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WELCOME, MARMEN
Marmen Energy recently announced its expansion into the United States with a new plant in Brandon - Welcome to South Dakota!

CHECK YOUR COMMUNITY PROFILE LINKS!
Community InSite is now available on sdreadytowork.com, and replaces the community and county profiles previously provided on the GOED website. EDCs should check the links on their websites and social media platforms.

Welcome

Costello heaed shot

Commissioner Pat Costello

The Board of Economic Development is set to launch its four new economic development programs on July 1. The programs are a result of SB 235, which was passed by the State Legislature earlier this year. The multi-faceted approach set forth in SB 235 focuses on education, housing, infrastructure, local economic development efforts, and large and small project needs.

The Economic Development Partnership Program and the Local Infrastructure Improvement Program, two of the board’s new programs which provide funding to local development corporations and political subdivisions, will accept the first round of applications July 1-31. The other two programs administered by the board, the Reinvestment Payment Program and the South Dakota Jobs Grant Program, which provide direct assistance to economic development projects, will accept applications on an ongoing basis.

These new programs are going to be great for economic development in South Dakota, said Pat Costello, GOED commissioner. “We are looking forward to using these new tools to continue to create jobs and foster business development within the state.

For more information on the new programs, please visit www.sdreadytowork.com.

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WBPC 2013

 

GOED's energy consultants Jim Quinn, left, and Gary Kluksdahl, right, joined the South Dakota contingency at the Williston Basin Petroleum Conference in Regina, Saskatchewan, in May. Also pictured are Pat Kurtenbach of Sturgis; Hunter Roberts, State Energy Policy Director; and Bryan Walker of Spearfish.

While business is booming in the Bakken Shale, the GOED is working to draw business in to South Dakota, as well as

"Because of our geographical proximity, our companies are really well-positioned to serve this industry," said Pat Costello, GOED Commissioner.

Since the oil and gas industry is a new target, the GOED has retained the services of Black Hills Business Strategy, a Rapid City-based consulting firm that has significant experience in the oil and gas industry.

BHBS is piloting a study that will ultimately give the state and our businesses a leg up in capturing opportunities related to the oil and gas industry

Jim Quinn, one of the BHBS consultants, said that the study will be conducted in three stages.

“Right now, we are in the first stage and in the process of identifying the oil and gas operators, drillers, contractors, and suppliers who are active in the Williston Basin and provide the greatest opportunity for creating jobs in South Dakota,” Quinn said. “Our goal is to come out with a clear understanding of what the specific needs are for each company and criteria they use for sourcing goods and services, so that we can better identify the opportunities for South Dakota, create jobs, and further business growth.”

The consultants also attended the Williston Basin Petroleum Conference in Saskatchewan, Canada, as part of the South Dakota contingency earlier this month. read more

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Amy Baker

Amy Baker

Amy Baker has joined the GOED's research division as an information specialist.

Amy was formerly on the administration staff that the GOED shares with the Department of Tourism.

Her new responsibilities will include managing the office databases, including the 1,100-company Manufacturers and Processors listing, the Local Development Corporation Directory and the county profile database. She is also the lead person in the assembly of RFIs and RFPs for new and expanding companies.


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This is a publication of the Governor's Office of Economic Development. Commissioner-Pat Costello; Deputy Commissioner-Nathan Lukkes; Marketing and Public Relations Director-Mary Lehecka Nelson; Editor and Designer-Jennifer Lambley. © Copyright 2013