Governors Office of Economic Development

Hand County Commissioners are approving a 9,000 head hog confinement for Ratio LLC.

It’s the first such approval of an animal feedlot aided by the state’s livestock development program. That program reverts taxes collected on the project back to the county.

According to the Governor’s Office of Economic Development, the county could receive up to half a million dollars in incentives from that state program.

JD Wangsness is the Hand County Commission Chair. He says the incentive program didn’t come up during the meeting.

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.

Four entrepreneurs in rural South Dakota each get $10,000 to develop and expand their businesses. The money comes through grants from the Governor’s Office of Economic Development. The money comes with other opportunities to foster their work in the community.

Leaders of the Dakota Rising program say their goal is to cultivate economic growth in rural South Dakota by supporting and encouraging local businesspeople. The organization is designating $10,000 each to four people to expand their businesses.

The EB-5 program will continue in South Dakota after a bill to ban its use failed in Pierre. The Federal EB-5 program gives visas to foreign investors who put a half-million dollars into rural development projects. The program is the center of a scandal involving alleged miss use of state funds. The idea of banning EB-5 in South Dakota, created a lot of discussion in committee.