City of Yankton Approved for Local Infrastructure Improvement Program Grant
Tuesday, September 16, 2014
YANKTON, S.D. – The Board of Economic Development approved the city of Yankton last week for a $500,000 Local Infrastructure Improvement Grant. The funds will be used to assist Wilson Trailer, a business located in Yankton, with road and utility infrastructure improvements. The new road will also aid in the development of the industrial park, owned by the city and Yankton Area Progressive Growth (YAPG), adjacent to Wilson Trailer.
“Maintaining infrastructure is vital for the success of our state economic development efforts,” said Gov. Dennis Daugaard. “The approved funding will go toward constructing a road designed specifically for industrial use, and these funds will alleviate safety concerns, such as narrowness, surrounding the existing road.”
“This award, along with the city of Yankton's investment, is a big step toward furthering our economic development goals,” said Amy Nelson, city manager. “This is an exciting growth opportunity because completion of the project will help support the expansion of one of the city’s largest manufacturing employers. It will also help retail and aviation related industries on the north side of Yankton.”
The Local Infrastructure Improvement Program provides grants to assist in funding the construction or reconstruction of infrastructure for the purpose of serving economic development projects.
For more information about the program and other Governor’s Office of Economic Development (GOED) financing programs, please visit www.sdreadytowork.com/finance