Parkston's MDS Manufacturing gets $600,000 REDI Fund loan for expansion
PARKSTON — MDS Manufacturing Co., based in Parkston, announced this week it will expand its operations with the help of a $600,000 Revolving Economic Development and Initiative (REDI) Fund Loan.
The Board of Economic Development approved the loan earlier this month.
“Agriculture is South Dakota’s number one industry. It generates economic activity and employs many South Dakotans,” said Gov. Dennis Daugaard. “With an industry that large, we need companies like MDS who serve the agricultural community. I hope this loan will help MDS to expand and create more jobs so they can continue to produce the things our farmers and ranchers need.”
Steve, Brian and Brad Hohn operate the family owned company, which was established in 1976. MDS manufactures skid-steer, tractor-loader, telehandler and wheel-loader attachments for major brands of equipment in North America. MDS plans to add 15 to 20 jobs with the REDI Fund Loan.
“Knowing our state is committed to economic development made our decision to expand an easy one,” said Steve Hohn, president of MDS. “Thanks to the funding from the REDI Fund Loan Program, we were able to purchase the necessary equipment to make our organization more efficient and allow us to meet the production needs required to fill the orders we are faced with. Our expansion will create jobs in Parkston and as we all know, that is key to the economic engine of any community.”
According to David Lambert, director of Regional Development for the Parkston Area Development Corp., all three Hohn brothers are loyal to Parkston and actively involved in the community. They serve on the city council and various boards, are involved with the Parkston Commercial Club and also assist with renovation projects at city parks and high school athletic programs.
“The Hohn family is incredibly gracious. Growth can cause a business to consider different locations. However, they chose to stay in Parkston,” said Lambert. “Business expansion is important to MDS and because Steve and his brothers have a vision and passion for the business and their community, they recognize the value of local economic development.”
— Source: Governor’s Office of Economic Development