The South Dakota Governor’s Office of Economic Development (GOED), Board of Economic Development, and the Economic Development Finance Authority (EDFA) approved projects that will contribute more than $176 million in capital expenditure and 175 full-time jobs across the state.
“These projects highlight what drives South Dakota’s economy - responsible growth in agriculture and manufacturing,” said Governor Larry Rhoden. “Ag is king in South Dakota, and supporting producers, processors, and innovators keeps our state strong for generations to come.”
EDFA issued a Livestock Nutrient Management Bond of up to $12 million for Silverstreak Dairies, LLP and Warner Dairy, LLP to support solid waste disposal expenses associated with the expansion of the Warner Dairy project in Brown County. The expansion will accommodate approximately 5,100 head of wet milking cows and more than 300 head of dry cows and replacements.
The Board approved an SD Works loan of $80,000 to Driven Properties, LLC to support the purchase of a 2,800-square-foot, two-level office building in Rapid City. The project will allow the company to remain in the community long term.
An SD Works loan of $900,000 was approved for Social Fan, LLC (GameDay Social) to support the consolidation of operations into a single, centralized facility in Sioux Falls. The project will expand the company’s in-house production and fulfillment capabilities, improving efficiency and supporting future expansion.
A Reinvestment Payment Program grant of up to $1,304,464 was approved for Century Swine RE, LLC, under Pipestone Management, to support construction of a 12,000-head breed-to-wean sow farm in Edmunds County. The new facility will raise piglets to be grown and marketed, creating local jobs and sourcing feed and utilities from nearby vendors.
Source : sd.gov