PIERRE The South Dakota Governors Office of Economic Development Board of Economic Development and the Economic Development Finance Authority approved projects totaling over $88 million in capital investment at their monthly meetings. The actions are expected to create 45 full-time jobs across the state.
These investments showcase South Dakotas commitment to economic growth, said GOED Commissioner Joe Fiala. We are excited to be a part of these projects and look forward to watching them develop and contribute to our states economic landscape.
The EDFA recognized a Beginning Farmer Bond application for Jameson Peters of up to $600,000. When issued, this bond will be used for the purchase of 136.7 acres of tillable farmland in Marshall County.
Stay-n-Play LLC was awarded a $500,000 SD Works loan, which they will use to construct Meadow Ridge Pet Lodge, an upscale pet daycare facility located in Rapid City.
A Reinvestment Payment Program grant has been approved for Plainview Dairy LLC up to 51% of actual state sales and use tax, but not to exceed $1,530,000. They plan to build a new 10,000-head dairy in Deuel County.
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