Wednesday, Oct. 24, 2012
PIERRE, S.D. – In an effort to grow South Dakota’s bioscience sector and create jobs, four South Dakota communities will join the South Dakota Governor’s Office of Economic Development (GOED) in attending the Medical Design and Manufacturing Exposition in Minneapolis October 31-November 1.
Representatives from the GOED, Aberdeen, Mitchell, Vermillion, and Watertown will use next week’s event to connect with out-of-state companies looking to expand or relocate their operations to South Dakota.
“The combination of South Dakota’s stable economy and pro-business regulatory environment has positioned South Dakota as an ideal location for medical device companies,” said J. Pat Costello, commissioner, GOED. “We are already seeing a lot of momentum in the medical device industry, and it is a trend that I would like to see continue.”
During the past ten years, South Dakota saw employment growth of slightly more than ten percent in the medical device industry while the rest of the nation saw employment growth of about 1.8 percent in the same industry.
All four community partners attended the Medical Design and Manufacturing Exposition last year as well.
“The work the GOED has done to raise the profile of South Dakota in the Minneapolis market and the medical devices industry makes this trade show a great value for Vermillion,” said Steve Howe, executive director, Vermillion Area Chamber and Development Co.
“South Dakota is a great match for the medical device industry,” said Bryan Hisel, executive director, Mitchell Area Development Corporation. “Attending the exhibition provides an excellent opportunity to tell companies about Mitchell’s and moreover, South Dakota’s positive business environment.”
South Dakota currently has 25 businesses engaged in medical device and equipment manufacturing. Those companies employ more than 1,500 South Dakotans who make an average annual salary of more than $36,000.
For more information about South Dakota’s medical device and manufacturing industry check out our informational video at http://www.youtube.com/watch?v=yXI9mQ9qGLU, or visit www.sdreadytowork.com.