PIERRE, S.D. –The South Dakota Board of Economic Development approved funding for three projects through the Revolving Economic Development and Initiative Fund, Local Infrastructure Improvement Program, and Reinvestment Payment Program. The projects support business expansion, infrastructure improvements, and long-term investment by one of the state’s largest employers.
“South Dakota is Open for Opportunity because we continue to plan ahead and invest in our future,” said Governor Larry Rhoden. “By strengthening our sites, our infrastructure, and the industries that drive our economy, we are building on South Dakota’s strong foundation and positioning our state for long‑term success.”
The board approved a $7.5 million REDI loan for Elevate Rapid City to purchase and develop 128 acres into a new business park in Rapid City. The development will help meet growing demand for industrial and commercial sites, support national defense and advanced manufacturing growth, and strengthen western South Dakota’s long-term economic competitiveness.…