The Main Industry in Sioux Falls SD: An Overview

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What is the main industry in Sioux Falls SD?
The healthcare industry continues to dominate the employment scene in the Sioux Falls region, adding hundreds of workers over the past year. Data collected by the Sioux Falls Business Journal shows Sanford Health and Avera Health kept their top spots, respectively, in a ranking of the area’s largest employers.
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With a little over 190,000 inhabitants, Sioux Falls is the biggest city in South Dakota. Additionally, it serves as the state’s political, cultural, and economic hub. The city’s economy is broad, with a number of booming industries. The dominant industry in Sioux Falls, South Dakota, is one that sticks out.

The largest industry in Sioux Falls is financial services. The city is the largest financial center between Denver and Minneapolis thanks to its abundance of banks, credit unions, and other financial organizations. Over 20% of the city’s workforce is employed by this sector, which also makes a sizable economic contribution.

In addition to the financial services sector, Sioux Falls boasts a robust healthcare sector. Many hospitals, clinics, and medical facilities are located in the city, and they serve the entire region’s healthcare needs. Over 15% of the city’s workforce is employed by this sector, which also significantly boosts the local economy.

The manufacturing sector is another important one in Sioux Falls. Food goods, machinery, electronics, and medical gadgets are just a few of the numerous products that the city’s manufacturing sector produces. Over 10% of the city’s workforce is employed by this sector, which also significantly boosts the local economy.

In addition to the aforementioned sectors, Sioux Falls also boasts a flourishing retail sector. The city is home to a number of malls, specialty shops, and shopping areas that serve the needs of the local populace. Over 9% of the city’s workforce is employed in this sector, which thus has a considerable economic impact.

Sioux Falls, in conclusion, has a broad economy with a number of flourishing industries. In Sioux Falls, South Dakota, the financial services sector stands out as the dominant industry. Over 20% of the city’s workforce is employed by this sector, which makes a sizable contribution to the city’s economy. Along with contributing significantly to the city’s economy, the healthcare, manufacturing, and retail sectors each employ over 15%, 10%, and 9% of its workers, respectively.