Business

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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Business - Hot Springs - Plunge
1:45 am
Mon May 5, 2014

Evans Plunge Re-Opens Under City Ownership

"The Plunge" after its re-opening under ownership of the City of Hot Springs.
Credit Courtesy City of Hot Springs

The Evans Plunge has been an important part of the small southern Black Hills town of Hot Springs for more than a century. Its warm waters have helped soothe those with physical ailments as well as provide a place for recreational activities to visitors and local residents alike. 

We visited “The Plunge” after its recent Grand Re-Opening to talk to community members about their views on the popular water spot’s new owners: the city of Hot Springs.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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. 

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