The resolution encourages economic development in South Dakota that aligns with republican principles such as limited government, deregulation, and organic entrepreneurial growth. It emphasizes the importance of a free market economy as a foundation for the state, advocating for individual liberty, personal responsibility, and the protection of property rights. The resolution asserts that economic development rooted in these principles enhances the quality of life for South Dakotans and that businesses will naturally choose to operate in the state without the need for tax credits or subsidies.
Furthermore, the resolution calls for legislative and executive policies that foster a business-friendly environment by minimizing government intervention and allowing the free market to flourish. It posits that the government's role should be limited to upholding laws that protect individual rights and ensuring a low-tax, low-regulation climate, rather than competing with private enterprises. Ultimately, the resolution seeks to promote honest economic development that benefits the community through deregulation and investment in local businesses.