Funding Approved for Various Projects Across South Dakota

PIERRE, S.D. – The South Dakota Governor’s Office of Economic Development and the Economic Development Finance Authority (EDFA) approved projects totaling over $28 million in capital investment at their monthly meetings. The actions are expected to create approximately 245 full-time jobs across the state.

“These investments demonstrate South Dakota’s commitment to economic growth and job creation,” said GOED Commissioner Joe Fiala. “We’re supporting diverse industries that will strengthen our communities and provide opportunities for South Dakotans.”

The EDFA approved a $325,000 Beginning Farmer Bond for Raymond Freeman of Britton to purchase 160 acres of agricultural land in Brown County.

CNF Enterprises, LLC, doing business as I-90 Meats, was approved for a $600,000 SD Works Loan to support its operations in New Underwood, South Dakota. This funding will provide working capital for the company’s first year of business following the completion of construction on its new 30,000-sq ft USDA protein processing facility.

A $500,000 SD Works Loan was approved for Mother of God Monastery in Watertown to renovate its Village Campus into a licensed childcare and educational center for up to 225 children.

Smack Pet Food Inc., a Canadian-based company establishing operations in Aberdeen, was granted a $101,591 South Dakota Jobs Program grant.