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Business news

Lakota-Owned Business Opens In Oelrichs

Aug 29, 2016
Photo by Jim Kent

 A Lakota man and his wife have assumed ownership of a business at a Pine Ridge Reservation border town. This might not sound like a major news story...but we visited the couple to discuss what’s becoming a growing trend around Pine Ridge…Lakota owned and operated enterprises.

Just off Highway 385 and 13 miles west of the Pine Ridge Reservation sits the town of Oelrichs. Population 126.

Arrowhead Foods Catches Fire

Jul 25, 2016
Bruce BonFleur / Lakota Hope Ministries

A building in Whiteclay, Nebraska burned down on Monday afternoon. Arrowhead Foods was a total loss.

Bruce BonFleur is the director for Lakota Hope Ministries based in White Clay. He shot video of the fire and says it burned for almost five hours.

Whiteclay sits on the border of the Pine Ridge Reservation where alcohol is prohibited.  The liquor stores in the small town sell millions of cans of beer each year, mostly to tribal residents. But Arrowhead Foods  sold only groceries and no alcohol.  
 

Chynna Lockett / SDPB

The owner of one of Sturgis’s largest biker bars says the new facility is going to be open this year for the rally.

Last year, the Full Throttle Saloon located outside Sturgis near Fort Meade caught fire and burned down.  But Mike Ballard purchased the Broken Spoke Saloon north of Bear Butte earlier this year and is relocating.

Ballard says they are rebuilding the bar in a different building from the Broken Spoke…

New Project Aims To Employ At Risk Teens

Jul 5, 2016
Thrive

There is a stereotype that teenagers like to do reckless and dumb things.  Some research  backs up this notion.  Neurologists have found that teenage brains don’t process risk the same way adults do.

This might be why many teens are drawn to extreme sports… take the X Games for example.

But extreme sports are not usually sanctioned by schools and they require gear, like rock climbing shoes, downhill mountain bikes, and snowboard pants.   

Brexit Could Benefit South Dakota Business

Jun 25, 2016

After Thursday’s vote to leave the European Union, the UK’s business future is still hazy. But for South Dakota, one expert thinks this new opportunity could result in further trade abroad.

Rapid City Chamber of Commerce & Community Conversations

The Rapid City Chamber of Commerce met Thursday morning to reveal a new initiative to promote racial equality in the workplace. It’s a pledge, called “In the Spirit of Mitákuye Oyás’in or We Are All Related” and comes after a yearlong process of identifying social issues in the city.

The pledge to end discrimination in Rapid City businesses came after the Chamber was approached by Community Conversations, an organization formed to address racial inequality.

Courtesy Bush Foundation

During her career Pam Moret spent a lot of time as a leader. Before she retired Moret served as President and CEO brightpeak financial and Senior Vice President Strategic Development at Thrivent Financial.

Courtesy Cuny Communications

The Pine Ridge Reservation has a new banking service that operates on 4 wheels. The “Rolling Rez Bus” brings the Lakota Federal Credit Union to tribal members living in remote areas of Pine Ridge saving them time, gas and money.

Beginning this week and once-a-week from now on, tribal members in the village of Pine Ridge, Oglala or even the remote Red Shirt Table will have access to a bank with the arrival of the “Rolling Rez Bus”.

Matt Paulson

A group of local investors has just launched the Falls Angel Fund targeting early-stage companies with high-growth potential.  Matthew Paulson, Falls Angel Fund Chairman and lead investor; and Rich Naser, Zeal join the program to discuss this new funding opportunity for Sioux Falls area startups.

Courtesy Four Bands Community Fund

The Four Bands Community Fund is celebrating a milestone as it reaches the $1.5 million mark in business loans provided to Native Americans living outside reservations across the state. The organization expanded its target market two years ago from those living on the Cheyenne River Sioux Reservation to a broader client base statewide.

Although the smoothie may not be a traditional Lakota drink, it’s been a staple for Michelle Antone in her business “Edible Arrangements’ – in Rapid City.

Kealey Bultena / SDPB

South Dakotans list agriculture as the number one driver of economic development. That’s according to a recent survey that polled people nationally and gathered data in three separate states. Some people’s perceptions of the economy don’t jibe directly with information from businesses. 

A Wells Fargo and USA Today survey polled South Dakotans to find out which sectors they think contribute to a healthy economy. The top responses in order were agriculture, health care, education, construction, and retail.

2012 Tax Refunds Still Available

Mar 22, 2016

Time is running out for South Dakotans to file their 2012 tax returns.   Millions of dollars are available for tax payers who didn’t file four years ago

Nationally there is over $950 million available for 2012 tax returns alone. The Internal Revenue Service gives tax payers three years to file returns after any tax season. This is possible because there is no penalty for filing late if a refund is due.  Any refunds that remain unclaimed after the three year deadline become property of the US Treasury. IRS Spokesperson Karen Connelly says happens more than you’d think.

Native American Natural Foods Keeps On Growing

Mar 16, 2016
Courtesy Native American Natural Foods

Native American Natural Foods’ Tanka Bar has grown from a small local health food to the most popular snack product sold by Recreational Equipment, Incorporated…commonly known as REI. 

As the Pine Ridge Reservation-based Tanka Bar manufacturer prepared to attend yet another natural foods expo, we visited with company president Mark Tilsen to discuss the growth and popularity of the small-town Lakota business.

Shelly Gardner is an assistant professor of business administration and the trained facilitator of the Icehouse Entrepreneurship Program. Gardner will facilitate the “Entrepreneurial Mindset Academy”. The eight week program begins April 7 from 8:30 – 12:30 each Thursday at Augustana University. This is a partnership with the Technology Business Center.

Rich Naser is the executive director of the South Dakota Technology Business Center, a business incubator launched by Forward Sioux Falls in 2004. This is a resource for innovators and entrepreneurs launching, growing or expanding successful technology-based businesses in Sioux Falls.

Naser also directs the Forward Sioux Falls Research, Technology and Entrepreneurship initiatives which focuses on developing the human capital, early-stage funding and research infrastructure necessary to support high growth businesses, entrepreneurs and innovators.

Nate Welch is the Vermillion Area Chamber & Development Company executive director. He discusses this week’s announcement that Vermillion’s technology center is now at full capacity. The Revolving Economic Development and Initiative (REDI) Fund Loan is credited with bringing two new businesses to Vermillion. Biotest Pharmaceuticals Corporation is based in Boca Raton, Florida, and Navigant Cymetrix Corporation based in Irvine, California, are moving into the 32,000-square-foot-technology center.

Photo by Jim Kent

The village of Whiteclay, Nebraska has long had a reputation as being the primary location for alcohol purchases by members of the Oglala Sioux Tribe. The image of vehicles driving from the Pine Ridge Reservation across the Nebraska border and returning to the dry Native American land has appeared in media outlets around the world. It’s an image that has fueled controversy over the indiscriminate sale of alcohol to residents of a neighboring community where alcohol abuse and addiction run rampant.

Courtesy Lakota Country Times

A Native American-owned newspaper based in Martin has become the first weekly newspaper in South Dakota to offer a mobile app to its readers. But this shouldn’t be a surprise…considering the number of Facebook followers this small-town publication has. 

The Lakota Country Times is the largest Lakota-owned and operated independent color newspaper. The publication has sections created by Native schools in the area as well as being the legal paper for the Rosebud and Oglala Sioux Tribes.

Courtesy Black Hills Pioneer

The Black Hills Pioneer is celebrating its 140th anniversary this year. Founded in 1876, the northern Black Hills publication is the oldest newspaper and business in Western South Dakota. We visited with publisher Letitia Lister at the Pioneer’s Spearfish offices to discuss the paper’s early days and history as well as what role it plays in the community today.

New BHFCU TV Commercial In Lakota

Jan 31, 2016

If you live in the Black Hills area you may have seen a recent commercial entirely in Lakota on TV.

It’s an advertisement for the Black Hills Federal Credit Union and it’s airing on every broadcast and cable TV network in the Hills area

Credit Union officials say they want to reach out to Lakota people in their own language.

Two Lakota versions of the BHFCU commercial are circulating, one with the Lakota female dialect and one with the male.  A third version of the commercial is in English.

Dakota Midday: Chef To Plate

Nov 19, 2015
www.cheftoplate.com

It's Global Entrepreneurship Week and guest host Jackelyn Severin welcomed Moriah Slade, owner and creative director of Chef to Plate, a new Sioux Falls-based business that offers healthy family meals to go.  Slade shared her experience in starting a new business in South Dakota.

Businesses Offer Vets Veterans Day Discounts

Nov 10, 2015
Courtesy American Legion

Veterans Day is the time we honor those men and women who have served our country as members of America’s armed forces. And though communities across the country participate in this national day of recognition with parades and a variety of other celebrations, hundreds of businesses – large and small – also do their part to say “thank you” to our veterans. SDPB’s Jim Kent has more.

Dakota Midday: BH Power VP On Clean Power Plan

Nov 10, 2015
Black Hills Power

We’re continuing a series of interviews on energy and the environment with a conversation with Vance Crocker Vice President of Operations for Black Hills Power.

Last week we heard from Dr. Bull Bennett  an author of the Third National Climate Assessment on the necessity to deal with global warming.

Courtesy Cuny Communications

The Cheyenne River Sioux Tribe is working with the City of Pierre to establish a plan that would assist tribal members in filling employment needs in the state’s capital. SDPB’s Jim Kent visited with the Mayor of Pierre and a Cheyenne River Sioux tribal spokesperson to learn more about joint plans to fill at least some of the city’s 600 job openings.

In a way, networking and building community in the digital age is easier than a generation ago.  A new connection in your field of work is sometimes just a Facebook click away.  But there is more to building community, business relationships and innovation than just social media.  This is where the group Pollen comes in.  The non-profit is based in Minnesota and the Dakotas.  Pollen is attempting to build cross community networks and relationships that spur new ideas and possibilities in the three-state region.  Pol

Kealey Bultena / SDPB

The conversations of Dakota Midday on Tuesday, September 29, 2015 are woven together with an economics thread.

Workforce initiatives can't rely on the quality of jobs in South Dakota if they want to attract people from other regions. Research shows the way younger people choose careers is different than you might expect. J. Mac Holladay is the founder and CEO of Market Street Services based in Atlanta, Georgia. He explains why place may matter more than a certain kind of employment.

Dakota Midday: Creativity Week 2015

Sep 24, 2015
www.thecreativecapital.org

Creativity Week 2015 begins Friday in Brookings.  It's a week-long festival celebrating the creatives in the Brookings community - everything from artists to local business, lectures to architects, music and everyone in between.  Scott Meyer, "brofounder" and Head of Business Development at 9 Clouds Digital Marketing talked about the Creativity Week schedule.  A full listing of events can be found at www.thecreativecapital.org.

SD Secretary of State

Efforts to improve tribal state relations and new economic development in Indian Country are continuing in South Dakota.  
 
The Secretary of State Shantel Krebs is reaching out to tribes and forming new memorandum of agreements that help tribal governments maintain commercial codes that are a foundation for economic development.
 
Tribal business leaders say they welcome the efforts but add that much more work is needed to boost tribal sovereignty, smooth state relations, and pave the way for improved economic development.

Rally Temp Vendor Sales Tax Revenue Skyrockets

Sep 15, 2015
Chynna Lockett

One early indicator shows the 2015 Sturgis Rally topped all previous records by a large margin.

The sales tax revenue generated from temporary vendor booths for this year’s rally is 76 percent higher than last year.

Temporary vendors who came in for the rally brought in about $2.4-million in sales taxes. 

Lori Haupt  is with the South Dakota Department of Revenue.  

She tracks Sturgis Rally tax receipts year by year and she says 2015 blew past all previous records.

Courtesy Clinton Foundation

The executive director of a Native American Community Development Financial Institution was recently invited to attend a gathering of the Clinton Global Initiative. SDPB spoke with Tanya Fiddler to ask what it was like to offer her perspective on economic development in Indian Country at a forum that reaches leaders from around the world. 

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