South Dakota Announces Creation of State's First Megasite
800+ Acre Site Makes Larger Projects Feasible
South Dakota will soon be a likely site for more expansive manufacturing projects than ever before, thanks to the state’s newest industrial park, the Foundation Park megasite.
Located in northwest Sioux Falls, S.D., the park will sit on more than 800 acres and offer tenants:
Class One Rail
Two intersecting, major cross-country interstates
City water & sewer
Easily accessible roads
Redundant electrical service
A growing regional trade center (Sioux Falls) with a diversified economy and skilled workforce
Proximity to Southeast Technical Institute, University Center, and the new University of South Dakota Discovery District
Proximity to the Sioux Falls Regional Airport.
“We couldn’t be more excited to see this project come to fruition,” said GOED Commissioner Pat Costello. “South Dakota has always had a strong manufacturing base and a stellar business climate, and Foundation Park will allow more companies to consider operating in South Dakota than ever before.”
Plots within the park will vary in size, from 2.5 acres, to 100+ acres.
The announcement comes on the heels of the launch of the Build Dakota Scholarship Program
, for which the state, in partnership with philanthropist T. Denny Sanford, has set aside $50 million in full-ride scholarship funding for a host of technical degrees in manufacturing fields.
South Dakota has also seen growth in its manufacturing sector in recent years. Costello noted that the state boasted record capital investment by South Dakota manufacturers in 2014, when manufactures made the third-largest capital investment in South Dakota since 1955.
To learn more about Foundation Park, please contact Slater Barr, president, Sioux Falls Development Foundation, at firstname.lastname@example.org