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 totaling over $88 million in capital investment at their monthly meetings. The actions are expected to create 45 full-time jobs across the state.

“These investments showcase South Dakota’s commitment to economic growth,” said GOED Commissioner Joe Fiala. “We are excited to be a part of these projects and look forward to watching them develop and contribute to our state’s economic landscape.”

The EDFA recognized a Beginning Farmer Bond application for Jameson Peters of up to $600,000. When issued, this bond will be used for the purchase of 136.7 acres of tillable farmland in Marshall County.

Stay-n-Play LLC was awarded a $500,000 SD Works loan, which they will use to construct Meadow Ridge Pet Lodge, an upscale pet daycare facility located in Rapid City.

A Reinvestment Payment Program grant has been approved for Plainview Dairy LLC up to 51% of actual state sales and use tax, but not to exceed $1,530,000. They plan to build a new 10,000-head dairy in Deuel County.