FOR IMMEDIATE RELEASE

October 24, 2025

Contact: Josie Harms

Gov. Rhoden Announces Solution to Support Airport Expansion

PIERRE, S.D. – Today, Governor Larry Rhoden announced a solution to support the expansion of the Sioux Falls and Rapid City airports. This upcoming legislative session, the Governor will bring legislation to provide 0% interest loans of up to $15 million for each airport to support their current expansion efforts.

“This investment will make a huge difference – not just for Sioux Falls and Rapid City, but for all South Dakotans,” said Governor Larry Rhoden. “We’ve seen huge increases in travelers coming through these airports. With more gates, more flights, and more destinations, we’ll able to draw more visitors and keep our state Open for Opportunity!”

Since the start of the Noem-Rhoden Administration in 2019, travelers through the Rapid City airport have increased by 30%, and travelers through the Sioux Falls airport have increased by 25%.

Governor Rhoden’s proposal utilizes the same funding approach that supported the Douglas School District during the 2025 legislative session and will not create any additional costs for South Dakota taxpayers.

In 2023, the Noem-Rhoden Administration set aside $200 million to support career housing in South Dakota – $100 million in grants that were quickly invested and $100 million in loans that have been partially utilized. That investment drove substantial growth in career housing across South Dakota. Of the original $100 million in loans, approximately $65 million remains. Governor Rhoden’s proposal moves this remaining funding into the Revolving Economic Development and Initiative (REDI) Fund, and some of that will support this airport investment.

From this funding, the Board of Economic Development may make 0% interest loans of up to $15 million for each airport. The loans must be closed and funded by June 30, 2030.

"Smart economic development involves doing the right thing, at the right place, at the right time. This proposal is a prime example of smart economic development, and it will lead to big wins for South Dakota,” said Bill Even, Commissioner of the Governor’s Office of Economic Development.

This announcement was made at a press conference at the Sioux Falls Regional Airport, where the Governor was joined by both Sioux Falls and Rapid City leadership.

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