Carl V. Carlson Company Approved for REDI Fund
Wednesday, March 19, 2014
PIERRE, S.D. – Carl V. Carlson Company, a concrete contractor based in Lincoln County, announced today that it is growing and expanding its services, adding pre-cast concrete pipe manufacturing to its business. The Board of Economic Development approved the company for a Revolving Economic Development and Initiative (REDI) Fund loan last week. The funds will be used to build an 18,000 square foot building in rural Hartford, S.D., at the intersection of Highway 38 and Interstate 90, and will add upwards of 20 positions when the facility is complete. The company hopes to break ground this spring and be fully operational by late summer.
“The REDI loan program offers a fixed interest rate, currently at 2 percent, which is very attractive to businesses,” said Pat Costello, Commissioner, South Dakota Governor’s Office of Economic Development (GOED). “Carl V. Carlson Company is just the latest company to take advantage of one of our low interest financing programs. I encourage any company, whether already established here or looking to expand or relocate into South Dakota, to check out our financing programs. There’s a good chance our office can be of assistance.”
“Carl V. Carlson is a well-established company in our region,” said Nick Fosheim, executive director, Minnehaha County and Lincoln County Economic Development Associations. “This new site affords the company the opportunity to grow a new product line and the entire company.”
"South Dakota is an exceptionally business-friendly state,” said Carl Carlson, owner of Carl V. Carlson Company. “It is a wonderful place to do business; government regulation is not obtrusive, there’s no personal or corporate income tax, and it’s a right-to-work state. That’s important.”
Carlson has been in the concrete business for more than 20 years. He opened his business straight out of college in 1993 and a few years later his brother, Matt Carlson, and brother-in-law, Ed Davis, joined the company, both as vice presidents. For more information about the company, contact Carl Carlson at 605-368-5800.
For more information on the REDI Fund and other GOED financing programs, please visit www.sdreadytowork.com/finance.