Communities and State Partner to Recruit Companies
Monday, October 28, 2013
PIERRE, S.D. – In an effort to grow South Dakota’s bioscience sector and create jobs, five 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 Oct. 29-30.
“CNBC ranked South Dakota as America’s Top-State for Business in July. Our growing economy, productive workforce and premier business and tax climate are just a few of the reasons why business owners continue to migrate to South Dakota,” said J. Pat Costello, commissioner, GOED. “The MD&M Expo is a great opportunity for communities who have a large medical device industry to partner with our office.”
Representatives from the GOED, Aberdeen, Mitchell, Yankton, Sioux Falls and Vermillion will use this week’s event to connect with out-of-state companies looking to expand or relocate their operations to South Dakota.
“The number of bio-tech, medical research and medical manufacturing companies in Sioux Falls has grown significantly during the past decade,” said Dean Dziedzic, director of Strategic Initiatives for the Sioux Falls Development Foundation. “Because of this growing bio-medical sector, we know that Sioux Falls offers Minnesota medical device manufacturers the business, technical and supply chain advantages they need to prosper.”
“The MD&M Expo in Minneapolis is a great opportunity for Aberdeen to visit with medical device companies from around the country,” said Chris Haar, director of Operations for the Aberdeen Development Corporation. “With two major medical systems located in Aberdeen and who also serve the surrounding areas, Aberdeen has a nexus of medical professionals who are always looking for the industry’s best practices. MD&M is a chance to speak with medical device manufactures regarding solutions that may fit our local manufacturers’ needs. MD&M provides an abundant number of prospects and is a great source for new ideas in the medical and manufacturing industries.”
South Dakota currently has 25 businesses engaged in the Medial Devices & Equipment sector. Those companies employ more than 26 percent of the Bioscience workforce.
South Dakota’s Medical Device sector has enjoyed steady growth over the last decade, increasing employment by over seven and a half percent. National growth during same time period declined almost four percent.
For more information about South Dakota’s medical device and manufacturing industry, check out our informational video on YouTube.