The South Dakota Governor’s Office of Economic Development (GOED), Board of Economic Development, and the Economic Development Finance Authority (EDFA) recently approved projects that are expected to contribute more than $176 million in capital expenditure and 175 full-time jobs across South Dakota.
“When businesses grow in our small towns, it creates a ripple effect that strengthens the whole community,” GOED Commissioner Bill Even said in a release. “Each of these projects represents a partnership between the state, local leaders, and business owners working together to move South Dakota forward.”
A Reinvestment Payment Program grant of up to $1.3 million 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. GOED notes the new facility will raise piglets to be grown and marketed, creating local jobs and sourcing feed and utilities from nearby vendors.
Hord Family Farms of SD, LLC, under Pipestone Management, also received a Reinvestment Payment Program grant of up to $862,806 to support construction of an 8,773-head breed-to-wean sow farm in Miner County. The facility will enhance local agricultural output and create new employment opportunities in the region, GOED said in a release.
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. GOED says the expansion will accommodate approximately 5,100 head of wet milking cows and more than 300 head of dry cows and replacements.
A Reinvestment Payment Program grant of up to $1.99 million was approved for Whitewood Dairy, LLC to support development of a 9,500-head dairy facility in Kingsbury County. The project will include new barns and milking systems designed to improve efficiency, GOED says.
Click here to see more...