and South Dakota has a weaker economy than 11 other states. And even when businesses see the 12th-strongest economy in South Dakota, they can still cite other factors, like education, workforce, and infrastructure, that would make them pick ten more states before they’d pick South Dakota.

12th-best economy, 22nd-best for business, 39th-best education, 43rd-best workforce—Kristi’s going to need a lot more parentheses.

15 Comments

  1. Guy

    Thank you for the FACTS, Cory!

  2. P. Aitch

    If Candidate Smith had the money in his campaign, he could point out that Kounterfeit Kristi is ….

  3. Guy, the facts are my only currency. Thanks!

    P, Smith could get more money in his campaign by regularly retweeting the facts presented on this blog.

  4. P. Aitch

    He sure could, Cory. I see he’s going to debate the Governor.
    In 2018 when Rep. Noem was elected Governor SD was ranked 20th Best Business Climate.
    Sure, you took SD down but ‘ya don’t have to lie about it, young lady. Geez! You brought the economy up from 27th. No where near “TOP”, though.
    https://www.cnbc.com/2018/07/10/americas-top-states-for-business-2018.html

  5. CNBC ranked us 7th in 2008 and 2012.

    But Noem’s GOED chief Steve Westra told the Board of Economic Development that our economy is roaring hot. He cited various figures, only one of which, personal income growth, put SD at #1. (And when we’re climbing up from gutter wages, we should question that stat.)

  6. Steve Baldwin

    She learned from the best — liar that is. We can do better I economy and governor!

  7. grudznick

    Mr. Smith might be smote by pointing out that South Dakota has the 12th best economy (if that’s even true, these ratings are like Mr. Nelson’s scorecards), which is way, way above average. If South Dakota were measured on the Seven Indisputable Levels of Teachers (SILT) we’d be at least a “very good teacher,” if not a “very, very good teacher.”

  8. Well killer Kristi has to say something positive. She let all those people die for that result? Tragic.

  9. K.N. is sure instrumental in filling up the Prisons when many could be going to Rehab. & trying to end the Cycle. $$$.

  10. tara volesky

    Springfield prison is now locked down. No church and no bible study. She won’t mention that, will she?

  11. grudznick

    People can study their bibles on their own in their cells, Mrs. Volesky. And church can be done over the intercom…the covid bugs proved that for all the churches. What’s your point? Prison isn’t meant to be a summer church camp. Is your buddy, Mr. Klaudt, complaining?

  12. Torah, torah, torah
    Why is Judaism
    So mean?

  13. Before or after breakfast Grudz? What is prison meant to be? It was named after a person from Highmore you see..
    Seems almost relative to me. Second cousin twice removed, perhaps, thinking it over mayhaps.

  14. John Tsitrian

    Cory, you might also call attention to the BEA’s recap of Q1 2022 GDP data, which objectifies SD’s results compared to the nation and to our neighboring states. The U.S. GDP fell off 1.6%, South Dakota’s dropped 3.5%, putting us into the lowest quintile in the country. https://www.bea.gov/system/files/qgdpstate0622.png

  15. DaveFN

    Noem has similarly used such enticements for people to relocate to South Dakota with her lies. Here’s a comment in the RC Journal “Two Cents” column from July 7, 2022:

    “Having moved here from Fargo last Oct., my wife and I are surprised/dismayed at the number of libs and anti-Noems inhabiting what we thought to be a region full of common sense. What has happened to West River SD and the Black Hills? Wait, we know, it’s the woke invasion. Sad.”

    Reminiscent of “Stephen Ayres, a Donald Trump supporter who pleaded guilty to entering the Capitol on Jan. 6 testified on July 12 before the House committee investigating the insurrection, saying the former president “riled up” the crowd who “were following what he said” ahead of the insurrection.”

    How very naïve, gullible, and mindless people people have become, the playthings of those who manipulate them top down, although dumbing down has long been a topic in educational circles.

    That someone thought Noem was referring to some nirvana here in South Dakota for believers “just like her” is hilarious, however real its consequences.

    Trump similarly played people for the idiots they proved to be and that he hoped they would. Legal arguments based on chain of evidence trying to establish cause and effect alone are unlikely to bring him to justice. We would better fight the invocation to idiocy on different grounds.

    https://rapidcityjournal.com/news/local/your-two-cents-for-july-7/article_5a07a75c-3b28-5fc0-99cf-5b92c8c8e2ec.html

    https://www.pbs.org/newshour/politics/who-is-stephen-ayres-and-why-is-he-testifying-in-the-jan-6-hearings

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