Ellsworth Air Force Base

Ellsworth Air Force Base, located approximately 15 minutes northeast of the Hilton Garden Inn, plays a pivotal role in both national defense and the local economy. Established in 1942, Ellsworth has evolved into one of the United States Air Force’s most strategically significant installations. It is home to the 63rd Bomb Squadron, operating B-1B Lancer bombers, and serves as a critical asset for long-range strike capabilities. In addition to its military importance, Ellsworth generates substantial economic impact for the region. The base supports an estimated 8,200 jobs, contributing approximately $886 million to the local economy in 2023.

High Growth MSA

Since the COVID-19 pandemic, Rapid City has experienced an explosion in population growth, ranking as the fastest-growing city in the Midwest in both 2022 and 2023. The city’s population has climbed from approximately 74,700 in 2020 to an estimated 85,000 by 2024, marking a roughly 13% increase in just four years. Concurrently, the metropolitan area has expanded to about 156,000 residents as of 2024, up from 139,000 in 2020. In 2023 alone, the city added more than 10,000 people, sustaining nearly 8% year-over-year growth. This consistent population expansion underscores Rapid City’s economic vitality and its growing attractiveness across the Midwest.

Abundance of National Parks

National parks around Rapid City play a vital role in driving the local economy, with a significant economic impact on the region. A recent National Park Service report highlights that six national park sites in South Dakota attracted 4.6 million visits in 2023, generating $600 million in spending and supporting nearly 9,000 jobs. Key attractions, such as Mount Rushmore National Memorial, Badlands National Park, and Jewel Cave National Park, provide a strong economic base for the expansive tourism industry in the region.

The visitor spending is spread across various sectors, including lodging, dining, retail, and recreational activities, benefiting local businesses in Rapid City and surrounding communities. Mount Rushmore alone contributes approximately $390 million annually, supporting 5,700 jobs and generating $187 million in worker income. With the continued growth in tourism, national parks in the area are expected to drive further economic development, strengthening the region’s appeal as a year-round destination and bolstering its economic resilience. As tourism numbers continue to rise, the economic footprint of these parks is likely to expand, providing long-term benefits for businesses and local communities.