Vermillion raises $2 million for economic development

Oct. 9, 2019

The Vermillion Area Chamber & Development Company has raised more than $2 million for its five-year Vermillion Now 3 campaign.

The goal was $1.7 million when the capital campaign started in May.

Vermillion Now 3 was designed to fund changes and improvements in the amenities and infrastructure of Vermillion, create jobs and improve workforce retention, and help facilitate strategic, collaborative leadership.

The campaign has three goals:

  • Shift the commuter-to-resident ratio from 41 percent to 35 percent.
  • Increase the number of young professionals living in the area.
  • Increase the total population of the area by 4 percent.

“These resources will make it possible to achieve the goals we have set for the future of Vermillion,” said Nate Welch, CEO of the organization. “The continued support of the community through donations to this campaign will turn dreams for Vermillion into a reality.”

The campaign drew a number of investors, including the University of South Dakota/USD Foundation, the city of Vermillion, Clay County, Polaris, First Dakota National Bank, Sanford Health, Sanford Vermillion and the Dakota Hospital Foundation.

Sixty percent of investors were new, and 90 percent of previous campaign investors returned.

“I’m proud of where we have come and the direction we are moving in as a community,” Mayor Jack Powell said. “I have seen many changes happen these past 10 years since the inception of Vermillion Now, and I am excited for the future of Vermillion, thanks to the dedication of the Vermillion Area Chamber & Development Company and anyone who has contributed to the Vermillion Now 3 campaign.”

Vermillion raises $2 million for economic development

The Vermillion Area Chamber & Development Company has raised more than $2 million for its five-year Vermillion Now 3 campaign.

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