News

What Is the Real Value of $100 in Your State?

Wednesday, October 17, 2018

This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state. The U.S. Bureau of Economic Analysis has been measuring this phenomenon for three years now; it recently published its data for prices in 2016. Using this data, we have adjusted the value of $100 to show how much it buys you in each state. Continue to...
Five Sites Re-certified Under South Dakota Certified Ready Sites Program

Monday, October 15, 2018

PIERRE, S.D. –  The South Dakota Governor’s Office of Economic Development (GOED) announced today that five communities in South Dakota have re-certified their development sites under the South Dakota Certified Ready Program. The communities include: Aberdeen, Arlington, Colman, Madison and North Sioux City. "One of the best ways to get your community on a business's short list is to have a site that is ready for development," said GOED Commissioner Scott Stern. "The Certified Ready program assures companies that they are receiving the most accurate, detailed information about the site including availability, utilities, access and environmental concerns." In 2016, the CRS program...
Webster Recognized for Innovative Workforce Development Efforts

Friday, September 07, 2018

Across the country, rural towns struggle with “brain drain,” the process where young people move to urban areas for college and work opportunities. With innovative thinking and perseverance, small towns like Webster are aiming to reverse this trend. Webster was recently recognized as Innovative Community of the Year Award by Dakota Resources for its collaborative efforts to improve workforce development. The initial spark for this success was a community-wide design:SD visioning workshop in 2014 led by Dakota Resources. Thirty architects, developers and other creative professionals collaborated during the three-day event to create 22 vision boards after listening to more than 100 Day...
Art and history inspire new mural in Faulkton

Wednesday, September 05, 2018

FAULKTON, S.D. (KSFY) - "I've always loved nature, I've always loved animals, and I've always loved family, and those are the virtues that I find here," said Jonathan Imafidor, one of the authors creating a mural is Faulkton. A year ago, Jonathan Imafidor and his friend, Dotun Popoola of Nigeria received an email about the Faulkton community wanting a mural to be painted for them. "This is part of what we actually always wanted to do was to let our art spread around communities here to make people happy, to beautify the environment," said Imafidor. Having painted many murals in South Dakota already, plus...
Aberdeen Plant to Stay Open After Facing Uncertainty

Wednesday, August 29, 2018

A wind turbine blade manufacturer has secured a multi-year order to keep its South Dakota plant in business after facing closure and announcing layoffs. ABERDEEN, S.D. (AP) — A wind turbine blade manufacturer has secured a multi-year order to keep its South Dakota plant in business after facing closure and announcing layoffs. Ohio-based Molded Fiber Glass's new deal finalized last month will help its Aberdeen plant stay open for years, the Argus Leader reported. "We are happy to be in South Dakota and we hope to be a member of the Aberdeen business community as well as the state's business community for years to come,"...
Report: Over 11,000 South Dakota residents work in clean energy

Monday, August 27, 2018

PIERRE, S.D. — More than 11,000 South Dakota residents now work in clean energy industries in every county in the state according to a new analysis of energy jobs data from Clean Energy Trust (CET) and the national, nonpartisan business group E2 (Environmental Entrepreneurs). South Dakota’s clean energy workforce employs more than all the waiters and waitresses, computer programmers, lawyers, and web developers in South Dakota combined, according to Department of Labor Employment Statistics. Energy efficiency once again led all clean energy sectors in South Dakota, employing 7,313 workers – accounting for more than six in ten of all clean energy...
New programs to be added for South Dakota universities

Friday, August 24, 2018

PIERRE, S.D. (KOTA) - The South Dakota School of Mines and Technology and Black Hills State University have new course offerings. The state Board of Regents approved several programs to “meet emerging economic development and workforce trends across the state,” a release stated. The new offerings at SDSM&T include a master of science degree in nanoscience and nanoengineering. The school already has a doctoral program in this area of study. “Nanoscience and nanoengineering focus on specialized training to visualize, manipulate, and delineate the laws of science that govern all forms of matter on the scale of one-billionth of a meter, which is roughly one...
State board approves loans and tax deals for businesses

Wednesday, August 22, 2018

PIERRE – The state Board of Economic Development agreed to several loans and incentives Tuesday for businesses expanding in South Dakota including at Rapid City. Board members approved a reinvestment payment for Intrinsic Materials Corp. of up to $107,730, equal to 75 percent, of state sales and use tax on its Rapid City project. “We’ve done a number of deals with Intrinsic,” said Aaron Scheibe, deputy commissioner for the state Governor’s Office of Economic Development. The company, which plans 60 new jobs, uses special fibers to clean toxins from blood and is a subsidiary of ImmutriX Therapeutics. Continue to full article
Engineering students to help develop materials for space station

Monday, August 20, 2018

Mechanical engineering students at SDState will help develop 3D printing materials that may one day be used at the International Space Station through a one-year, $25,000 NASA grant, according to assistant professor Todd Letcher. South Dakota State University was one of 10 university teams selected to work on technologies to support NASA’s deep space exploration capabilities. This is part of the eXploration Systems and Habitation Academic Innovation Challenge, also known as X-Hab. Other participating universities include the University of Michigan, University of Maryland and The Ohio State University. Letcher has been working with additive manufacturing, also known as 3D printing, since 2014...
South Dakota’s Q1 GDP Breaks $50B

Thursday, August 16, 2018

PIERRE, S.D. –  The United States Bureau of Economic Analysis (BEA) released its estimated gross domestic product (GDP) by state for the first quarter of 2018. The estimates show South Dakota has the third highest growth rate in the nation, trailing only Washington and Utah, respectively. South Dakota grew by 3.1 percent. “South Dakota’s annual GDP is now estimated to be in excess of $51 billion,” said Gov. Dennis Daugaard.  “We’re enthused about the first quarter results and hopeful the growth will continue throughout 2018.” According to the BEA report, strong showings from South Dakota’s production agriculture, finance/insurance and manufacturing industries helped...
USDA invests $3.9M in water infrastructure in rural SD communities

Friday, August 10, 2018

U.S. Department of Agriculture HURON – Assistant to the Secretary for Rural Development Anne Hazlett announced that the U.S. Department of Agriculture (USDA) is investing $267 million in 103 infrastructure projects to upgrade water and wastewater systems in rural communities. “Robust, modern infrastructure is foundational for quality of life and economic opportunity – no matter what zip code you live in,” Hazlett said. “Under Secretary Perdue’s leadership, USDA is committed to being a strong partner in addressing rural infrastructure needs to support a more prosperous future in rural communities.” USDA is making investments in 35 states through the Water and Waste Disposal Loan...
SO FAR, SO GOOD FOR CROPS

Friday, August 03, 2018

Some Corn, Rated As Best Ever So far, so good. That’s the way most area producers and agronomists are describing the current crop season in northeast South Dakota and southeastern North Dakota, but as usual bushels in the bin this fall will depend upon continued rains. “For the moisture we’ve had the crop looks really good,” said Full Circle Ag Agronomist Joe Gustafson in Britton. “We had some timely rains in the last week to 10 days that really helped, and hopefully we can keep them coming.” However, rains continue to be very spotty around the area. “We’ve had spotty rainfall for two full years...
Dakota Range gets state approval for Watertown wind-farm project

Monday, July 30, 2018

PIERRE – Developers received state government’s approval to construct the Dakota Range wind project in Grant and Codington counties. The South Dakota Public Utilities Commission agreed to issue a construction permit. The project would have up to 72 turbines and cost an estimated $380 million. State laws establish requirements for wind-electricity generation. “I believe the project has met that burden,” Commissioner Chris Nelson said. Steve Kolbeck, the South Dakota manager for Xcel Energy, and a former commission member, watched from the near the rear of the room. Xcel gave notice June 21 the company would buy the project. Continue to full article
What makes South Dakota the best state to retire in?

Friday, July 27, 2018

SIOUX FALLS, S.D. (KSFY) - A new study by Bankrate.com says South Dakota is the best state to retire in, but why do retirees like it? Vern Kemper moved from Pasa Robles, Calif. a little less than two years ago. His wife had passed away a few years prior and they never had children. His niece and her family live in Sioux Falls. With some health issues looming, he thought it might be nice to live nearby. With his house on the market for just a day when it was sold, he packed up with the help of his niece and her...
S.D. Development Corporation aids small business growth

Tuesday, July 24, 2018

SIOUX FALLS — Jennifer Oberg has been helping businesses grow in South Dakota for 20 years. She has facilitated the creation of numerous jobs, secured funding from federal and state agencies to assist with community growth and helped establish affordable housing. Today, she serves as executive director of the South Dakota Development Corporation (SDDC), which specializes in low interest, fixed-rate loans through the Small Business Administration 504 program.  “This program helps businesses reach their goals,” said Oberg. “It was underused in our state before the creation of the SDDC.” Former Governor Bill Janklow saw enormous potential for small businesses in South Dakota through...
Centerville Saves Nursing Home, Secures Future Growth

Thursday, July 19, 2018

The number of older adults in our country will nearly double by 2050, according to the U.S. Census Bureau. This dramatic change presents a host of social and economic challenges, particularly for rural areas with more limited resources. One of the challenges is to ensure an adequate number of long-term care facilities exist outside of urban centers. One quarter of elders currently reside in rural areas — and most people prefer to age in place near family and friends. There’s no one-size-fits-all way to address this issue. But some cities and counties are forging creative paths forward. An important lesson can be...
Spink Colony in SD works to double milk returns by making cheese

Wednesday, July 18, 2018

FRANKFORT, S.D. — It’s tough to stay in dairy production when milk prices are $15 to $17 per hundredweight. The Spink Colony at Frankfort didn’t want to give up its longstanding dairy enterprise so leaders decided to take the milk from their 82-cow herd up the food chain and market through the new Käsemeister Creamery cheese factory. The colony welcomed 300 well-wishers at an open house for the cheese factory and retail center on June 1, just in time for June Dairy Month. Paul Wipf, secretary-treasurer of the Hutterite colony, said the cheese plant was in the process of getting ramped...
Guido expected to start painting elevator the end of June

Tuesday, July 17, 2018

Artist Guido van Helten is expected to arrive in Faulkton around June 27. The Faulkton area has been anxiously awaiting his arrival, as he will be painting his murals on the elevator on the east side of Faulkton. His plan is to take a couple of more photos and tweak his planned design a little. Grid lines will be painted before the end of June. Plans for the painting started early last year. Guido was able to stay in Faulkton in July where he visited with the locals, took pictures and toured the area. He has chosen his theme and subjects and is looking...
Farmers share their lives on working farms

Monday, July 16, 2018

VOLGA, S.D. — Spring and summer on a working farm. Who can beat it? For many people in the rural states of South Dakota, North Dakota and even outstate Minnesota, genuine agri-opportunities on real, working farms are limited. Happily, that's changing. I happened to be at Stoney Hill Farms near Volga, S.D., in mid-May when my brother, Mark, his wife, Phyllis, and their son, Kevin, and daughter-in-law, Courtney, hosted a "pet-a-lamb" opportunity. The family works in town but also farms "on the side" with a ewe flock, a few head of cattle and some corn, alfalfa and soybeans. They welcome visitors most anytime,...
WalletHub names Aberdeen 3rd best small city to start a business

Friday, July 13, 2018

ABERDEEN, S.D. (KSFY) - A new study shows that if you are looking to start a business -- Aberdeen is the place for you. According to personal finance website WalletHub, Aberdeen is the third best small city in the country to start a business. The study looked at a number of factors, including accessible financing, education in the workforce and labor costs. Rapid City also placed high in the study and came in at number 30. Holland, Michigan, took the top spot on the list and Suisun City, California, came in last of the 1,261 cities. Continue to full article
SD capitalizing on rising tourism from new market segments

Thursday, July 12, 2018

PIERRE, S.D.—South Dakota tourism grew for the eighth straight year in 2017, although expansion was hindered somewhat by a lagging farm economy. "We're a rural state, and we depend a lot on our drive market," said Kirk Hulstein, industry outreach and development director for the South Dakota Department of Tourism. "We definitely did feel the impact of the ag economy," he said. The picture drawn from the department's recently published 2017 annual report is broadly positive. Visitation increased 0.1 percent from a year earlier. Visitor spending reached $3.88 billion, a 1.2 percent increase over 2016. And travel generated upward of $291 million...
S.D. Development Corporation aids small business growth

Wednesday, July 11, 2018

SIOUX FALLS — Jennifer Oberg has been helping businesses grow in South Dakota for 20 years. She has facilitated the creation of numerous jobs, secured funding from federal and state agencies to assist with community growth and helped establish affordable housing. Today, she serves as executive director of the South Dakota Development Corporation (SDDC), which specializes in low interest, fixed-rate loans through the Small Business Administration 504 program.  “This program helps businesses reach their goals,” said Oberg. “It was underused in our state before the creation of the SDDC.” Continue to full article
SD dairy industry continues to grow, add economic value

Tuesday, July 10, 2018

GOODWIN, S.D. — South Dakota's dairy industry is growing rapidly, and the public is getting to see that for themselves during June Dairy Month open houses hosted by Ag United of South Dakota. MoDak Dairy of Goodwin is just one of many dairy farms opening their doors to the public this month. Co-owner Greg Moes says they have been hosting people at the farm for many years and saw a record crowd at this year's event. "Now with livestock everybody wants to see everything that's going on with how we handle animals, how their food is produced," he says. MoDak's 2,000-cow dairy...
GROW SD Grant Supports Faulkton Elevator Mural

Monday, July 09, 2018

GROW South Dakota has received a grant that will support a unique mural going up in Faulkton this summer. Australian artist Guido van Helten, who has created large murals on public buildings around the world, will be painting images representative of the people of the Faulkton area on the grain elevator there. GROW SD received a grant from a Rural Local Initiatives Support Corporation (LISC) program meant to support arts and culture projects that help drive economic development.  Van Helten was recruited to Faulkton to paint the Agtegra elevator in order to create a one-of-a-kind South Dakota artwork in the town...
Faulkton to Feature Mural by World-Famous Artist

Thursday, July 05, 2018

For a small town, Faulkton, South Dakota has made some big investments in the arts. Its latest public art project will be a distinctive piece by an internationally acclaimed artist that’s sure to draw visitors from throughout the region. Australian artist Guido van Helten will use the side of a grain elevator in Faulkton as his canvas this summer. His aim will be to portray the essence of the town through a photorealistic, larger than life mural. Van Helten has been commissioned to create public works of art throughout the world, from Belarus to Ukraine. Public and private funds were raised for...
GROW SD Celebrates 40th Anniversary with Business Loan Special

Tuesday, June 26, 2018

In 1978, GROW South Dakota made its first business loans. In the 40 years since then, the agency has had significant impact on businesses and communities throughout northeastern South Dakota and beyond. To celebrate this milestone, GROW SD is offering a business loan special.   GROW SD’s revolving loan fund was established in 1978 with the purpose of supporting economic development in 22 northeastern South Dakota counties through small business loans and job creation. Since that time, the agency has made 2,009 loans for a total of more than $69.7 million to 1,214 area businesses (as of 3/31/18). These loans have assisted...
Guido expected to start painting elevator the end of June

Friday, June 15, 2018

Artist Guido van Helten is expected to arrive in Faulkton around June 27. The Faulkton area has been anxiously awaiting his arrival, as he will be painting his murals on the elevator on the east side of Faulkton. His plan is to take a couple of more photos and tweak his planned design a little. Grid lines will be painted before the end of June. Plans for the painting started early last year. Guido was able to stay in Faulkton in July where he visited with the locals, took pictures and toured the area. He has chosen his theme and subjects and is looking...
Celebrating Homeownership in June

Monday, June 04, 2018

June is National Homeownership Month. It’s a time to celebrate the positive effect homebuying can have on household wealth and neighborhood stability as well as our region’s overall economic health. Homeownership is a part of the quintessential American Dream. But for many people, the idea of buying a house is daunting. There are many common misperceptions about the homebuying process. One of the most prominent is that buyers must save 20 percent for a down payment. In reality, the majority of first-time homebuyers put down 6 percent or less.  GROW South Dakota has long been a valuable resource for homebuyers. The organization...
Aberdeen, Hoven, Webster make national list of must-see buildings

Wednesday, May 30, 2018

The American Institute of Architects and USA Today Travel teamed up to find the best buildings in America — and three northeast South Dakota buildings made the list. In South Dakota, tourist favorites like the Mt. Rushmore Visitor Center in Keystone and the Corn Palace in Mitchell were included in the list of structures visitors should see. So were historic and unique sites from throughout the state. See what is included in the must-see South Dakota buildings from the northeast region. The Chicago, Milwaukee & St. Paul Railroad Depot (now Burlington Northern) was built in 1911. It was the fourth and largest depot...
Testing new ideas: McCray brings fresh insight to Redfield

Monday, May 28, 2018

By Shiloh Appel On March 23rd, national speaker Becky McCray, who specializes in rural and small-town business, spoke at the Redfield High School Auditorium. McCray advised Redfield residents and small business owners in attendance to get involved in growing Redfield into a thriving and healthy community by taking "small but meaningful" steps. "There is a small step to every idea," said McCray. During her presentation, McCray gave an example of a small town that started with putting up Christmas lights. Instead of each business putting up lights, McCray said the town decided to have everyone choose a tree and decorate it with their...
Angel Funding for Aberdeen Area Entrepreneurs

Thursday, May 24, 2018

One of the primary challenges in starting a business is finding a funding source. New ventures often don’t qualify for traditional bank loans due to lack of cash flow or collateral. That’s why angel investors are an attractive alternative for entrepreneurs. With angel investing, funding comes from an individual or group of people — typically successful business owners. Angel investing allows startups to gain quick access to money. In addition, since investors are hoping for a healthy return, they often offer new business owners expertise and mentoring. Aberdeen area businesses now have the ability to appeal to a local angel fund called...
The Infrastructure to Attract Industry

Wednesday, May 23, 2018

Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area.   The people of Faulkton, South Dakota have long prioritized economic development. According to Trevor Cramer, economic development director for the Faulkton Area Economic Development Corporation (FAEDC), the town has had the goal of building an industrial park since the 1980s. The main difficulty was finding a suitable property close to city limits. A site one mile east of town with a conservation easement was eventually identified. FAEDC went through a 15-month process with...
Economic Developers Are a Great Resource

Thursday, May 17, 2018

Setting up a business is a challenge. Just managing the paperwork, accounting and regulations alone can be daunting to an entrepreneur. Not to mention the essential capital requirements every business needs to kick start operations. Where can a new business owner turn to get their questions answered? Look no further than Trevor Cramer of Faulkton Area Economic Development Corporation (FAEDC) He is a valuable resource to help build your business or to help attract the right talent for your team. Resources to Help Your Business Trevor is familiar with business retention and expansion strategies and knows about available real estate properties that can...
Encouraging Homegrown Businesses

Monday, May 14, 2018

Small businesses can have a big impact. Did you know that two out of three new private-sector jobs in the United States since the Great Recession were created by small businesses? Since 1963, the President of the United States has issued a proclamation announcing National Small Business Week. In 2018, this week falls between April 29 and May 5. It’s a time to honor the remarkable contributions of America’s entrepreneurs and small business owners. For the first time this year, the Small Business Alliance is hosting a virtual conference as part of National Small Business Week. This is a wonderful opportunity for...
WalletHub names Aberdeen 3rd best small city to start a business

Wednesday, May 09, 2018

ABERDEEN, S.D. (KSFY) - A new study shows that if you are looking to start a business -- Aberdeen is the place for you. According to personal finance website WalletHub, Aberdeen is the third best small city in the country to start a business. The study looked at a number of factors, including accessible financing, education in the workforce and labor costs. Rapid City also placed high in the study and came in at number 30. Holland, Michigan, took the top spot on the list and Suisun City, California, came in last of the 1,261 cities. View the full study here. Continue to full article. 
Cryptocurrency mining firms eye S.D. as frontier of new digital gold rush

Monday, May 07, 2018

There's digital gold to be found on South Dakota plains. Cryptocurrency miners, companies who use large banks of processors to essentially dig for digital gold such as Bitcoin, are looking at South Dakota as a base for their expanded operations. At least one such company has already set up shop in North Sioux City and others are shopping for locations there, in Sioux Falls and elsewhere. The mining companies are drawn to South Dakota for three reasons: Its ready supply of relatively inexpensive electrical power, its welcoming business and tax climate and its long winters, which help reduce the cost of keeping processors cool...
Dakota Tan and Hair in Redfield bought by Muellenbergs

Tuesday, May 01, 2018

Dakota Tan and Hair in Redfield bought by Muellenbergs In January, Jessica and Matt Muellenberg became owners of Dakota Tan and Hair on Redfield's Main Street. Jessica Muellenberg, who has been working at Dakota Tan and Hair under former owner, Pam Schmidt, since early October, is currently running the business following Schmidt's retirement. "This is something Matt and I decided to do together, knowing that I will be the person at the helm of everything, but he is behind me in it," said Jessica Muellenberg. Born an O'Daniel, Jessica was raised in Redfield and attended and graduated from Redfield School. She married Matt...
Celebrating Community Action Month

Monday, April 30, 2018

In May, community action agencies nationwide observe Community Action Month, a period set aside to recognize the contributions that nonprofits, volunteers, and other committed citizens can make in improving their communities. The Northeast South Dakota Community Action Program (NESDCAP) dba GROW South Dakota has been at it for 50 years. It was created in 1966, soon after President Lyndon Johnson signed the Economic Opportunity Act of 1964, which created Community Action Agencies as part of the War on Poverty. GROW South Dakota was established to wage the war on poverty by implementing innovative and cost-effective programs to improve the lives and...
Gov. Daugaard Announces Economic Development Awards at 2018 Annual Conference

Monday, April 30, 2018

SIOUX FALLS, S.D. – The South Dakota Governor’s Office of Economic Development (GOED) hosted its annual conference in Sioux Falls, closing the two-day event with Gov. Dennis Daugaard’s reception and economic development awards banquet. Approximately 250 business, education and development leaders from across South Dakota attended the conference to ‘Think Big’ in 2018. Among the award recipients for achievements and contributions to economic development in South Dakota were two individuals and a community. Gov. Daugaard presented awards to Dr. Christian Widener of Rapid City, S.D., Jim Fedderson, Mayor of Beresford, S.D., and the community of Beresford. The Entrepreneur of the Year award...
EVENT CENTER COMPLETION DATE SET FOR MID-JULY

Tuesday, April 24, 2018

The Britton City Council learned at its regular meeting that the target date for completion of the Event Center in Britton is now mid-July. Glacial Lakes Area Development (GLAD) Executive Director Lindsey Kimber met with the board to give an update on the project. She said that winter weather delayed construction and pushed back the original completion date from the end of May. The mid-July date does not include the completion of interior furnishings. Kimber said the current estimated cost of the project stands at $2.96 million. Of that total $2.8 million has been raised which includes $600,000 of pledges payable through 2020. Continue to...
The Infrastructure to Attract Industry

Monday, April 23, 2018

Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area.   The people of Faulkton, South Dakota have long prioritized economic development. According to Trevor Cramer, economic development director for the Faulkton Area Economic Development Corporation (FAEDC), the town has had the goal of building an industrial park since the 1980s. The main difficulty was finding a suitable property close to city limits. A site one mile east of town with a conservation easement was eventually identified. FAEDC went through a 15-month process with...
Down Payment Funds Deploying Ahead of Schedule

Wednesday, April 04, 2018

GROW South Dakota has received $4.1 million in funding to support down payment assistance for families with low to moderate income. In April 2017, GROW SD received funding from Project Reinvest for 200 deferred loans at $10,500 each and was expected to deploy them within two years. In November, 2017, the Wells Fargo Neighborhood LIFT funding for 225 forgivable loans at $7,500 each was launched and also had a two-year deployment time. In both programs, the down payment assistance was paired with a first mortgage typically financed by a Grow SD approved lender. As of late March 2018, GROW SD has...
Tax Law Changes Demand Attention

Friday, February 16, 2018

by Kelly Weaver, Small Business Development Center Regional Director   For most small business owners, changes in the tax law take a back seat to the day to day operations.  Here’s a couple reason why you should pay attention to the recent tax law changes. Payroll Issues – The tax tables used to calculate withholding for paychecks have changed significantly.  First, make sure you (or your payroll service) is using the most recent tax tables (IRS Publication 15).  If you are using a payroll software, be sure to update it before every payroll so you are using current tables.  The new 2018 tables...
GROW SD Receives State Farm® Grant to Support Small Business

Friday, February 09, 2018

The Northeast South Dakota Economic Corporation (NESDEC) dba GROW South Dakota (GROW SD) recently received a Good Neighbor Citizenship Grant from State Farm for its technical assistance (TA) program for small business borrowers. The purpose of the project is to assist small business loan applicants prepare to borrow money and grow their business. The TA provided by GROW SD business loan officers will support business owners in various aspects of their operations. Each business will have different needs, but in general, TA comprises starting or expanding a business before, during, and after financing. NESDEC primarily serves northeastern South Dakota, but the...
Aberdeen to Host 2018 SD Women’s Business Conference

Wednesday, February 07, 2018

On March 9, 2018, women business leaders from across the state will gather in Aberdeen, South Dakota for The Women’s Business Conference. The one-day will, encourage, inspire and educate female executives and entrepreneurs. For more than a year, The South Dakota Center for Enterprise Opportunity (Women’s Business Center) has been planning the event along with a team of local volunteers. The event will feature Keynote Speaker Dee Dee Raap, BHSU School of Business Professor Dr. Barbara Looney, a panel of local women executives, and local women-owned business entrepreneurs. Kelly Weaver, Small Business Development Center Regional Director, and GROW South Dakota’s Loan Officer,...
Improve the Air Quality in Your Home

Wednesday, February 07, 2018

According to the Environmental Protection Agency, indoor air quality is very important. Poor indoor air quality is currently one of the top five leading factors that affect respiratory health in the United States. There are many tips you can take to improve indoor air quality in your home: • Cleaning up any mold problems and controlling moisture • Changing furnace filters and keeping air ducts clean • Living in a smoke-free environment • Keeping your home clean and dust free • Installing carbon monoxide alarms • Installing an air purifier to help keep the air inside your home as clean as possible • Using safe practices when renovating Weatherization...
Homeless Count to be held January 23, 2018

Thursday, January 04, 2018

Homeless Count to be held January 23, 2018 Every year, the South Dakota Housing Development Authority conducts a one-day count of homeless persons in the state. The count is mandated by HUD. Again this year, SDHDA contracted with the four CAP agencies in the state to coordinate counts in their service areas, and GROW SD will support the 17 NESDCAP counties. The results of the count are used both to identify the problem and to request funds to address it. The date for this year’s count is January 23.   Last year, participation in the count by NESDCAP’s 17 counties increased from...
NESDEC Provides Financing to Dakota Provisions

Thursday, January 04, 2018

NESDEC Provides Financing to Dakota Provisions The Northeast South Dakota Economic Corporation (NESDEC), dba GROW South Dakota, recently received a $780,800 Community Economic Development grant from the Office of Community Services in the Administration for Children and Families in the Department of Health and Human Services. The grant will allow NESDEC to help finance the expansion of the Dakota Provisions Turkey Processing Plant in Huron, South Dakota, to provide a retail ready-to-eat food line of lean meat turkey products. NESDEC will provide a working capital loan along with no-cost business development services to Dakota Provisions in order to help create a...
Homebuyer Coaching is a Success

Sunday, December 31, 2017

Homebuyer Coaching is a Success GROW SD received grants from the Citi Foundation and State Farm to support programs to help prepare people to buy homes through coaching efforts that helped hundreds of potential home buyers. These interested people received assistance in learning more about the process and making them ready to be successful. The following highlights success with the coaching program: A single mother reached out to GROW SD for guidance on applying for a home loan, when she first came to our office, she had credit issues as she had unpaid judgements.  After being instructed to pay off the judgments and...
Kelly Weaver Recognized for Providing Exceptional Service

Thursday, October 12, 2017

News announcement from Small Business Development Center & America's SBDC ABERDEEN, S.D - Kelly Weaver, regional director of the South Dakota Small Business Development Center in Aberdeen, is being recognized as a strong advocate for small businesses. Weaver, who has been with the SBDC since 1998, has been named South Dakota’s “State Star” for 2017 by America’s SBDC, the national trade association for the SBDC network. Weaver and State Star winners from other states were honored recently at the America’s SBDC Conference in Nashville. Weaver was selected for the award by her peers, in part, for her work with the South Dakota...
Looking Towards the Future

Tuesday, October 10, 2017

When Lindsey Jennings graduated from cosmetology school at Lake Area Tech, she started her career at a JC Penny’s salon. She worked there for five years before she learned the store was going to close by year-end.  Although she was an experienced cosmetologist, it left her with an employment uncertainty. The owner of a small town hair salon in a neighboring community recently retired and was looking to rent out her existing space. That opportunity couldn’t have came at a better time for Lindsey. She decided to take a leap and start her own business in a rural South Dakota community....
Ensuring Community Success through Housing

Tuesday, August 02, 2016

Quality housing is scarce in rural South Dakota and the solution to create more housing is challenging to solve. One small town in northeast South Dakota, Northville, is doing something to increase available housing. Northville has an estimated population of 148 and former mayor Ruth Clemens has lived there nearly all of her life. She owned land in town and didn’t want to see it sit idle. Ruth sold the property to Grow Spink, a non-profit development organization; with aspirations they would develop the land and build a new home. Grow Spink, who serves all of Spink County, spearheaded the construction...
Requests for Information; In Other Words, RFI's

Tuesday, October 02, 2018

10/2/2018   Request for Information Forms; In Other Words “RFI’s”   Did you know there are people all the time relocating to SD; businesses as well?  The Governor’s Office of Economic Development on occasion sends by email, what they refer to as “RFI’s”.  RFI’s stand for Request for Information.  Many time businesses are looking to move to South Dakota and they are looking for specifics in way of land, property, water rights, natural gas and more.  Communities receive these RFI’s from the State and respond back to their requests.    If a community or county has no idea what is available should a business want to...
Bank of the West awards BASEC and Grow Spink $10,000 grant for Workforce Development Event

Friday, August 31, 2018

Bank of the West awards BASEC and Grow Spink $10,000 grant for Workforce Development Event On Monday, July 9th, the Bank of the West awarded BASEC and Grow Spink a $10,000 grant to fund BASEC and Grow Spink's  Workforce Development Event.  According to BASEC'S Executive Director, Margot Gillette, BASEC and Grow Spink have formed a partnership to create an area Workforce Development Event for elementary and high school students as well as any adults curious about job options in the area. The event will feature various jobs in the area with hands-on opportunities, equipment and routines. Gillette says it is not a job...
When a Business Closes Their Doors

Monday, April 02, 2018

April 2, 2018   When A Business Closes Their Doors   As the Director of Deuel Area Development and attending so many conferences on community and economic development, I wonder a great deal about what is ahead for the rural lifestyle and the counties we live in.  A colleague of mine once shared what seemed like an outrageous number as to the number of Baby Boomers that will be retiring in the next 8-10 years.  His statistic is that nearly 6,000 Baby Boomers will be retiring in the Brookings area alone.  It’s going to affect them hugely in housing needs, and changing the landscape...
Those Big Box Stores

Tuesday, February 06, 2018

Those Big Box Stores   I have wondered if it is about aging that I do not really care to walk to walk through “Big Box Stores” anymore; even with 'falling prices." The whole "Big Box" idea seems so impersonal and I'm not crazy about the size of these mega beasts. I don't mean to point fingers at some of these stores, I realize they provide many jobs and meet many budgets.  I really do not want to walk from the dog food aisle to the back corner for a gallon of milk.  I have a close friend that owned her own...
Translate