South Dakota, long known for its impressive business climate, just became more attractive to technology and research-based businesses.
The University of South Dakota (USD) Research Park is finalizing its master plan for a new, 80-acre innovation district in northwest Sioux Falls, S.D.
The new district is currently home to the University Center, where the six state universities deliver courses and the USD Graduate Education and Applied Research (GEAR) Center. The Gear Center includes a Current Good Manufacturing Practices (cGMP) facility to assist biotech businesses producing products for pre-clinical and clinical trials.
The master plan will include several initial infrastructure and potential catalyst projects.
The goals of the park are:
- Develop the research and development infrastructure needed by university and industry researchers.
- Connect university activities with the private sector partners to support workforce development and R&D.
- Develop the infrastructure and amenities knowledge based businesses need to grow and prosper.
- Foster entrepreneurship and commercialization through a robust incubation program.
"This really puts South Dakota on a more competitive playing field in terms of research and commercialization. The trend is definitely toward developing small communities centered around research and innovation, but that also have a variety of other services available," said Rich Naser, president of the USD Research Park.
“South Dakota has always been recognized for its strong collaboration among researchers and the development of this research district plays perfectly to that strength,” Naser concluded.
The State of South Dakota and the Research Park are looking for interested tenants that would like to take part of the building planning process.
"Recruiting tenants is going to be an important part of the planning process, said GOED Commissioner Pat Costello. "The state has a number of incentives available, and would be interested in utilizing them to secure an anchor tenant."
For more information, contact Rich Naser, Executive Director, South Dakota Technology Business Center, at firstname.lastname@example.org or 605-275-8010.