Business

Business
2:06 pm
Thu May 21, 2015

Dakota Midday: Summer Travel

Storybook Land in Aberdeen.

With the summer travel season in clear sight, Wanda Goodman, Deputy Secretary with the South Dakota Department of Tourism, said last year's state tourism records are likely to be broken.  She shared last year's figures and visited about popular tourist attractions.

Meanwhile, Patrick DeHaan of GasBuddy.com said fuel prices should remain steady in the mid-$2 range throughout the season.

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Business - Gathering - Native
12:39 am
Tue May 19, 2015

Native Business Gathering In Deadwood

Fur trading at Fort Nez Perce in 1841 (from an image by Joseph Drayton 1795-1856). Many Native American tribes had thriving businesses centered around the fur trade long before the Westward expansion of the United States.
Credit Public Domain - Wikipedia

Native American business owners and tribal leaders will gather with representatives from lending institutions and government agencies for the 2015 South Dakota Indian Business Conference in Deadwood this week. Native entrepreneurs and aspiring entrepreneurs will learn about the successes and challenges in creating an Indian business.

The biennial South Dakota Indian Business Conference has become a “must attend” for anyone interested in starting, maintaining or assisting a Native-owned business, says Tanya Fiddler.

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Business
5:41 pm
Mon May 18, 2015

"Oil To Die For"

"Oil To Die For" is a new interactive documentary from Black Gold Boom producer Todd Melby.  The documentary explores how North Dakota became one of the most dangerous places to work in America.  It also examines the circumstances surrounding the tragic death of Dustin Bergsing, a 21-year-old well watcher, who died on the job.  Melby's new project debuted Monday at www.blackgoldboom.com.  Users can watch interviews, access court documents and browse through the details at their own speed.

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Business
3:14 pm
Tue May 12, 2015

Dakota Midday: 'Little Business On The Prairie'

Credit The Center for Western Studies

A recent survey from Forbes ranked South Dakota fourteenth in the magazine’s list of the best states for business. It put South Dakota at the top for the cost of doing business. In 2013, CNBC named South Dakota “America’s Top State for Business.”

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Business
1:21 am
Mon April 27, 2015

Farmers Face Possible Drought And Market Drop

The high fire danger in February of 2015 is one indicator of the dryer than normal weather in many parts of South Dakota so far this year.

Officials in the agriculture industry are eyeing a drop in the price of corn and other crops grown in South Dakota, on top of that the state as seen a record dry spell in the start of 2015.

The drought and lower commodity prices are making many farmers cautious about spending.   Ag is the number one industry in South Dakota and the slowdown is already having ripple effects on some sectors of the state economy.

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Business
2:49 pm
Tue March 31, 2015

Dakota Midday: When Citibank Came to South Dakota

Governor Bill Janklow helped push the usury limit bill through the state legislature that led to Citibank moving its credit card operations to Sioux Falls.

When Citibank moved its credit card operations to Sioux Falls in 1981, the company promised to bring some 400 jobs to the area. Today Citibank employs around 2,300 workers. 35 years ago, Sioux Falls’ population was around 80,000 with an economy built on agriculture and meat packing. Today the city’s population has more than doubled at nearly 170,000 and the economy has grown and diversified.

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Business
2:49 pm
Thu March 5, 2015

Dakota Midday: USDA Farm Survey

Credit SDSU Extension

The total number of farms and ranches in South Dakota decreased last year by about 300 from 2013. That’s according to numbers recently released by U.S. Department of Agriculture’s National Agricultural Statistics Service.

There were 31,700 farms and ranches in the state last year. Numbers of farms and ranches with less than $100,000 in agricultural sales declined by 400 compared to 2013 while operations with more than $100,000 were up by 100.

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Business
1:50 pm
Tue March 3, 2015

Dakota Midday: Consumer Protection

Credit Charles Michael Ray SDPB

This is National Consumer Protection Week. The South Dakota Attorney General’s Consumer Protection Division is joining federal, state and local government agencies and national organizations in a coordinated campaign encouraging consumers to take full advantage of their rights and make better-informed decisions.

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Business
2:20 pm
Mon March 2, 2015

Dakota Midday: Economic Growth Ahead in Midwest

Mid-America Business Conditions index

A new survey of business leaders in South Dakota and eight other Midwest and Plains states suggests that economic growth lies ahead over the next three to six months. That’s according to the latest monthly report  from Creighton University’s Mid-America Business Conditions Index.

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Business
1:33 pm
Fri February 13, 2015

The OWN

Samantha Ellis discussed a new platform from which women can run their businesses.  It's called The OWN and is based in Rapid City.  Freelancers, skilled professionals, crafts women and even CEO's of existing businesses can use the network community and facility.

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Business
2:37 pm
Tue February 10, 2015

Dakota Midday: A Good Time for Vinyl Records

Black Hills Vinyl
Credit Black Hills Vinyl

Last year was another bad one for the music industry. Sales of compact discs and digital albums fell for another year as more music fans consumed music through on-demand streaming services. But the sales of vinyl records - which seemed like a dead format after the introduction of the CD  - grew by 52 percent in 2014.

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Business
2:34 pm
Mon February 9, 2015

Dakota Midday: New Program Helps Emerging State Leaders

Since September, 40 members of the inaugural Leadership South Dakota class have visited several communities around the state for insight on the organizations, businesses and industries important to the state. This weekend they’re in Sioux Falls exploring health and financial services. As the first year of the program ends this spring, applications for the second open in March.

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Business
2:49 pm
Wed February 4, 2015

Dakota Midday: New Project Aims to Boost Cheyenne River Reservation Cultural Tourism

A new initiative has been launched by a Native American non-profit on the Cheyenne River Reservation to help boost the local economy through cultural tourism. Over the next two years, Four Bands Community Fund will implement the “Rediscovering Native Art on Cheyenne River” project to assist artists in marketing their work. Tanya Fiddler, executive director of Four Bands, says that Cheyenne River offers unparalleled beauty and a rich cultural experience for visitors. She says the project will help people on the reservation to embrace that culture and think of it as an asset.

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Business
2:21 pm
Tue January 20, 2015

Dakota Midday: Economic Development in Indian Country

Carl Artman
Credit U.S. Department of the Interior

As the former Assistant Secretary of the Interior for Indian Affairs, Carl Artman oversaw the BIA during the Bush Administration between 2007 and 2008.  Artman is a member of the Oneida Tribe of Wisconsin and a professor at the Arizona State University College of Law. He’s director of the University’s Tribal Economic Development Program.  SDPB’s Charles Michael Ray spoke with Artman for Dakota Midday about efforts to build economies on tribal lands in South Dakota.

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Business
3:12 pm
Tue December 23, 2014

South Dakota's Small Business Climate

Jeffrey Hayzlett.

South Dakota is consistently rated one of the best small business states in the country. Jeffrey Hayzlett, C-Suite Networks Chairman and C-Suite TV host for Bloomberg Television, thinks 2015 will be no different. Hayzlett is a graduate of Augustana College in Sioux Falls. As someone who has global business experience and has established businesses from New York to Los Angeles, Hayzlett knows all that South Dakota has to offer the industry.

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Business
2:54 pm
Tue December 23, 2014

Wiese Joins Farm Rescue

Credit Farm Rescue

Flandreau native Dennis Wiese recently joined Farm Rescue, a one-of-a-kind nonprofit organization that provides planting, harvesting and haying assistance free of charge to family farmers who have suffered a major injury, illness or natural disaster. Wiese, who was president of the South Dakota Farmers Union from 1993-2005, serves as Farm Rescue's director of development. Farm Rescue is based in Jamestown, North Dakota. It was launched by Bill Gross in 2005. Wiese discussed Farm Rescue on Tuesday.

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Business
3:28 pm
Mon December 8, 2014

Tolstoy Farm Operation Diversifies For Success

Eric Johannsen is a fourth-generation farmer/rancher/outfitter near Tolstoy. He, along with his father and brother, operate their 5000 acres which have been in the family since the 1920s using a highly managed and sophisticated combination of no-till farming of corn and wheat, CRP grasslands, natural sloughs, wooded shelter belts and food plots.  The land generates profits and maximizes wildlife populations.  SDPB's Joe Tlustos visited the Johannsen's operation last week.

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Business
2:12 pm
Tue November 25, 2014

Dakota Midday: Better Business Bureau Tips for Holiday Shopping

Several major retailers are getting a jump on Black Friday by opening on Thanksgiving. Black Friday is the unofficial start to the holiday shopping season with stores offering special deals. Over the past few years, online retailers have been offering discounts as well on Cyber Monday. Jessie Schmidt with the Better Business Bureau in Sioux Falls joined Dakota Midday with safe shopping tips.

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Business
2:55 pm
Fri November 14, 2014

Sioux Falls Made Market Coming Soon

Jodi Schwan, Editor of the Sioux Falls Business Journal, discusses the first Sioux Falls Made Market December 5, 2014, at the Sioux Falls Argus Leader.  Schwan says the makers movement taps into the American culture that says if you can dream it, you can make a living with it.  She says incubating start-up commerce leads to new businesses.

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Business - Food - Tanka
3:51 pm
Mon October 13, 2014

Tanka Fund Jerky Bar Thunders Into Pow Wow

The Tanka Fund Jerky bar.
Credit Courtesy Native American Natural Foods

A Native American business located on the Pine Ridge Reservation is introducing a new product this weekend at the Black Hills Pow Wow in Rapid City. The Tanka Fund Bar is intended to not only be a healthy snack, but a means of bringing the buffalo back to Native Americans.

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Business
2:44 pm
Tue August 19, 2014

Luncheon Series to Discuss Building South Dakota Communities

Eva Aldrich, President and CEO of CFRE International
Credit CFRE

Much of the strength of South Dakota’s rural communities is built upon the work of volunteers in non-profit and non-governmental organizations. Leaders interested in learning how to continue making South Dakota a better place to live, work and play are invited to series of luncheon conversations next week in Rapid City, Aberdeen and Mitchell. 

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Business - Lakota - Credit
2:38 pm
Mon August 18, 2014

Lakota Federal Credit Union Calls For More Members

Members line-up to make transactions at the Lakota Federal Credit Union.
Credit Photo by Jim Kent

A financial institution on the Pine Ridge Reservation is giving Lakota tribal members the opportunity to conduct banking transactions within close proximity to their homes for the first time in history. The Lakota Federal Credit Union also allows tribal members to not only save money, but to invest in fellow tribal members.

But you can’t save or invest unless you open an account and make deposits.

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Business
3:33 pm
Fri August 15, 2014

Accelerator Boot Camp

Credit South Dakota Technology Business Center

Cara Hetland hosted today's Innovation program from the South Dakota Technology Business Center in Sioux Falls where she visited with several entrepreneurs at the annual Accelerator Boot Camp.  Pam Boehm, Entrepreneurship and Incubation Manager at the Technology Business Center, discussed this year's boot camp.

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Business - Custer - Burgers
6:22 am
Fri August 8, 2014

Black Hills Burger & Bun Named Best

Black Hills Burger and Bun's "Classic Burger" with cheddar cheese.
Credit Photo by Jim Kent

A restaurant in the Black Hills town of Custer has been named the best place in America to buy burgers by the travel website Trip Advisor. In a country where 40 billion burgers are consumed annually, that’s quite a moniker to live up to. Today we visit “Black Hills Burger and Bun” to find out what patrons think of the eatery’s new status and to do a little taste-testing himself.

Like the greater majority of people in America, I love a good burger. And though I eat a good many of them from my own kitchen…..

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Business - Lakota - Fund
1:40 pm
Fri August 1, 2014

Lakota Funds Grows

Lakota Funds executive director Tawney Brunsch.
Credit Courtesy Lakota Funds

A community loan fund based in Kyle is taking steps to build its internal capacity to serve the needs of growing and larger businesses on the Pine Ridge Reservation.

The goal is to increase awareness of business financing solutions on the reservation and ultimately impact the creation or expansion of 30 businesses.

Lakota Funds has assisted in the start-up of hundreds of small businesses on the Pine Ridge Reservation since it was founded 28 years ago.

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Business
1:36 pm
Thu July 3, 2014

Better Motivation Through Empathy

The question of how to motivate people to do their best work has always been a challenge for executives and managers. The “carrot and stick” approach of rewards and punishment has been the traditional method for inspiring worker motivation.

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Business - Lakota - Coffee
11:50 am
Fri May 30, 2014

Hoka Coffee Creates Rez Brew

Hoka! Coffee - on the Pine Ridge Reservation.
Credit Courtesy Hoka! Coffee

The Lakota are known for their strong cultural beliefs and traditions, their respect for all creatures – especially the buffalo, their sense of humor and their love of gatherings – large and small – that revolve around food. Always present at these gatherings – regardless of the season, is coffee.

Today we visit with a young woman on the Pine Ridge Reservation who decided to honor her own love of the coffea shrub – and that of the Lakota people – by establishing her own coffee company.

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Business
2:12 pm
Thu May 22, 2014

A Conversation With Mark Tilsen

Native American Natural Foods co-founder Mark Tilsen.
Credit www.tankabar.com

Mark Tilsen is co-founder of Native American Natural Foods, that company that makes the Tanka Bar.  The company is headquartered in Kyle on the Pine Ridge Reservation.  The company's vision includes staying on Pine Ridge to help create jobs and improve economic development.  This spring, Tilsen was invited to speak before a Congressional committee in Washington, D.C.  He discussed the challenges of creating business in Indian Country.  SDPB news producer Charles Michael Ray visited with Tilsen after he returned from the nation's capital.

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Business
2:34 pm
Wed May 21, 2014

Sioux Falls Businesses Look To Bakken

Paul Hegg.
Credit Hegg Companies

Paul Hegg, President and CEO of Hegg Companies, Inc., delivered a keynote address at last week's South Dakota Real Estate Investors Association meeting.  His presentation, "5 Reasons Sioux Falls Entrepreneurs Need to Expand to the Bakken Today," detailed specific actions Sioux Falls small business owners can take advantage of an unprecedented expansion on South Dakota's border.

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Business
10:37 am
Wed May 14, 2014

SD Education, Business Work In China

One business agreement between a South Dakota company and a Chinese industry is a done deal. Business, education, and political leaders from South Dakota are in China this week on a trade mission. Governor Dennis Daugaard says the deal has been in the works, and it happened to come together while the delegation is in Asia. The governor hasn’t disclosed additional details.

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