SD tourism industry's economic impact up 5 percent

Published on NewsOK Modified: January 17, 2013 at 8:38 pm •  Published: January 17, 2013
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PIERRE, S.D. (AP) — The tourism industry's impact on South Dakota's economy grew by 5 percent last year, even though the state sweltered through a hot and dry summer, Gov. Dennis Daugaard said Thursday.

The nearly $2 billion economic impact includes direct spending by visitors, spending by companies that supply tourism businesses, advertising spending and private investment in facilities.

"The bottom line is tourism is a job-creating, revenue-producing industry," the governor said.

The report on tourism's economic impact was released in conjunction with the state's annual tourism conference. The report was done by IHS Global Insight, the firm that also does economic forecasting to help South Dakota put together its annual state budget, Daugaard said.

Daugaard said tourism generated about $291 million in state and local tax revenues last year, or nearly 19 percent of all state and local tax collections. Tourism also supported more than 27,700 jobs, or about one out of every 11 jobs in the state, he said.

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