South Dakota allows business to prosper
Monday, April 09, 2018
There are many things happening in our state that lead me to be hopeful about South Dakota’s future, especially in the realm of economic development. Overall, 2017 was a great year in terms of economic development wins. The Governor’s Office of Economic Development helped facilitate deals that total over $735 million in investment and are expected to create more than 1,400 new jobs.
Last July, we broke ground on the Long Baseline Neutrino Facility at the Sanford Underground Research Facility – the old Homestake mine. This Deep Underground Neutrino Experiment will fire a beam of neutrinos from Fermilab near Chicago to huge detectors at the Sanford Underground Research Facility in Lead. The experiment hopes to unravel one of the great mysteries of the universe: the oscillation of neutrinos. This experiment will require a $400 million construction investment in Lead that will have an economic impact of nearly $1 billion.
We also broke ground on a major new soybean processing facility in Aberdeen. When complete, AGP’s soybean plant will be the largest investment in their history, with capacity enough to process 20 percent of South Dakota’s entire soybean crop.