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Economy

South Dakota Capitol Building
J. Stephen Conn, Flickr

South Dakota Faces Federal Cuts, Furloughs

PIERRE - Gov. Dennis Daugaard says South Dakota could lose at least $10 million in federal funding from automatic spending cuts set to take effect Friday.

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Man Holding Money (FILE)
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GDP in Sioux Falls Metro Grew by Less Than 1 Percent

SIOUX FALLS - A key economic indicator shows that South Dakota's largest city experienced slight growth in 2011.

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President Barack Obama
Chip Somodevilla/Getty Images

Column: No Big Compromises? Blame Party Power

WASHINGTON - These days, it sounds like an improbable fairy tale: politicians with deeply differing visions of America setting aside disagreements to reach a grand compromise on a critical issue.

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Sending a message to Congress
(Photo by Brendan Hoffman/Getty Images)

How Automatic Budget Cuts Could Affect South Dakota

SIOUX FALLS - The White House compiled the numbers from federal agencies and its own budget office. The numbers reflect the impact of the cuts this year. Unless Congress acts by Friday, $85 billion in cuts are set to take effect from March-September.

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Facebook Takes Advantage Multi-million Dollar Tax Breaks

MENLO PARK, Calif. - Facebook has released its tax information and despite the fact that it made over a billion dollars in profits last year, the company won’t be paying any taxes, but will instead be collecting a $429 million refund.

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Glanbia Nutritionals
Glanbia Nutritionals

Company Building Cereal Ingredient Plant in Sioux Falls

SIOUX FALLS - A global company with a division specializing in protein and flaxseed is breaking ground Monday on a 40,000-square-foot cereal ingredient processing facility in Sioux Falls

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Sioux Falls Leaders Ponder $1.7 Million Surplus

SIOUX FALLS - City officials in Sioux Falls are debating what to do with an estimated $1.7 million surplus in the city's capital budget.

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Gasoline pumps are seen at Shell filling station
Tim Boyle/Getty Images

Gas Prices on the Rise in Sioux Falls

SIOUX FALLS - If you’re headed to the gas station you’ll be feeling it a little more in your wallet. Gas prices in Sioux Falls have jumped 20 cents a gallon in the past week.

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Sioux Falls Downtown
WikiMedia

Great Plains Cities Seize New Wave of Prosperity

SIOUX FALLS - Sioux Falls, S.D., Mayor Mike Huether points to voters' approval of a $115 million events center as proof that residents are comfortable the city's "fiscal house" is in good shape.

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Unemployment (File)
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US Gains 157K Jobs; Jobless Rate Rises to 7.9 Pct.

WASHINGTON - U.S. employers added 157,000 jobs in January, and hiring was much stronger at the end of 2012 than previously thought, providing reassurance that the job market held steady even as economic growth stalled.

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