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Highlighting 2016

Scott Stern

As we reflect upon 2016, I find that we have much to be excited about going into the new year. We had a number of signifcant projects that created jobs, invested capital into South Dakota, and diversified our economy. 

Next month, the 2016 GOED Annual Report will be released, and will cover all the hard facts and figures of our economic development activity in 2016. 

In the meantime, I'd like to provide you, our partner in economic development, with a small preview of some of our accomplishements.

Exciting Projects in South Dakota:

  • Farmers Business Network (FBN), a California-based technology company, announced in August plans to expand its national operations center in Sioux Falls by adding more than 90 positions in two years, with 40 of those positions to fill in 2016, which would triple its employee count. 
  • GCC Dakotah, a manufacturer of cement, concrete and coal, broke ground on an expansion to its Rapid City facility that will result in 1.3 million tons of cement produced annually. The $90 million upgrade will boost the company’s kiln capacity from 2,260 tons of clinker, a material needed to produce cement, to 3,600 tons.
  • Intrinsic Materials opened its 10,000 square-foot facility in Rapid City to process carbon into nanofibers. The nanofibers will be used by Immutrix, a Rapid City-based company, in a number of filtration products. Immutrix has a medical device currently in clinical trials that will treat drug overdoses and other medical conditions.
  • Precision Partners, Inc., (PPI) announced plans to acquire DJO’s EMPI operation in Clear Lake. The community, which has approximately 1,200 residents, welcomed the news.  Precision Partners is retaining 41 employees and is one of the community’s largest employers. 
  • One-hundred and seventy-five new jobs were announced by one of Rapid City’s largest existing employers, Synchrony Financial. The new positions will be added over the next three years. 

Top Rankings

  • #1 - Tax Revenue Volatility, Pew Charitable Trusts
  • #1 - Best States for Business - Business Costs, Forbes Magazine
  • #1 - Enterprising States - Business Climate, US Chamber of Commerce Foundation
  • #1 - Best States for Business - Business Costs, Forbes Magazine
  • #2 - State Business Tax Climate Index, Tax Foundation
  • #3 - Small Business Policy Index 2016: Policy Environments for Entrepreneurship & Small Business, Small Business & Entrepreneurship Council
  • #3 - States Most Prepared for Next Recession, Mercatus Center, George Mason University
  • #4 - Enterprising States - Talent Pipeline, US Chamber of Commerce Foundation
  • #5 - State Fiscal Condition Index, Mercatus Center, George Mason University
  • #6 - The Camelot Index, State Policy Reports, Volume 34, Issue 7, April 2016
  • #6 - Gallup-Healthways Well-Being Index, Gallup-Healthways
  • #9 - Best States for Business, Forbes Magazine

Dates to Remember

SHOT Show - Las Vegas, Jan. 17-20
IFDA Dairy Forum - Orlando, Fla., Jan 29- Feb. 4
Governor's Economic Development Conference - Sioux Falls, April 26
Giant Vision Business Competition - Sioux Falls, April 26

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This is a publication of the Governor's Office of Economic Development. Commissioner Scott Stern; Deputy Commissioner-Aaron Scheibe; Marketing and Public Relations Director-Mary Lehecka Nelson; Editor and Designer-Jennifer Lambley. © Copyright 2017