South Dakota has a well-known reputation for its business-friendly tax structure. Nationally recognized trust laws, including the lowest capital requirement in the United States, no rule against perpetuity, and a private and secure environment, only add to South Dakota’s appeal for credit and banking institutions of all sizes. In fact, South Dakota is home to one of the largest financial services sector in the country.
With global names operating in South Dakota such as CitiBank, Wells Fargo & Co., TCF Bank and more, we have an unprecedented depth and breadth of financial services experience. Our educated workforce has professional experience with many of the industry’s key players and is eager to train the next generation of workers to help your business succeed.
To help ensure that South Dakota remains a secure place to manage bank assets, our universities offer specialized degrees and training programs aimed at providing cybersecurity, defense and intelligence education, in addition to finance programs. Dakota State University for example, is home to one of 13 designated Centers of Academic Excellence in Cyber Operations designated by the National Security Agency and maintains relationships with government agencies to provide students with state-of-the-art cyber education.