Two Grants and One Loan Approved at Monthly Meeting

PIERRE, S.D. – The Governor’s Office of Economic Development Board of Economic Development has approved one loan and two grants during this month’s meeting, resulting in a capital investment of approximately $760 million and the creation of 664 jobs.

“We are excited to see local companies growing in South Dakota and we look forward to welcoming new businesses and job opportunities to our state,” said Governor Kristi Noem. “The Office of Economic Development is dedicated to making sure we set up future generations for success by supporting the long-term growth of these efforts.”

Community Coordinated Transportation Systems (CCTS), doing business as River Cities Transit, received approval for a South Dakota Works Loan of up to $375,000. This funding will be used to purchase a building for housing transportation vehicles and office space for a permanent location in Sioux Falls.

Two companies have been approved for the Reinvestment Payment Program.

Parker Hannifin of Yankton, a manufacturer and distributor of aftermarket filtration products for engine mobile applications, was approved for a Reinvestment Payment Program (RPP) of up to 50%, but not to exceed $100,219, of the state sales and use tax they will pay as a part of the project. The company plans to construct a new can-making line (CML) to meet increasing product demand. This line will produce steel cans for filters, and the project will create an estimated 14 new full-time positions.

SFC Global Supply Chain, Inc. will build a new manufacturing plant and regional office in Sioux Falls. They have been approved for an RPP grant of up to 100% of the state sales and use tax paid on their $750 million dollar project. The new manufacturing facility will produce Asian-style foods with state-of-the-art automated production lines, marking the company’s first facility in South Dakota and providing an estimated 650 full-time positions.