Business

Business - Lakota - Loan
1:21 pm
Mon April 14, 2014

Lakota Federal Credit Union Raises Loan Limits

Credit Courtesy Lakota Federal Credit Union

The Lakota Federal Credit Union has announced an increase in its secured loan limit from $5000 to $25,000. The move allows members to raise their credit rating as well as purchase much-needed vehicles to travel the remote reaches of the Pine Ridge Reservation.

The Lakota Federal Credit Union was created in 2012 and is the first bank available to residents of the Pine Ridge Reservation within the reservation’s boundaries.

Frances Morgan lives in Kyle. She says banking wasn’t an option for her before the Lakota Federal Credit Union.

Read more
Business
2:29 pm
Tue April 8, 2014

Train Shortage Creates Ag Crisis

Soybeans pile up at grain elevator
Credit Kealey Bultena / SDPB

As the weather warms up and farmers prepare to get into the fields, some of the harvest from last season is still in storage and in piles. Bath, South Dakota farmer Dennis Jones says the situation has reached a crisis level because railroad equipment and crews aren’t available to haul grain to market because of the demands in the Bakken Oil Fields.

Read more
Business
1:28 pm
Mon March 31, 2014

Increasing The Tourism Travel In South Dakota

SD Tourism Secretary Jim Hagen

South Dakota Tourism Secretary Jim Hagen is one of 13 new additions to the federal Travel and Tourism Advisory Board. The 32-member panel offers guidance to the U.S. Secretary of Commerce on national tourism policy. It includes members from across the country, including representatives from public and private sectors. Hagen says he wants to ensure that travel industries in all states are considered in national strategy and policy. He says he looks forward to helping increase travel to and around the country.

Read more
Business
3:01 am
Thu March 27, 2014

Sioux Falls: The State Of The City

Revenues for the city of Sioux Falls are breaking records, but tax dollars aren’t the only measure of the city’s growth. The final tally from last year puts most of the numbers above and beyond estimates. Sioux Falls leaders say they’re working to stay ahead of problems associated with quick development.

The special city council meeting comes to order with a gavel, an invocation, and a pledge. Right away, Mayor Mike Huether starts the State of the City address with finite numbers that prove Sioux Falls is growing.

Read more
Business
11:23 am
Wed March 19, 2014

Sioux Falls Sees Record Retirement

Human Resources Director Bill O'Toole discusses retirement projections for the City of Sioux Falls.
Credit Kealey Bultena / SDPB

A change to city workers’ pension is prompting more Sioux Falls employees to retire. That means some long-held positions are open to people who want to work for the state’s largest city.  

By the end of 2014, Sioux Falls leaders expect more than 70 city employees to retire. That number is double the usual count for retirements citywide.

Human Resources Director Bill O’Toole says he attributes the unusually high retirement rate to last year’s change in the city’s pension plan. He says replacing a retiree takes training.

Read more
Business - Lakota - Warrior
4:29 pm
Thu March 13, 2014

Warrior Bar Joins Tanka Lineup

The "Warrior Bar" - by Native American Natural Foods, is twice the size of the company's popular Tanka Bar.
Credit Courtesy Native American Natural Foods

A South Dakota-based Native American health food company has announced a new product aimed at the high performance athlete market.

The “Warrior Bar” is the first joint development in what’s expected to be a long-term partnership with Onnit Labs of Austin, Texas.

It’s been more than six years since the Tanka Bar was first introduced at the Black Hills Pow-Wow by Native American Natural Foods.

Read more
Business
4:11 pm
Tue March 4, 2014

Breaking Down Lewis & Clark Funding

Credit Lewis & Clark Regional Water System

President Obama’s budget released Tuesday includes $2.4 million for the Lewis & Clark pipeline. That money is for fiscal year 2015. The announcement comes the same week water project leaders got word that Congress is contributing $5.2 million dollars to the current budget.

The Lewis and Clark Regional Water System is two decades in the making, and a lack of federal funding has the project at a near standstill.

Read more
Business
3:02 pm
Tue March 4, 2014

SDARL Class Visits Chile And Peru

Silvia Christen, executive director of the South Dakota Stockgrowers Association, participated in the South Dakota Agricultural and Rural Leadership (SDARL) international seminar in Chile and Peru last month.  Christen said, "I was really impressed with the variety of things we saw and how directly connected we are to their ag practices there.  From seed corn production to apples, cherries and fruit that was all exported to the U.S.

Read more
Business
2:33 pm
Tue March 4, 2014

Lewis & Clark Leader Outraged By Proposed Funding

Credit Lewis & Clark Regional Water System

If President Obama’s proposed budget goes through, the Lewis and Clark rural water project receives $2.4 million for 2015.

Water project executive director Troy Larson says he’s outraged at the appropriation. He says it means zero construction progress for the vital water supply.

Read more
Business
2:24 pm
Tue February 25, 2014

EB-5 Investor Visa Program

EB-5 Investors Magazine publisher Ali Jahangiri.
Credit EB-5 Investors Magazine

Last week Republican State Representative Stace Nelson sponsored a bill that would ban the federal EB-5 investor visa program in South Dakota saying it has done more harm than good.  The bill was defeated 12-1.  Pat Costello of the Governor's Office of Economic Development opposed the measure.  He said he believes there are opportunities to use EB-5 in the future as an economic incentive tool for very large projects. 

Read more
Business
2:20 pm
Tue February 18, 2014

Co-Working Spaces

Part of the co-working space at Meso in Sioux Falls.
Credit Meso

As the number of "independent workers" continues to increase, co-working spaces are popping up around the country.  Co-working spaces are a place where people, who used to work at home, can move back into an office - but it's not necessarily the old concept of what defines an office.  Kim Bartling is with Meso in Sioux Falls.  Matt Eihlman and Peter Anderson have started "The Garage" in Rapid City.  They are entrepreneurs who have started up new co-working spaces in South Dakota.

Read more
Business
2:52 pm
Thu February 13, 2014

Employment Works Task Force Report

DHS Secretary Gloria Pearson.

Governor Dennis Daugaard's Employment Works Task Force has completed its final report for employing South Dakotans with disabilities.  Daugaard announced his Employment Works Initiative in the spring of 2013, and a task force was created last July to help guide his efforts.  The report has five prevailing recommendations which were discussed by Gloria Pearson, Secretary of the South Dakota Department of Human Services.

Read more
Business
2:49 pm
Tue February 4, 2014

Black Hills Regional Angel Fund

Entrepreneurs in the Rushmore Region have a new resource to help them take their concept from dream to reality.  The Rapid City Economic Development Partnership, in conjunction with the South Dakota Enterprise Institute and its regional economic allies, is launching Black Hills Regional Angel Fund, LLC.  The Angel Fund will provide financial resources for local startup companies that exhibit potential for growth and high economic impact.  The Black Hills Regional Angel Fund is completely funded with local money from accredited private investors in the Black Hills.  Ben Snow, President of th

Read more
Business
4:45 pm
Tue January 28, 2014

Co-op Finds New Store After Fire

Leaders of the Co-op Natural Foods store talk about renovating a former video rental store.
Credit Kealey Bultena / SDPB

A small local food store in Sioux Falls is re-opening after being destroyed by fire. Authorities say someone set the fire inside The Co-op Natural Foods building after taking money from the register. Now the business is looking forward just more than a week after the fire.

Board members and supporters stand in a long line among the remnants of a video rental store in Sioux Falls. The former Movie Gallery near 18th street and Minnesota Avenue is soon to be a home for the Co-op Natural Foods.

Read more
Business - Lakota - Loan
6:09 pm
Mon January 13, 2014

Four Bands Expands Loan Opportunities

Credit Courtesy Four Bands Community Fund

A non-profit community loan fund based on the Cheyenne River Indian Reservation has expanded its target market to all enrolled members of federally recognized tribes who reside in the state of South Dakota.

Prior to its expansion, Four Bands Community Fund was limited to serving clients within the boundaries of a reservation. Tanya Fiddler is the Fund’s executive director.

Read more
Business
4:47 am
Mon January 13, 2014

Lawmaker Proposes Payday Lending Law

A lawmaker from Sioux Falls is working to regulate the payday loan industry. Members of South Dakota’s legislature have tried to impose limits in past sessions, but one lawmaker believes the 2014 term is a time for progress.

 

 

State Representative Steve Hickey says the bill he’s proposing to regulate pay day loans is extensive. A main element of it is a registry. He says state law limits the number of payday loans a person can take out to four…but, right now, no one keeps track.

Read more
Business
11:02 am
Fri January 3, 2014

Railway Proposes Sale Of Former DM&E Track

A company that owns railways in South Dakota wants to sell more than 600 miles of the line by the middle of this year. Canadian Pacific plans to sell the west end of its Dakota, Minnesota and Eastern rail line. Two companies have struck an agreement on the transaction, but that doesn’t mean the sale is a sure-thing.

The 660 miles of railroad Canadian Pacific wants to sell run from Tracy, Minnesota into far western South Dakota. It also includes track in Nebraska and Wyoming.

Ed Greenberg with Canadian Pacific says the buyer is a well-known short line operator.

Read more
Business - Lakota - Institute
4:17 pm
Mon December 30, 2013

Lakota Funds Plans Building Native Industry Institute

Credit Courtesy Lakota Funds

  

A community loan fund based on the Pine Ridge reservation has received a $400,000 federal grant to assist Native American entrepreneurs on the Pine Ridge Reservation improve business skills.

Lakota Funds plans to use the U.S. Department of Health & Human Services Administration grant to launch the Building Native Industry Institute. The 3 year initiative will deliver at least 26 business education classes to 625 participants through 11 public access points and an online learning center. 

Read more
Business
1:42 pm
Mon December 16, 2013

Public Water Access Issue Being Discussed At Legislative Session

One of the big issues expected during the upcoming state legislative session is one that’s been debated for more than a decade. It’s a fight over public access to water sitting on private land. Over the past twenty years or so, many sloughs, ponds and wetlands have grown into permanent lakes that border public lands or rights of way. On one side of the issue is the position that the public shouldn’t have access to flooded private land. On the other, sportsmen want to take advantage of these lakes – in legal terms known as non-meandered waters.

  

Read more
Business
1:33 pm
Fri December 6, 2013

Bush Grant Companies Merge

OTA and Pollen are two organizations that connect creative and civic-minded individuals. They will merge to create what they call a regional transformation of communities and ideas in South Dakota, North Dakota and Minnesota. Over the past five years OTA has formed a movement dedicated to 'connecting the disconnected' throughout North Dakota, South Dakota and Minnesota.

Read more
Business
1:23 pm
Fri December 6, 2013

Infrastructure Research And Innovation In SD

A lot has happened in the last 8 to 10 years to make it easier to start a business from an idea. Cara Hetland took a look at the infrastructure surrounding research and innovation in South Dakota with Rich Naser, Executive Director of the South Dakota Technology Business, Mark Luecke, Managing Director and Chief Executive Officer of South Dakota Innovation Partners, and Paul Turman, System Vice President for Research and Economic Development with the South Dakota Board of Regents.

Read more
Business
1:21 pm
Wed November 27, 2013

Seasonal Beers For Winter

The holiday season is a time when craft brewers around the country create rich, dark beers for the winter months.  Brewers capture the festive spirit of the season with flavors and smells like cinnamon, spruce, allspice, gingerbread, caramel, chocolate and smoke.  Corey Vilhauer, one of the authors of the Sioux Falls Argus Leader blog "Beer I've Been Drinking," discussed seasonal brews and suggested a few favorites. 

  

Read more
Business
10:53 pm
Tue November 26, 2013

Local Company Produces Flaxseed Oil Salad Dressing

A company in Milbank has come up with a new way for you to get your daily dose of omega threes. Stengel Oil is taking flaxseeds, known for numerous health benefits, and turning them into salad dressing.

Read more
Business - Tanka - Talks
12:50 pm
Fri November 15, 2013

Tanka Bar Founder Sits-In On Federal Talks

NANF logo
Credit Courtesy Native American Natural Foods

The CEO of a health food business based on the Pine Ridge Reservation has returned home from a conference with President Barack Obama. 

The founder of Native American Natural Foods had a unique opportunity to sit in on meetings between tribal leaders and government agency heads as well as hear the president speak.

Karlene Hunter says she felt honored to be invited to private meetings between tribal leaders from across the country and federal agency representatives. 

Read more
Business
2:47 pm
Thu November 14, 2013

Startup Weekend Movement In Sioux Falls

John T Meyer

Lemon.ly is one of the sponsoring organizations of the weekend event.  Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures.  It is the largest community of passionate entrepreneurs with over 400 past events in 100 countries around the world in 2011.  All Startup Weekend events follow the same basic model: anyone is welcome to pitch their startup idea and receive feedback from their peers.

Read more
Business - Tanka - DC
1:49 pm
Wed November 13, 2013

Lakota Businesswoman Attends D.C. Conference

Native American Natural Foods CEO Karlene Hunter
Credit Courtesy Native American Natural Foods

The CEO of a Native American business based on the Pine Ridge Reservation has been invited to a conference with President Barack Obama. 

What makes the invitation unusual is that the conference is for tribal nation representatives.

Karlene Hunter is CEO of Native American Natural Foods, located in Kyle. The company is best known for its “Tanka Bar” – a natural food product based on a traditional Lakota recipe of buffalo and fruit.

Read more
Business
2:58 pm
Thu October 31, 2013

Black Hills Paranormal Investigations

Mark Shadley, lead investigator/researcher of Black Hills Paranormal Investigations, and co-author of “Haunted Deadwood: A True Wild West Ghost Town,” joins Dakota Midday.  Shadley retired in 2008 after serving thirty years as a southern California police office.  He and his wife, Peggy, a retired crime scene investigator, moved to the Black Hills of South Dakota where they became members of Black Hills Paranormal Investigations.  His interest in the paranormal field was peaked over thirty years ago when he experienced something he believed was paranormal.

Read more
Business
2:51 pm
Thu October 31, 2013

State Of Our Utilities/Infrastructure

Gary Hanson

As part of South Dakota Public Broadcasting’s series exploring the state of South Dakota’s infrastructure, Gary Hanson discusses the state of the areas falling under the purview of the PUC, including electricity, natural gas and telecommunications.  Hanson was elected to the commission in 2003 and re-elected in November 2008. He served as the commission's chairman in 2005, 2008 and 2011.  He represents South Dakota on the National Association of Regulatory Utility Commissioners' Committee on Electricity.  

  

  

Read more
Business
3:09 pm
Tue October 29, 2013

Dropping Fuel Prices

Average retail gasoline prices in South Dakota have fallen 10.1 cents per gallon in the last week, averaging $3.25 per gallon yesterday, according to GasBuddy's daily survey of 628 gas outlets in the state.  The national average fell by 5.9 cents to an average of $3.30.  Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com, explained that last week saw new downward momentum in crude prices for the first time since early July.

Read more
Business - Native - Work
1:05 pm
Tue October 29, 2013

Tribal Members Are "Workin' With Tradition"

The South Dakota Indian Business Alliance enhances Indian business development by leveraging partnerships and resources of diverse institutions and organizations.
Credit South Dakota Indian Business Alliance

More than 20 tribal members from reservations across South Dakota have been certified as instructors in the “Workin‘ with Tradition” training program. The goal of the program is to help individuals in rural Native American communities prepare for successful employment.

South Dakota Indian Business Alliance spokesperson Stacey LaCompte says dealing with the mainstream mindset of employment has been difficult for most Native Americans.

LaCompte says the reservation system set up by the federal government discouraged economic self-sufficiency for several generations.

Read more

Pages