Rapid City’s economic prospects are better today than at any point in recent history, as the number and value of building permits certainly can attest. We are an incredibly diverse, hardworking community blessed with an outstanding quality of life. And, we are ideally positioned to reap the benefits of Ellsworth Air Force Base, Sanford Underground Research Lab and the SD School of Mines and Technology.
Among our assets, one would consider low taxes, a good mix of profitable and civic-minded businesses, a thriving downtown, effective city governance, safe neighborhoods, excellent K-12 and post-secondary schools, low crime and plenty of recreational opportunities. These make Rapid City an attractive place to live, work, and raise a family. Not surprisingly, South Dakota was recently recognized as the second most business friendly state by 24/7 Wall Street, as well as having the fifth best quality of life among all fifty states, by US News and World Report. As the second largest city in the state, our region is well positioned to capitalize on the opportunities coming our way, and more importantly, those we are creating for ourselves and future generations.
UPGRADING OUR COMPETITIVENESS IN THE REGIONAL, STATE AND NATIONAL MARKETPLACE FOR NEW BUSINESS OPPORTUNITIES
If Rapid City is to effectively compete for and win new business opportunities, then we must upgrade our competitive position in terms of the product we offer and the methods by which we identify, market, sell and service the prospective business.