How Citibank Made SD the Top State in the U.S. for Business

Posted on Oct 07, 2013

When the international banking giant Citibank moved its credit-card operations to Sioux Falls, S.D. in 1981, it altered the small Midwestern city overnight. With a population of barely 80,000 at the time, Sioux Falls still had an economy built on agriculture and meat-packing. But when state leaders, desperate to attract outside businesses during the economic recession of the early 1980s, changed South Dakota's usury laws to eliminate the cap on interest rates and fees, Citibank came calling

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About Swier Law Firm's Business & Corporate Practice Group

Swier Law Firm's Business & Corporate Practice Group handles the following types of cases:

Cyber Law and Cyber Security
Limited Liability Companies (LLCs)
General Partnerships and Limited Liability Partnerships
Joint Ventures and Strategic Alliances
C Corporations and S Corporations
Trademarks and Copyrights
Real Estate
Wind Energy Transactions
Corporate Governance
Corporate Dissolution
Conducting Internal Investigations for Boards, Board Committees and General Counsel
Preparing, Revising and Updating Governance and Compliance Materials, including Bylaws,
Committee Charters, and Compliance Policies.

To learn more about business and corporate legal issues in South Dakota, contact Swier Law Firm.