FOR IMMEDIATE RELEASE

April 9, 2024

Contact: Sarah Ebeling

Millions to be Invested in Rural South Dakota with New Dairy and Small Business Expansion

PIERRE, S.D. – The Governor’s Office of Economic Development (GOED) Board of Economic Development and the Economic Development Finance Authority (EDFA) acted at this month’s meeting, approving an up-to $55 million bond and a $155,000 loan. The financing for these two projects reflects a capital investment of nearly $191 million and will bring a projected 102 full-time jobs to South Dakota.

“South Dakota’s economy is thriving thanks to continued growth for the ag industry and for our small businesses,” said Governor Kristi Noem. “My Office of Economic Development is working alongside these businesses to help them be successful.”

Riverview LLP of Kingsbury County requested a Livestock Nutrient Management Bond issue for up to $55,000,000 in qualified tax-exempt expenses for the purpose of acquisition, site preparation, and solid waste management for their dairy operation. Kingsbury County Dairy will be home to 15,000-20,000 milking cows and will add a projected 100 full-time employees.

SWAT Properties LLC of Yankton was approved for a SD Works loan of $155,000. Funding will help with construction of a new facility for SWAT Chiropractic and Rehab, housing clinic and gym space and allowing for future expansion. This clinic will add a projected two full-time employees.

“Being able to provide funding to businesses throughout the state advances everyone’s success,” said Deputy Commissioner Chris Schilken. “Our office is fortunate to work with growing businesses across the state.”

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