S.D. raises wage standards for business loans
October 22, 2021
SIOUX FALLS, S.D. (KELO) — South Dakota businesses that receive low-interest loans from state government in the future will need to pay employees more competitive wages.
The state Board of Economic Development revised its policies Friday. The new standard is a $15 minimum wage. It had been $10.50 since 2012.
The board set a starting target of at least $20 per hour for most jobs and a $25 minimum for preferred jobs such as at engineering and technology firms.