When many states are still struggling to recover from tough economic times, South Dakota has much good economic development news to share.
I'm pleased that our mainstream media is paying attention to South Dakota's economic success stories. Doing so helps spread positive business news, buoying consumer confidence and encouraging further economic growth in our state.
Editorials from our state's newspapers recently have discussed the positive impact Northern Beef Packers at Aberdeen will have on South Dakota. While we are enjoying this great news out of Aberdeen, it is a perfect time to showcase some of South Dakota's other recent economic development success stories.
In the last three months, there have been numerous major economic development announcements in South Dakota. They include:
o Adams Thermal Systems in Canton is expanding and adding 50 new jobs -- the company's fifth addition to its Canton campus since 2005
o Eleutian Technology opened a teaching center in Spearfish, adding 50 new job so For the second time in two years, Madison-based Custom Touch Homes is expanding and adding 50 new jobs
o In late June, a dedication ceremony was held for the $363 million Crow Lake Wind Project near White Lake
o Dakota Trailer Manufacturing in Yankton is expanding and adding more than 60 newjobs. In the last six years, the company has grown from an eight-person operation to a 140-employee firm
o CORBON Ammunition opened a Law Enforcement Training Center in Sturgis. The state-of-the-art firearm training center is unlike any other in the Midwest
o Ohio-based Equity Trust Company is opening a customer service center in SiouxFalls and creating up to 30 new jobs in the next 18 months
o For the third time in 10 years, Innovative Systems in Mitchell is expanding and adding 30 new positions Also, just last month, South Dakota's Gross Domestic Product (GDP), a measure of the state's productivity by value of goods and services produced, was released. South Dakota saw a 4.28
percent increase and outpaced the national average for GDP growth.
My No. 1 priority as Governor is to create good, new jobs and expand the economy. Doing so will also grow our tax base, allowing more funding for those things we find important.
I again applaud South Dakota's media outlets. You have shown that there is room for good news in this state. The creation of jobs for South Dakotans is good news for today and even better news for tomorrow.