Board of Economic Development takes action at monthly meeting

PIERRE, SD – The Governor’s Office of Economic Development (GOED) Board of Economic Development approved four applications at its monthly meeting on Wednesday, Feb. 8.

The following action was taken:

• Whirlwind Investments, LLC, was approved for a loan of $144,000 through the SD Works program. The funding will assist with the purchase of business assets in Chester.
• B&B Hills, LLC, was approved for a loan of $128,000 through the SD Works program. The funding will assist the purchase of business assets in Rapid City.
• Norway Pork OP, LLC in Turner County was approved for a grant of $751,241 through the Reinvestment Payment Program (RPP). The funding will assist with the construction of a sow facility.
• Redstone Dairy (Riverview LLP) in Kingsbury County was approved for a grant of $4,400,000 through the Reinvestment Payment Program (RPP). The funding will assist with construction of a new dairy facility.

The GOED provides financing and incentives to meet the needs of both new and existing companies. For more information, go to https://sdgoed.com/partners/financing-incentives/.