News and Media

May 4-9 is International Economic Development Week (EDW). It’s an opportune time to reflect on the importance of local economic development efforts to building a vibrant and sustainable community. The International Economic Development Council (IEDC) created EDW in 2016 to help raise awareness for the profession. Economic Development Organizations (EDOs) ar...Continue Reading

As experienced lumber industry professionals, Tim Doyle and Carl Serck saw an opportunity  to invest in a local lumberyard, both as a business venture and a chance to keep a lumberyard in a community. But they knew they needed assistance.  “The Southeastern Electric Cooperative’s REED Fund has a real commitment t...Continue Reading

As the nation and the world work to flatten the curve against the COVID-19 pandemic, electric cooperatives are playing critical roles in meeting the need for crucial personal protective equipment for first responders. A 3M plant, built to turn out respirator masks used by health care workers, emergency medical responders, constructio...Continue Reading

Accessibility is critical to the success of any business. In the case of Ringneck Energy, that literally meant the construction of a new highway to it’s facility. In turn, the new road has been a big benefit for the town of Onida as well. A project with mutual benefits i...Continue Reading

The South Dakota Beef Industry Council (SDBIC) is proud to announce Ken Charfauros of Wall, SD as its 2019 Prime Promoter. This award recognizes someone who has gone above and beyond promoting beef in the state of South Dakota.  Charfauros, owner of Wall Meat Processing provides a service in custom mea...Continue Reading

Prescription Agronomics creates customized fertilizers to help farmers save money Winter is on the way. Dropping temperatures used to mean a slower season for the team at Prescription Agronomics, which creates customized fertilizers for regional farmers. Director of Operations Jon Gilbert explained that the company’s operations used to decrease during wintertim...Continue Reading

SIOUX FALLS, S.D. – Avera Health and the Rural Electric Economic Development (REED) Fund Tuesday announced a new $10 million workforce housing development financing partnership. Avera has committed $2 million to the partnership and REED has committed an initial $4 million, with plans to grow the total fund to $1...Continue Reading

Renting is pretty easy — check out a place, decide you like it, pass a credit check, put down some money and move in. Home-buying is not like that at all. Viewing a home that’s for sale is only a part of the process, and it’s not even the first part. “What w...Continue Reading

Recently SDSU Extension and partners formed a South Dakota Agritourism Work Group to explore opportunities to encourage, promote and support agritourism across South Dakota. In addition to SDSU Extension, the other partners include: the South Dakota Dept. of Tourism, South Dakota Dept. of Agriculture, South Dakota Value Added Agriculture Developmen...Continue Reading

SIOUX FALLS, S.D. - What do you think of when you hear the words "Industrial Revolution?"  You might think of the 1800s when the country started using new machines, electricity and steam power, but we're going through another industrial revolution again.  That's creating challenges and opportunities for one of the state's larges...Continue Reading

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 i...Continue Reading

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 b...Continue Reading

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 you...Continue Reading

At the University of Minnesota, launching a new company is one of several ways that breakthrough research can move beyond the lab to benefit the public. But finding the right leader, with the right experience, to bring these new technologies to market can be difficult. “Leadership is just as important a...Continue Reading

NEW YORK--(BUSINESS WIRE)--Women started an average of 1,821 new businesses per day in the U.S. between 2017 and 2018, according to analysis in the 2018 State of Women-Owned Businesses Report, commissioned by American Express (NYSE:AXP). This level of new business formation by women is greater than the daily average durin...Continue Reading

A ranking of state economies using metrics like poverty rate, home ownership, job growth and education puts Minnesota ahead of California (and, more important, Wisconsin).  USA Today reports on the listing, compiled by financial site 24/7 Wall Street. Minnesota comes in No. 7 overall, just behind Hawaii. The state scored points for it...Continue Reading

Local shop enhances quality and increases supply with new smokehouse It’s amazing what can happen when a business is able to streamline all of its production under one roof. The work is more efficient, challenges that arise are resolved more quickly and it means a higher quality product for the customer...Continue Reading

HURON, South Dakota, September 13, 2018 – Rural Development is likely not the first thing that comes to your mind when you hear the United States Department of Agriculture (USDA). Most folks think of the Farm Service Agency, Natural Resources Conservation Service, Food and Nutrition Service, or the Risk Managemen...Continue Reading

Citi Community Development is engaged in communities across the country supporting economic development, inclusive finance and housing.  The corporate group works to support underserved individuals and families and seeks collaborative partnerships with organizations like Dakota Resources to help make an impact. “Citi has had a solid relationship with Dakota Resources fo...Continue Reading

PIERRE, S.D. –  Early and growth stage companies in South Dakota now have access to additional equity capital as South Dakota Equity Partners (SDEP), a public-private partnership supported by the Governor’s Office of Economic Development (GOED), has raised $16.9 million according to Gov. Dennis Daugaard. “SDEP had its initial closing a...Continue Reading

Automated screening saves time and money, but who gets left out?  The last time Chuck Blatt searched for a job, about 10 years ago, he relied on a thoughtful cover letter, a résumé printed on nice paper and good rapport during a face-to-face interview. Now, he said, “that is all out th...Continue Reading

Universities are unique environments. They serve as fertile ground to test innovative ideas. They cultivate creativity and talent. With the right resources and collaborations, academia can provide fuel for economic growth. Community, business and university leaders in Brookings, South Dakota formed a collaboration in 2004 to help harness the power o...Continue Reading