Funding Approved for Multiple Projects Across the State

PIERRE, S.D. – 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 to a total of $26.6 million in capital expenditure and 26 full-time jobs across the state. 

“South Dakota is Open for Opportunity, especially in our agriculture sector,” Governor Larry Rhoden said. “We’re proud to provide an environment where agricultural businesses can succeed.” 

The EDFA approved a Beginning Farmer Bond for Jameson Peters of up to $634,000. The funds will be used to purchase 136.7 acres of tillable farmland in Marshall County. 

Cody and Codi Kafka’s Beginning Farmer Bond application for up to $510,000 was recognized by the EDFA. When issued, this will help them purchase land and start their own small farming operation. 

Dakota Protein Solutions LLC received approval for a REDI loan of up to $2.5 million. This additional funding will be used to add a hot house and heaters to their rendering plant in Freeman, S.D. 

“South Dakota is investing in its future by supporting agriculture,” said GOED Commissioner Joe Fiala. “This creates a strong business environment that keeps talent here.”