South Dakota may not be known for its bustling corporate landscape, but the state is home to several major companies that play a significant role in its economy.
From agriculture and healthcare to finance and manufacturing, the 40 largest companies in South Dakota span across a wide range of industries.
These companies are not only major employers in the state, but also contribute significantly to its GDP.
In this article, we will explore the top 40 companies in South Dakota, highlighting their contributions to the state’s economy and their impact on the business landscape.
1. Sanford Health
Background: Sanford Health is a prominent healthcare system headquartered in Sioux Falls, South Dakota.
It operates numerous hospitals, clinics, and health facilities across multiple states, offering a comprehensive range of medical services including primary care, specialty care, research, and education.
Core Industries: Healthcare, Medical Services, Research
Key Achievements: Sanford Health is known for its innovative healthcare practices, research initiatives, and community outreach programs.
The company’s commitment to improving access to healthcare and promoting wellness has earned it recognition as a key player in the industry.
2. Avera Health
Background: Avera Health is a healthcare system based in Sioux Falls, South Dakota.
It operates hospitals, clinics, and long-term care facilities across several states, providing a wide range of medical services including primary care, specialty care, and telemedicine.
Core Industries: Healthcare, Medical Services, Telemedicine
Key Achievements: Avera Health is known for its focus on patient-centered care, medical innovation, and community health initiatives.
It has received recognition for its high-quality healthcare services and contributions to improving access to healthcare in rural areas.
3. Poet
Background: Poet is a leading biofuels company headquartered in Sioux Falls, South Dakota.
It specializes in the production of ethanol and other renewable fuels from agricultural feedstocks such as corn.
Core Industries: Biofuels, Agriculture, Renewable Energy
Key Achievements: Poet is known for its commitment to sustainability and reducing greenhouse gas emissions through the production of renewable fuels.
It has expanded its operations to multiple states and has played a significant role in the growth of the biofuels industry.
4. Raven Industries
Background: Raven Industries is a diversified technology company based in Sioux Falls, South Dakota.
It operates in various sectors including agriculture, aerospace, and applied technology, providing innovative solutions to customers worldwide.
Core Industries: Agriculture, Aerospace, Applied Technology
Key Achievements: Raven Industries is known for its development of advanced agricultural technologies such as precision agriculture systems and autonomous farming solutions.
It has a strong reputation for innovation and has received numerous awards for its contributions to these industries.
5. Daktronics
Background: Daktronics is a leading manufacturer of electronic display systems headquartered in Brookings, South Dakota.
It designs and produces large-scale LED displays, digital billboards, and scoreboards for sports venues, transportation hubs, and commercial applications.
Core Industries: Electronics, Digital Signage, Sports Technology
Key Achievements: Daktronics is known for its high-quality display solutions and innovative technology offerings.
It has provided display systems for major sporting events, entertainment venues, and public spaces around the world, earning recognition for its expertise and reliability.
6. John Morrell & Co.
Background: John Morrell & Co. is a meat processing company based in Sioux Falls, South Dakota.
It specializes in the production of pork products including bacon, ham, and sausage, supplying both retail and foodservice industries.
Core Industries: Food Processing, Meat Packing
Key Achievements: John Morrell & Co. has a long history of providing high-quality meat products to consumers and businesses.
It has expanded its product offerings and distribution channels over the years, maintaining a strong presence in the food industry.
7. First Premier Bank
Background: First Premier Bank is a financial institution headquartered in Sioux Falls, South Dakota.
It offers a range of banking services including personal banking, business banking, and credit cards.
Core Industries: Banking, Financial Services
Key Achievements: First Premier Bank is known for its focus on customer service and innovative financial products.
It has grown to become one of the largest banks in South Dakota and has received recognition for its contributions to the local economy.
8. Midcontinent Communications
Background: Midcontinent Communications, also known as Midco, is a regional cable television and internet service provider based in Sioux Falls, South Dakota.
It offers a variety of telecommunications services including cable TV, internet, phone, and home security.
Core Industries: Telecommunications, Cable TV, Internet Services
Key Achievements: Midcontinent Communications is known for its high-speed internet offerings and reliable telecommunications services.
It has expanded its network infrastructure to serve customers across the Midwest region and has received awards for its customer satisfaction ratings.
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9. Citibank (South Dakota)
Background: Citibank operates a significant presence in South Dakota, particularly in Sioux Falls, where it houses its credit card operations center.
Citibank provides a range of financial services, including banking, credit cards, loans, and wealth management.
Core Industries: Banking, Financial Services
Key Achievements: Citibank’s operations in South Dakota have contributed to the state’s economy and employment.
Its credit card operations center in Sioux Falls is one of the largest in the country, employing thousands of people and playing a significant role in the financial services industry.
10. MetaBank
Background: MetaBank is a federally chartered savings bank headquartered in Sioux Falls, South Dakota.
It provides a variety of banking services, including checking and savings accounts, loans, prepaid cards, and commercial banking solutions.
Core Industries: Banking, Financial Services
Key Achievements: MetaBank has experienced significant growth and expansion, becoming one of the largest community banks in the United States.
It is known for its focus on innovation and technology-driven banking solutions, catering to both individual and business customers.
11. Black Hills Corporation
Background: Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota.
It operates in the utility, oil and gas, and power generation sectors, providing electricity and natural gas services to customers in multiple states.
Core Industries: Energy, Utilities, Oil & Gas
Key Achievements: Black Hills Corporation is known for its commitment to providing reliable and sustainable energy solutions.
It has invested in renewable energy projects and infrastructure upgrades to meet the evolving needs of its customers and communities.
12. Sammons Financial Group
Background: Sammons Financial Group is a financial services company with its insurance operations based in Sioux Falls, South Dakota.
It offers life insurance, annuities, and retirement planning solutions through its subsidiaries and affiliates.
Core Industries: Insurance, Financial Services
Key Achievements: Sammons Financial Group has a strong reputation for financial stability and customer service excellence.
It has received high ratings from independent rating agencies for its insurance products and has a long history of serving policyholders’ needs.
13. TSP Inc.
Background: TSP Inc. is an architectural and engineering firm headquartered in Sioux Falls, South Dakota.
It offers a wide range of design and consulting services for commercial, institutional, and government projects.
Core Industries: Architecture, Engineering, Design
Key Achievements: TSP Inc. has a strong reputation for its innovative and sustainable design solutions.
It has completed numerous projects across various sectors, earning recognition for its commitment to quality and client satisfaction.
14. Poet Research Center
Background: Poet Research Center is a research and development facility operated by Poet, a leading biofuels company.
Located in Scotland, South Dakota, the center focuses on advancing biofuel technology and developing new products and processes.
Core Industries: Biofuels, Research, Development
Key Achievements: The Poet Research Center plays a crucial role in driving innovation in the biofuels industry.
Its research efforts have led to advancements in biofuel production efficiency, sustainability, and the development of new feedstocks.
15. South Dakota Wheat Growers
Background: South Dakota Wheat Growers is a farmer-owned cooperative that provides agricultural products, services, and grain marketing solutions to farmers in South Dakota and surrounding areas.
Core Industries: Agriculture, Grain Marketing, Cooperative
Key Achievements: South Dakota Wheat Growers has a long history of supporting local farmers and promoting agricultural sustainability.
It offers a wide range of products and services to help farmers maximize their productivity and profitability.
16. Sioux Falls Ford Lincoln
Background: Sioux Falls Ford Lincoln is an automotive dealership located in Sioux Falls, South Dakota.
It offers a wide selection of new and used Ford and Lincoln vehicles, as well as financing, leasing, and automotive services.
Core Industries: Automotive Sales, Automotive Services
Key Achievements: Sioux Falls Ford Lincoln is known for its excellent customer service and knowledgeable staff.
It has been serving the automotive needs of the Sioux Falls community for many years and has built a reputation for reliability and integrity.
17. NorthWestern Energy
Background: NorthWestern Energy is a utility company providing electricity and natural gas services to customers in South Dakota, Montana, and Nebraska.
It operates power plants, transmission lines, and distribution networks to deliver reliable energy to homes and businesses.
Core Industries: Energy, Utilities
Key Achievements: NorthWestern Energy is committed to providing safe, reliable, and affordable energy to its customers.
It invests in infrastructure upgrades and renewable energy projects to meet the growing energy demands of the communities it serves.
18. VeraSun Energy
Background: VeraSun Energy was a leading producer of ethanol and renewable fuels with headquarters in Sioux Falls, South Dakota.
It operated multiple ethanol plants across the Midwest, utilizing corn and other feedstocks to produce biofuels.
Core Industries: Biofuels, Renewable Energy
Key Achievements: VeraSun Energy played a significant role in the growth of the ethanol industry in the United States.
It contributed to reducing dependence on fossil fuels and promoting environmental sustainability through the production of renewable fuels.
19. Gunderson’s Jewelers
Background: Gunderson’s Jewelers is a family-owned jewelry store located in Sioux Falls, South Dakota.
It offers a wide selection of fine jewelry, including engagement rings, wedding bands, diamonds, and watches.
Core Industries: Retail, Jewelry
Key Achievements: Gunderson’s Jewelers has been serving customers in the Sioux Falls area for several decades, providing high-quality jewelry and exceptional customer service.
It has earned a reputation for its expertise in diamonds and gemstones, as well as its commitment to craftsmanship and design.
20. Wells Fargo (South Dakota operations)
Background: Wells Fargo operates various banking and financial services in South Dakota, including retail banking, commercial banking, wealth management, and mortgage lending.
It has a significant presence in Sioux Falls, employing thousands of people in its operations center.
Core Industries: Banking, Financial Services
Key Achievements: Wells Fargo’s operations in South Dakota contribute to the state’s economy and employment.
Its Sioux Falls operations center is one of the largest employers in the region and plays a vital role in the bank’s nationwide operations.
21. Total Card Inc.
Background: Total Card Inc. is a financial services company based in Sioux Falls, South Dakota, specializing in credit card processing and servicing.
It provides a range of credit card solutions for consumers and businesses.
Core Industries: Financial Services, Credit Card Processing
Key Achievements: Total Card Inc. has developed innovative credit card solutions and technology platforms to meet the evolving needs of its clients.
It is known for its focus on customer service and compliance with industry regulations.
22. Baldwin Filters
Background: Baldwin Filters is a manufacturer of heavy-duty filtration products headquartered in Kearney, Nebraska, with a significant presence in Yankton, South Dakota.
The company produces filters for automotive, industrial, agricultural, and marine applications.
Core Industries: Manufacturing, Filtration
Key Achievements: Baldwin Filters is recognized for its high-quality filtration solutions and innovative product designs.
It serves customers worldwide and has a reputation for reliability and durability in harsh operating environments.
23. Marmen Energy
Background: Marmen Energy is a wind turbine tower manufacturer located in Brandon, South Dakota.
The company specializes in the fabrication of steel structures for the renewable energy industry, including wind towers and components.
Core Industries: Manufacturing, Renewable Energy
Key Achievements: Marmen Energy has established itself as a leader in the wind energy sector, providing high-quality components for wind farms across North America.
It is known for its expertise in steel fabrication and commitment to sustainability.
24. Pioneer Seed Company
Background: Pioneer Seed Company, a subsidiary of Corteva Agriscience, is a leading provider of seeds and agricultural products in South Dakota.
It offers a wide range of seed varieties tailored to the region’s climate and soil conditions.
Core Industries: Agriculture, Seed Production
Key Achievements: Pioneer Seed Company is known for its research and development efforts in plant genetics and breeding.
It works closely with farmers to develop seed solutions that improve crop yields and resilience to environmental challenges.
25. Eagle Creek Software Services
Background: Eagle Creek Software Services is an IT services company headquartered in Valley City, North Dakota, with operations in Pierre, South Dakota.
It specializes in providing software development, consulting, and outsourcing services to clients across various industries.
Core Industries: Information Technology, Software Services
Key Achievements: Eagle Creek Software Services has a track record of delivering customized IT solutions to its clients, helping them optimize their business processes and achieve their strategic objectives.
It is known for its expertise in agile development methodologies and commitment to client satisfaction.
26. SDN Communications
Background: SDN Communications is a leading provider of telecommunications and network services based in Sioux Falls, South Dakota.
It offers broadband internet, data networking, cybersecurity, and managed services to businesses and organizations in the region.
Core Industries: Telecommunications, Network Services
Key Achievements: SDN Communications has built a robust network infrastructure and data center facilities to support the connectivity needs of its customers.
It is known for its reliable and secure telecommunications solutions, helping businesses stay connected and protected in an increasingly digital world.
27. Xcel Energy (South Dakota operations)
Background: Xcel Energy is a utility company providing electricity and natural gas services to customers in South Dakota and other states.
It operates power plants, transmission lines, and distribution networks to deliver reliable energy to homes and businesses.
Core Industries: Energy, Utilities
Key Achievements: Xcel Energy is committed to providing safe, clean, and affordable energy to its customers.
It invests in renewable energy projects, grid modernization, and energy efficiency programs to reduce its environmental impact and support sustainable growth.
28. Fiserv (South Dakota operations)
Background: Fiserv is a global provider of financial services technology solutions, including payment processing, banking software, and digital banking services.
It operates a significant presence in South Dakota, offering employment opportunities and contributing to the local economy.
Core Industries: Financial Technology, Payment Processing
Key Achievements: Fiserv’s operations in South Dakota play a vital role in supporting the financial services industry and meeting the technological needs of banks and financial institutions.
It is known for its innovative solutions and commitment to advancing financial technology.
29. 3M (South Dakota operations)
Background: 3M is a multinational conglomerate corporation that operates various businesses, including manufacturing, technology, and healthcare.
It has operations in South Dakota, where it provides employment and contributes to the local economy.
Core Industries: Manufacturing, Technology, Healthcare
Key Achievements: 3M’s operations in South Dakota encompass a range of activities, including manufacturing, research, and development.
The company is known for its innovative products and solutions across multiple industries, driving growth and innovation in the region.
30. Larson Manufacturing
Background: Larson Manufacturing is a leading manufacturer of storm doors, screen doors, and windows headquartered in Brookings, South Dakota.
It offers a wide range of products for residential and commercial applications, focusing on quality and innovation.
Core Industries: Manufacturing, Building Materials
Key Achievements: Larson Manufacturing has a long history of providing durable and stylish door and window solutions to its customers.
It is known for its commitment to quality craftsmanship, energy efficiency, and customer satisfaction.
31. Titan Machinery
Background: Titan Machinery is a dealer of agricultural and construction equipment with locations across the United States, including South Dakota.
It offers a wide range of new and used equipment, parts, and services to farmers, contractors, and other customers.
Core Industries: Agriculture, Construction, Equipment Sales
Key Achievements: Titan Machinery is known for its extensive inventory of equipment and its commitment to providing excellent customer service and support.
It serves as a valuable resource for agricultural and construction businesses in South Dakota and beyond.
32. StarMark Cabinetry
Background: StarMark Cabinetry is a manufacturer of custom and semi-custom kitchen and bath cabinetry headquartered in Sioux Falls, South Dakota.
It offers a wide range of styles, finishes, and customization options to homeowners and contractors.
Core Industries: Manufacturing, Cabinetry
Key Achievements: StarMark Cabinetry is known for its high-quality craftsmanship and attention to detail.
It has earned a reputation for excellence in the cabinetry industry, providing stylish and durable solutions for residential and commercial projects.
33. Konecranes
Background: Konecranes is a global leader in lifting equipment and services, including overhead cranes, hoists, and port solutions.
It serves various industries, including manufacturing, shipping, and logistics, with operations in South Dakota and worldwide.
Core Industries: Manufacturing, Logistics, Equipment Services
Key Achievements: Konecranes is known for its innovative lifting solutions and commitment to safety and reliability.
It provides critical equipment and services to industries around the world, helping them improve efficiency and productivity.
34. Muth Electric Inc.
Background: Muth Electric Inc. is an electrical contracting company based in Mitchell, South Dakota, with operations throughout the region.
It offers a wide range of electrical services for residential, commercial, and industrial projects.
Core Industries: Electrical Services, Contracting
Key Achievements: Muth Electric Inc. has a long history of providing quality electrical solutions and exceptional customer service.
It is known for its expertise in electrical design, installation, and maintenance, serving the needs of clients in various industries.
35. Smithfield Foods
Background: Smithfield Foods is a leading producer and processor of pork products with operations in South Dakota and across the United States.
It offers a wide range of pork products for retail, foodservice, and export markets.
Core Industries: Food Processing, Agriculture
Key Achievements: Smithfield Foods is known for its commitment to quality, safety, and sustainability in pork production.
It has invested in modern facilities and practices to ensure the welfare of animals, the safety of products, and the protection of the environment.
36. Corteva Agriscience
Background: Corteva Agriscience is a global agricultural company with operations in South Dakota and worldwide.
It offers a wide range of seed, crop protection, and digital agriculture solutions to help farmers maximize their productivity and profitability.
Core Industries: Agriculture, Crop Science
Key Achievements: Corteva Agriscience is known for its innovative agricultural products and solutions.
It conducts extensive research and development to develop seeds and crop protection products that meet the needs of farmers and contribute to sustainable agriculture.
37. Schwan’s Company
Background: Schwan’s Company is a food company headquartered in Marshall, Minnesota, with operations in South Dakota and other states.
It produces and markets a variety of frozen foods, including pizzas, desserts, and snacks, for retail and foodservice customers.
Core Industries: Food Processing, Frozen Foods
Key Achievements: Schwan’s Company is known for its diverse portfolio of high-quality frozen food products.
It has a strong presence in the retail and foodservice sectors, providing convenient and delicious meal solutions for consumers around the world.
38. Raven Aerostar
Background: Raven Aerostar is a division of Raven Industries specializing in the design and manufacturing of high-altitude balloons, stratospheric platforms, and aerostats for various applications, including telecommunications, surveillance, and research.
Core Industries: Aerospace, Technology
Key Achievements: Raven Aerostar is known for its innovative aerostat solutions and expertise in stratospheric platform technology.
It provides critical capabilities for communication, monitoring, and data collection in remote or challenging environments.
39. Northwestern Mutual (South Dakota)
Background: Northwestern Mutual is a financial services company providing insurance, investment, and wealth management solutions to individuals and businesses.
It has operations in South Dakota, offering financial planning and advisory services to clients in the region.
Core Industries: Financial Services, Insurance
Key Achievements: Northwestern Mutual is known for its financial strength, stability, and commitment to helping clients achieve financial security and success.
It provides personalized financial planning and insurance solutions tailored to the unique needs of each client.
40. Alumax Bath Enclosures
Background: Alumax Bath Enclosures is a manufacturer of shower enclosures and bath products based in Sioux Falls, South Dakota.
It offers a variety of styles and configurations to suit different bathroom designs and preferences.
Core Industries: Manufacturing, Bath Products
Key Achievements: Alumax Bath Enclosures is known for its quality craftsmanship and stylish designs.
It provides durable and functional bath products that enhance the appearance and functionality of bathrooms in residential and commercial settings.
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Conclusion
In conclusion, the diverse array of companies showcased in South Dakota reflects the state’s vibrant economy and entrepreneurial spirit.
From healthcare giants like Sanford Health and Avera Health to innovative technology firms like Raven Industries and Daktronics, these companies play pivotal roles in driving economic growth, fostering innovation, and providing essential services to both local communities and global markets.
Additionally, the presence of prominent financial institutions such as Wells Fargo and Citibank, along with leading agricultural companies like Pioneer Seed Company and Smithfield Foods, underscores South Dakota’s significance in various sectors.
With a strong foundation built on innovation, resilience, and a commitment to excellence, these companies contribute significantly to South Dakota’s prosperity and continue to shape its economic landscape for the future.
