Kelly Manufacturing

South Dakota Ag News Headlines
U.S. Commerce Invests in S.D. High-Speed Research Computing
South Dakota Ag Connection - 05/24/2019

U.S. Secretary of Commerce Wilbur Ross announced that the Department's Economic Development Administration (EDA) is awarding a $1.46 million grant to Dakota State University in Madison to help establish a high speed research network. The investment, located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1.46 million in local funds.

"The Trump Administration is continuing to work diligently to bring new opportunities for growth to Tax Cuts and Jobs Act designated Opportunity Zones and ensure our businesses have the resources they need to grow and prosper," said Ross. "DSU's new high-speed network will help deliver secure research to accommodate new and established private sector startups and partners."

"Dakota State University is a leader in post-graduate technological studies not just in South Dakota, but throughout the country," said Senator John Thune. "Thanks to the Tax Cuts and Jobs Act and its focus on Opportunity Zones, Dakota State will have the opportunity to build off its well-established success by creating a high-speed research network with help from this important federal grant and strong local support. I'm not surprised to see that Dakota State is deepening its roots in the Madison area, which is why I'm excited to see what the future holds for this project and those that are surely yet to come."

"I thank the Trump Administration for this strategic investment in Dakota State University," said Senator Mike Rounds. "This high-speed network will give students, faculty and staff of the MadLabs facility excellent research opportunities in computer science, cyber operations and digital forensics. These are fields where jobs are in high demand. This grant is a product of the Tax Cuts and Jobs Act's Opportunity Zones. It will help to make sure DSU remains a top choice school for students seeking an excellent education that will prepare them to be future leaders in these vital fields. I thank Secretary Ross for awarding DSU with this grant."

The project will procure research computing equipment for two projects: The Madison CyberLabs (MadLabs), an $18 million, 40,000 square foot development that will house applied research projects for faculty, researchers, students and corporate partners; and for the Heartland Technology Center, a business incubator housing DSU spin-off companies, startup companies relying on the expertise of DSU students and other affiliated organizations or corporate partners. This project was made possible by the regional planning efforts led by the First District Association of Local Governments. EDA funds the First District Association of Local Governments to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.

The funding announced goes to a Tax Cuts and Jobs Act designated Opportunity Zone, which provides special incentives for further private sector participation and development.

Send this article to a friend

Other South Dakota Headlines
Roth Manufacturing
Copyright 2019 - All Rights Reserved.