Rural Manufacturer: Partnership with State Grows Business, Community
Tuesday, June 9, 2015
ALEXANDRIA, S.D. – SD Industries (SDI), a leading manufacturer in the swine industry, has been approved for a REDI (Revolving Economic Development & Initiative) Fund loan by the Board of Economic Development. The loan will be used to purchase equipment and will allow the company to double its production, while decreasing its utility cost.
“SD Industries will use this funding to purchase a fiber optic laser which is not only expected to increase production and decrease utility costs, but also result in eight new jobs,” said Gov. Dennis Daugaard. “This is exactly the sort of thing the REDI Fund was intended for.”
Of course CEO Brian Stork is excited about the new equipment and all it can do for the company, but he is equally as excited about the opportunity to partner with the state of South Dakota. “We believe in South Dakota and Gov. Daugaard and his staff, and we like what they’re doing to help small businesses and manufacturing companies grow in rural communities,” Stork said.
Stork believes so strongly in the importance of rural communities that SDI company leadership has taken an active role in growing its hometown of Alexandria. “The new employment opportunities that will come out of us being able to purchase this new equipment will bring new families to the area, impact the local economy and show America that rural South Dakota is open for business,” Stork said.
SDI provides customers with precision engineering and quality manufacturing for hog facilities across North America from feeders and watering solutions to crates and other accessories. Beyond the U.S., SDI has dealers in Canada, Mexico and the Dominican Republic, making it the leading manufacturer. For more information about SDI, visit www.sdimfg.com