SIOUX FALLS, SD – The Governor’s Office of Economic Development (GOED) Board of Economic Development approved four applications at its meeting on Wednesday, Dec. 14.
The following action was taken:
- Mitchell Area Development Corporation was approved for a grant of $362,500 through the Local Infrastructure Improvement Program (LIIP). The funding will assist infrastructure extension, including water and sewer utilities of 15th Avenue in Mitchell.
- Manitou Equipment of Madison and Yankton was approved for a grant of $1,085,630 through the Reinvestment Payment Program (RPP). The funding will assist with business expansion.
- Brian Miller of BJ’s Foods, Kennebec, was approved a SD Works loan in the amount of $31,000. Financing will help cover the costs of completing a new warehouse storage facility and other improvements.
- Roto Mold, LLC, of Tea, was approved for a Revolving Economic Development and Initiative (REDI) Fund loan. The $1,085,088 will be used for manufacturing equipment and building construction.