Governor’s Office of Economic Development

Lt. Gov. Larry Rhoden, second from left, participates in a ceremonial groundbreaking for Gevo's Net-Zero 1 project near Lake Preston on Sept. 15, 2022. (Courtesy Lt. Gov. Larry Rhoden/Twitter)

State board backs bonds for Lake Preston biofuel project

BY: - May 10, 2023

A massive aviation biofuel project in Lake Preston got a $187 million boost from the Governor’s Office of Economic Development (GOED) on Wednesday.  GOED’s Finance Authority Board of Directors signed off on bonding of up to $187 million for Gevo Net-Zero 1 without any debate or discussion during its monthly meeting in Pierre.  The bonds […]

The South Dakota Capitol building in Pierre. (Getty Images)

Most out-of-state worker recruitment cash goes unspent

BY: - May 5, 2023

A few years ago, an economic development office in Yankton asked for and received access to $100,000 from the state to train local employees and recruit out-of-state workers. The funding helped pull in a manufacturing quality manager, two professors, a vice president of enrollment, an accountant and a fire chief from states including Illinois, Nebraska, […]

Houses under construction. (Getty Images)

$200 million in housing infrastructure funding likely to lie dormant for a second year

BY: - April 20, 2023

A $200 million pool of housing infrastructure funding will likely go unspent for another construction season, despite efforts by lawmakers to push the money out in 2023. The interim director of the South Dakota Housing Development Authority broke that news to the Legislature’s Executive Board Thursday during its first meeting since the end of the […]