Governor’s Office of Economic Development approves funding for projects in Marshall County, Rapid City and Deuel County
Jan 18, 2025
The South Dakota Governor’s Office of Economic Development (GOED) Board of Economic Development and the Economic Development Finance Authority (EDFA) approved projects totaling over $88 million in capital investment at their monthly meetings. The actions are expected to create 45 full-time jobs across the state.
“These investments showcase South Dakota’s commitment to economic growth,” said GOED Commissioner Joe Fiala. “We are excited to be a part of these projects and look forward to watching them develop and contribute to our state’s economic landscape.”
The EDFA recognized a Beginning Farmer Bond application for Jameson Peters of up to $600,000. When issued, this bond will be used for the purchase of 136.7 acres of tillable farmland in Marshall County.
Stay-n-Play LLC was awarded a $500,000 SD Works loan, which they will use to construct Meadow Ridge Pet Lodge, an upscale pet daycare facility located in Rapid City.
A Reinvestment Payment Program grant has been approved for Plainview Dairy LLC up to 51% of actual state sales and use tax, but not to exceed $1,530,000. They plan to build a new 10,000-head dairy in Deuel County.