Over the past decade, the South Dakota communities of Sioux Falls, Brookings and Rapid City have developed business incubators to assist entrepreneurs in successfully launching and growing their businesses. By both directly providing entrepreneurial training and by serving as connectors to other resources and activities, these incubators are helping our state’s entrepreneurs thrive in an ever-changing environment. The direct economic impact of these business incubators is both measureable and significant. Today the companies and graduates of the South Dakota Technology Business Center, located in Sioux Falls, employ 673 people at an average annual salary of more than $60,000. In addition, these same companies achieved combined annual sales exceeding $200 million in 2013.
