People live in Spearfish for its quality of life, diverse economy, good transportation system, comprehensive health care offerings, and a strong educational system, including the university presence.
Spearfish represents one of the most broad-based economies in western South Dakota. Available land and buildings, a well-educated workforce, access to major transportation routes, and an idyllic location have helped fuel the economic growth of the community. Furthermore, Spearfish is proud to be part of South Dakota’s pro-business tax climate. Thanks to its competitive cost of doing business and streamlined 
the regulatory environment, South Dakota consistently ranks among the best states for business.
The Spearfish Economic Development Corporation is committed to recruiting and expanding quality companies that have a positive economic impact on the quality of life in the greater Spearfish area. In addition to ongoing business retention and attraction efforts, SEDC has implemented a variety of new initiatives geared toward workforce attraction/development and providing local businesses with the resources needed to help navigate today’s ever-changing economic environment.
The South Dakota Center for Enterprise Opportunity, based at Black Hills State University, provides training and business assistance to current and aspiring entrepreneurs from start-up to expansion. SD CEO serves as a key partner in economic and workforce development in South Dakota providing comprehensive training and business assistance for aspiring entrepreneurs and forward-thinking intrapreneurs.
The South Dakota Small Business Development Center helps new entrepreneurs realize their dream of business ownership and assists existing businesses in their efforts to remain competitive. With one-on-one confidential free business consulting, they are able to assist existing businesses in remaining competitive and help develop new business start-ups.
By working with state, regional, and local partners, these partners are able to offer a wide variety of economic development incentives including low-interest financing, workforce training assistance, property tax abatements, and affordable turnkey and shovel-ready properties. A full list of financial incentives and loans is available on the SEDC website.
Whether you’re an established business with growing needs or a new entrepreneur with big ideas, these programs and services are designed to cultivate a strong and viable economy. For more information on Spearfish’s business climate, contact SEDC at (605) 642-3832 or visit www.spearfishdevelopment.com.