Two grants, multiple loans approved at monthly meeting

PIERRE, SD – The South Dakota Governor’s Office of Economic Development (GOED) Board of Economic Development met this week.

The Board of Economic Development approved three loans and two grants at this month’s meeting:

• A SD Works loan for $67,500 was approved for Blankenship Properties, LLC. of North Sioux City for the purchase of property and site improvements for expansion.
• A SD Works loan totaling $320,000 was approved for Custom Skirting, LLC of Rapid City for the purchase of manufacturing equipment and facility expansion.
• A Revolving Economic Development and Initiative Fund (REDI) loan of $969,741 was approved for M.A. Murphy, LLC of Sturgis, for the construction of a new building. This will be the first facility in Sturgis’ new industrial park.
• A Reinvestment Payment Program (RPP) grant totaling $612,900 was approved for SFP, LLC of Ipswich for the construction of new livestock structures for a swine facility.
• A RPP grant for $104,000 to Wilson Trailer Company of Lennox was approved for a facility expansion.

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/.