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CONGRATS
Congratulations to Rush-Co Industries President Bill Shorma on his appointment to the Manufacturing Extension Partnership (MEP) Advisory Board of the National Institute of Standards and Technology (NIST).

Sterling Computers Corporation is relocating its corporate headquarters from Norfolk, Neb., to Dakota Dunes!


Interstates Companies is expanding its Sioux Falls location.

The community of Midland is receiving a $515,000 Community Development Block Grant.

BULLSEYE
Yankton was selected as the site for the 2015 World Youth Archery Championships. The event will welcome 600 competitors from 60 countries.

Welcome

Costello heaed shot

Commissioner Pat Costello

The Governor's Office of Economic Development's Business Development Team is planning a Minnesota Blitz this fall. From July 23-25, representatives will be meeting with companies in the Minneapolis area, touting the many advantages South Dakota has to offer.

"While more leads are generated within our on borders than in any other state, Minnesota isn't too far behind," said GOED Commissioner Pat Costello. "Because there is already interest, it is important for us to keep South Dakota on their minds."

Among South Dakota's advantages:

  • South Dakota’s unemployment tax is approximately one-fourth of Minnesota’s;
  • South Dakota’s real per capita personal income is $3,000 higher than Minnesota’s, and;
  • South Dakota’s per capita state (public) debt is half of Minnesota's.

For more information on the upcoming blitz, please contact Steve Watson at steve.watson@state.sd.us or 605-367-4518.

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Workforce SummitsComplete

Governor Daugaard and the SDWINS Cabinet have finished all six Workforce Summits.

More than 1,000 people from the business, education, government and community sectors attended to contribute their ideas for future strategies.

A final report of recommendations will be released this fall. The summits took place in Aberdeen, Brookings, Mitchell, Rapid City, Sioux Falls and Watertown.

SD GDP Up 6.8 Percent

South Dakota’s economy continues to grow at a faster rate than the national economy, according to the most recent gross domestic product (GDP) numbers released by the Bureau of Economic Analysis, U.S. Department of Commerce. South Dakota’s GDP grew 6.8 percent from 2012 to 2013 compared to a 3.47 percent growth nationally.

South Dakota’s percentage increase was the fourth highest in the nation, trailing only North Dakota, Wyoming and Idaho.

South Dakota Success Stories

To coincide with the 2014 BIO International Convention last month, the GOED has put together several feature stories on successful South Dakota bioscience companies.

Find out more about the exciting things happening in South Dakota at Nutraferma, CEGA Innovations, SaB Biotheraputics and Alumend.


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This is a publication of the Governor's Office of Economic Development. Commissioner-Pat Costello; Deputy Commissioner-Aaron Scheibe; Marketing and Public Relations Director-Mary Lehecka Nelson; Editor and Designer-Jennifer Lambley. © Copyright 2014