By Scout Nelson
The South Dakota Governor’s Office of Economic Development (GOED), along with the Board of Economic Development and the Economic Development Finance Authority (EDFA), recently approved over $28 million in capital investments at their monthly meetings. These projects are anticipated to create around 245 full-time jobs throughout the state, supporting economic growth across various industries.
“These investments demonstrate South Dakota’s commitment to economic growth and job creation,” said GOED Commissioner Joe Fiala. “We’re supporting diverse industries that will strengthen our communities and provide opportunities for South Dakotans.”
One of the projects includes a $325,000 Beginning Farmer Bond approved for Raymond Freeman of Britton, facilitating the purchase of 160 acres of farmland in Brown County. In addition, CNF Enterprises, LLC, known as I-90 Meats, received a $600,000 SD Works Loan to support its operations in New Underwood. This loan will provide working capital as the company opens a new 30,000-square-foot USDA-certified protein processing facility.
Mother of God Monastery in Watertown was also granted a $500,000 SD Works Loan to transform its Village Campus into a childcare and educational center, serving up to 225 children. In Aberdeen, Smack Pet Food Inc., a Canadian company, secured a $101,591 South Dakota Jobs Program grant to establish operations.
Photo Credit: pexels-karolina-grabowska
Categories: South Dakota, Business