The Governor’s Office of Economic Development Board of Economic Development approved six loans and two grants while the Economic Development Finance Authority authorized two bond resolutions. These projects reflect a capital investment of over $121 million and the creation of 148 full-time jobs.
“The Governor’s Office of Economic Development is proud of the role they play in helping these companies grow,” said Governor Kristi Noem. “These companies and communities are choosing to make significant investments in South Dakota.”
Plainview Dairy, LLC near Toronto was authorized for up to $25 million in Livestock Nutrient Management bonds. When issued, the bonds will be used for solid waste management and disposal at the new dairy.
Wildrose Dairy, LLC in Brandt was authorized for up to $4.8 million in Livestock Nutrient Management bonds. When issued, the bonds will be used for solid waste management and disposal functions at an expanding dairy farm.
Midstates, Inc. in Aberdeen was approved for an SD Works loan of $800,000. The loan will be used to purchase new printing equipment.
JMP Design and Catering in Madison was approved for an SD Works loan in the amount of $549,696. The loan will be used to construct and furnish an event venue.
RF Holdings, LLC of Watertown was approved for an SD Works loan in the amount of $364,000. The loan will be used to construct a new building and purchase equipment for Active Heating, Inc. as part of the business expansion.
BibiSol, LLC in Sioux Falls was approved for an SD Works loan in the amount of $57,300. The proceeds will be used for leasehold improvements, furniture and fixtures, and equipment purchases for a new restaurant.
Never Too Busy Construction in Lennox was approved for an SD Works loan of $46,500. The loan will be used to purchase an existing construction business.
Grant County Development Corporation in Milbank was approved for a REDI loan of $426,025 to purchase vacant land for an industrial park.
The City of Canton was approved for a Local Infrastructure Improvement Program grant of $423,000. The grant will be used to extend a street and related infrastructure within the Canton Industrial Park.
The City of Dell Rapids was awarded an Economic Development Partnership Program grant for $1000. The funding will be used to attend economic development training.