The Sioux Falls economy is primarily comprised of healthcare, retail trade and finance. Agriculture and tourism are notable economic components. Sioux Falls is home to numerous financial companies including Citigroup, Bank First, Great Western Bank, HSBC, Total Card Inc, Wells Fargo, Premier Bancard and Capital Card Services.
The manufacturing and food processing industries are still economic assets to the city. The major manufactures are John Morrel & Company, Hutchinson Technology, Bell Incorporated, Gage Brothers and Tyco. Some of the items produced in Sioux Falls are fabricated steel, electronic test equipment, concrete items, computer components and corrugated boxes.
About 20% of the labor force is employed by the 3,200 retail outlets. The financial companies and the local hospitals are also major employers in the city. Sanford Health and Avera Health are the largest and second largest job providers in Sioux Falls, respectively.
Sioux Falls has several times been named the #1 best small place for business and careers by Forbes. Sioux Falls was also ranked by CNN as the 45th best place to live and launch in a list of 100.
Details about Sioux Falls, South Dakota: Estimated median household income in 2007: $47,000. In 2008 the cost of living index was: 82.6. Adult population that earned a bachelor's degree or higher: 28%.
The top job providers in the Sioux Falls area:
- Sanford Health
- Wells Fargo
- John Morrell & Company
- Sioux Falls School System
- HyVee Food Stores
- First Premier Bank
- City of Sioux Falls
- Walmart/Sam's Club
- Evangelical Lutheran Good Samaritan Society
- Dept., of Veterans Affairs Medical & Regional Office
- Midcontinent Communications
- Raven Industries/Aerostar International Inc
- Lewis Drug, Inc
- Midwest Coast Transport
- CIGNA Tel Drug
- United States Postal Service
The leading nonagricultural employment sectors in Sioux Falls, South Dakota.
- Trade, transportation and utilities
- Financial activities
- Leisure and hospitality
Sioux Falls companies are invited to work with associations such as:
- Sioux Falls, SD Chamber of Commerce
- Sioux Falls Development Foundation
- South Dakota Governor's Office of Economic Development
- South Dakota Small Business Development Center - USD
Those interested in learning about Sioux Falls business and industry activities can visit Sioux Falls Business Journal.com.