By Scout Nelson
At this month’s meeting, the Governor’s Office of Economic Development (GOED) and the Economic Development Finance Authority (EDFA) approved funding for two pivotal projects, aiming to bolster South Dakota’s economy.
Riverview LLP secured a Livestock Nutrient Management Bond issue of up to $55 million to fuel the development of Kingsbury County Dairy, a project poised to accommodate 15,000-20,000 milking cows, creating an estimated 100 full-time jobs.
SWAT Properties LLC received a $155,000 SD Works loan to support the construction of a new facility for SWAT Chiropractic and Rehab in Yankton. This initiative will house clinic and gym space, facilitating future expansion and adding two full-time employees to the workforce.
Governor Kristi Noem expressed optimism about the state's economic trajectory, stating, “South Dakota’s economy is thriving thanks to continued growth for the ag industry and for our small businesses. My Office of Economic Development is working alongside these businesses to help them be successful.”
Deputy Commissioner Chris Schilken highlighted the importance of supporting businesses across the state, stating, “Being able to provide funding to businesses throughout the state advances everyone’s success. Our office is fortunate to work with growing businesses across the state.”
Through strategic investments and support for key sectors like agriculture and small business, South Dakota remains at the forefront of economic growth and development.
Photo Credit -gettyimages-d-keine
Categories: South Dakota, Business, Government & Policy