AGP Executive Report
Last update: 3 hours agoEconomic Outlook: South Dakota advisers cited economic “headwinds,” including labor-force participation falling to 66.3% from 68.2% a year earlier. The state still has 2% unemployment and three job openings per unemployed person, but officials point to an aging workforce and the need for more automation and productivity. Agriculture & Conservation: The Second Century Habitat Fund won nearly $8 million in USDA funding for a statewide initiative to restore 7,500 acres of grassland while supporting livestock producers. Cannabis Industry: South Dakota is among seven states where more than 900 medical marijuana dispensaries received federal registrations, a step that could make tax benefits available to businesses. Consumer Protection: The state will receive $2.6 million from a multistate settlement over GM’s sharing of drivers’ data; the money goes to South Dakota’s Consumer Protection Fund. Business Expansion: Baldwin Supply plans to triple the size of its Sioux Falls branch to 50,000 square feet.
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