Business

Business
2:05 pm
Wed January 2, 2013

New Sioux Falls Research Park

Last month, the South Dakota Board of Regents authorized the University of South Dakota to begin development of a new research park in Sioux Falls.  Laura Jenski, vice president for research at the USD, Rich Naser, Executive Director of the South Dakota Technology Business Center in Sioux Falls, and Dan Engebretson, Chair of Biomedical Engineering for USD, spent a few minutes with Karl Gehrke to explain how the research park will help grow companies in South Dakota.

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Business
1:01 am
Thu December 27, 2012

2012 Strong For SD Exports

Despite what could be considered a sluggish economy nationwide experts say manufacturing exports out of South Dakota showed solid numbers in 2012.
 

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Business
2:10 pm
Thu December 20, 2012

Native American 40 Under 40 Recipient

Native American 40 Under 40 Award winner Nick Tilsen.
Credit Huffington Post

Nick Tilsen, co-founder and executive director of the Thunder Valley Community Development Corporation, was recently selected as one of the "Native American 40 Under 40" award recipients.  Thunder Valley Community Development Corporation is a culturally-based organization on the Pine Ridge Reservation.  Earlier this month, President Obama hailed Tilsen during the White House Tribal Nations summit as someone making great strides among Native Americans.

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Business - Music - Vinyl
10:53 am
Tue December 4, 2012

Record Store Revisits Vinyl

Customers browse through hundreds of records at Black Hills Vinyl.
Credit Photo by Jim Kent

It’s the new millennium; the time of changing technology. Close your eyes for more than a few minutes and your PC can be months out-of-date. That’s just the world we live in – where everything is constantly moving forward.

But on today’s Dakota Digest, we visit a new music store in Rapid City where technology has definitely taken a giant step back – along with some of the movers and shakers in the music industry.

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Business
2:33 pm
Thu November 29, 2012

Cobell Settlement

Thousands of Native American trust landowners could see a $1000 check in the mail before the end of the year.  The money comes from a $3.4 billion settlement in the Elouise Cobell case, following 17 years of litigation over mismanagement of federal lands held in trust for Native American people.  However, SDPB news producer Charles Michael Ray has found that reactions to the settlement are mixed.  Ray is joined by USDA Rural Development State Director Elsie Meeks who addresses economic development in Indian Country and what the changes to the federal regulations governing building homes and

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Business
1:33 pm
Wed November 28, 2012

New Poverty Numbers For South Dakota

The income gap between rich and poor widened at a faster pace in South Dakota than almost all other states between the late 1990s and the mid 2000s.  That's according to a new study by the Center on Budget and Policy Priorities and the Economic Policy Institute.  SDPB news producer Kealey Bultena looks into the numbers and discusses her findings with Dakota Midday host Karl Gehrke.

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Business
5:11 am
Wed November 28, 2012

Examining Poverty In South Dakota

Credit Kealey Bultena / SDPB

In South Dakota, top income earners have more buying power and poorer people can do less with their money. That’s according to recent data released by the Center on Budget and Policy Priorities and the Economic Policy Institute; however, adjusted Census data brings South Dakota’s poverty rate down.  

When economic discussions arise, the poverty line becomes a key factor in examining the difference between the rich and the poor. The poverty line is an absolute, standard dollar amount that acts a threshold to label certain households impoverished.

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Business
5:34 pm
Mon November 26, 2012

Consumers Owe Cyber Monday Sales Taxes

If an out of state on-line retailer doesn’t pay the required sales tax a 2011 state law makes the consumer responsible for submitting the tax to the South Dakota Department of Revenue.

If you indulged in a Cyber Monday shopping spree don’t forget that you may owe sales taxes back to the state.
 
A set of state laws passed in 2011 require on-line retail businesses with locations in South Dakota to collect sales taxes-- but for on-line only businesses the sales tax is supposed to be submitted by the buyer.
 
Here is a link to the State Department of Revenue’s page

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Business
2:34 pm
Mon November 26, 2012

Cyber Monday

Today is "Cyber Monday" and John T. Meyer, Chief Creative Officer for 9 Clouds, a digital marketing and education firm based in Sioux Falls, talks about how the online market has had an impact on traditional brick and mortar retailing.  Meyer also provides advice on keeping your private information safe when shopping online.

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Business
2:23 pm
Mon November 26, 2012

Beginning Farmers And Ranchers

Tuesday the South Dakota Department of Agriculture is teaming up with South Dakota State University to host the first Beginning Farmer and Rancher Symposium.  South Dakota Agriculture Secretary Walt Bones says the symposium will get students thinking past school, while preparing them for the challenges ahead.  According to Bones, 98 percent of South Dakota farms are family owned.

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Business
1:45 am
Tue November 6, 2012

Nunpa Theatre opens in Kyle

The Pine Ridge Reservation's Nunpa Theatre, in the village of Kyle.
Credit Photo courtesy of Angel Reddest

Lakota people looking for an alternative to the sports events that are the primary source of entertainment on Pine Ridge now have a second choice. The village of Kyle is home to the reservation’s first movie theatre.

Angel Reddest has wanted to own a movie theatre for as long as she can remember.

Her dream came true last Friday when the Nunpa Theatre opened its doors to 135 patrons. On the theatre’s two screens were “Pitch Perfect” and “Paranormal Activity 4”.

Reddest says she’s happy to offer her people a nice place to spend an evening.

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Business
4:35 pm
Tue October 23, 2012

Econ. Organizations Support Ballot Measure

More than two dozen South Dakota economic development organizations want voters to support an incentive program for new companies, but opponents question the means of luring new businesses with bonuses.

Referred Law 14 creates a large project development fund, and the governor’s office gains the authority to choose which incoming businesses benefit from state grants.

Slater Barr is the president of the Sioux Falls Development Foundation. He says companies that get the incentive money buy from local businesses and contribute to the state’s tax revenue.

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Business
9:00 pm
Mon October 8, 2012

Tourism Industry Holds Its Own

Mount Rushmore is seeing an increase in visitors this year. Tourism officials are pleased.

While the recession may have a lingering grip on some parts of the country, South Dakota’s second biggest industry is powering forward.

Tourism did well this year.    The visitor numbers at main attractions at like Mount Rushmore are up six and a half percent over last year--industry groups say this reflects tourism growth overall.

SDPB’s Charles Michael Ray has today’s Dakota Digest.
 

Business
10:32 am
Thu October 4, 2012

Hyperion Project Update

This week, Texas company Hyperion did not extend its option to buy or acquire land in Union County on the site of a proposed oil refinery.  Several people have been close to this issue since its announcement in June, 2007.  Oral arguments are being heard today by the South Dakota Supreme Court on an air quality permit.  SDPB News Producer Kealey Bultena has an update from today's hearing. 

Business
7:44 pm
Tue October 2, 2012

South Dakota Lottery

The South Dakota Lottery Commission has adopted a strategic plan in which state government would become more of a financial partner with video lottery businesses.  Meanwhile, the Lottery is looking at adding machines that would accept notes as high as $50 or $100.  South Dakota Lottery Director Norm Lingle joins Dakota Midday host Karl Gehrke to talk about what came out of last Friday's Lottery Commission meeting.

Business
4:17 pm
Thu September 27, 2012

Lawmakers Discuss Tribal Businesses

Kealey Bultena SDPB

South Dakota lawmakers are examining economic issues facing Native Americans. Legislators have several months – and an election – before the new session begins, but they’re holding interim meetings and work sessions. Lawmakers on the State and Tribal Relations committee heard testimony Thursday about stimulating growth in Indian Country. But some businesses are attracting scrutiny.

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Business
1:58 pm
Wed September 26, 2012

South Dakota Unemployment

Douglas Hall of the Economic Policy Institute is the author of a new report released yesterday called "The State of Working South Dakota 2012."  The report shows South Dakota's unemployment rate as better than other states around the country.  However, Hall says the rate is actually double what it was when the recession started.  Because of a growing population, he says South Dakota has to add about 11,800 jobs to get back to the same place unemployment was when the recession began.

Business
4:11 pm
Tue September 25, 2012

New Report Examines SD Economy

cash
Kealey Bultena SDPB

A new report released Tuesday shows South Dakota’s unemployment rate is better than other states around the country, but that doesn’t mean the state is thriving during this economic recession.

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Business
1:02 pm
Wed September 19, 2012

Farmland Prices Not Affected by Drought

Despite drought conditions, farmland prices in South Dakota are increasing. Between early 2011 and this year, cropland prices showed a 29 percent increase across the state. As SDPB’s Cassie Bartlett reports, the current economy and drought have caused people to invest in land.

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Business
1:08 pm
Thu September 13, 2012

BPI vs. ABC News

A Dakota Dunes beef processing company is suing ABC News over reports that aired this spring about the company’s Lean, Finely-Textured Beef.  Attorney Dan Webb filed the lawsuit in Union County Circuit Court Thursday morning, on behalf of Beef Products, Incorporated.  Webb says ABC referred to the beef product as “pink slime.”

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Education
2:09 pm
Tue September 11, 2012

Parents Contemplate Elem. Consolidation

Kealey Bultena

Sioux Falls parents are considering whether their children are better off in older, revitalized school buildings close to home or in a new building that combines two current elementary schools. 

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Business
12:27 pm
Wed August 22, 2012

New SDPB Radio Website

SDPB Radio will be unveiling a new look in September. We hope our audience will enjoy its new features.

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