June 14, 2024

Ten businesses and communities have received funding awards from the Governor’s Office of Economic Development.

GOED’s board of economic development approved six loans and two grants, and the Economic Development Finance Authority authorized two bond resolutions. The projects reflect a capital investment of more than $121 million and the creation of 148 full-time jobs.

Sioux Falls-based BibiSol LLC, which is opening a restaurant inside The Carpenter Building in downtown Sioux Falls, received a South Dakota Works loan of $57,300. The money will help support improvements to the space, which used to be Mrs. Murphy’s Irish Gifts, and help purchase furniture, fixtures and equipment.

That was the only project in Sioux Falls. The following also received funding:

• Plainview Dairy LLC near Toronto was authorized for up to $25 million in Livestock Nutrient Management bonds. When issued, the bonds will be used for solid waste management and disposal at the new dairy.
• Wildrose Dairy LLC near Brandt was authorized for up to $4.8 million in Livestock Nutrient Management bonds. When issued, the bonds will be used for solid waste management and disposal functions at the expanding dairy farm.
• Midstates Inc. in Aberdeen was approved for a South Dakota Works loan of $800,000. The loan will be used to purchase printing equipment.
• JMP Design and Catering in Madison was approved for a South Dakota Works loan of almost $550,000 to construct and furnish an event venue.
• RF Holdings LLC of Watertown was approved for a $364,000 SD Works loan to construct a building and purchase equipment for Active Heating Inc. as part of the business expansion.
• Never Too Busy Construction in Lennox was approved for a $46,500 SD Works loan to purchase an existing construction business.
• Grant County Development Corp. in Milbank was approved for a REDI loan of $426,025 to purchase land for an industrial park.
• The city of Canton was approved for a Local Infrastructure Improvement Program grant of $423,000. The grant will be used to extend a street and related infrastructure within the Canton Industrial Park.
• The city of Dell Rapids was awarded an Economic Development Partnership Program grant for $1,000. The funding will be used for economic development training.