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As South Dakota's four-way U.S. Senate race has nabbed most of the attention in the 2014 election cycle, the two candidates for the U.S. House have quietly gone about their campaigns in very different ways. Two-term incumbent Rep. Kristi Noem, a Republican, and Democratic challenger Corinna Robinson, have almost run tandem campaigns rather than engaging in political battle. Recent polls show Noem with a comfortable lead of in the 20-point range, looking to give the congresswoman her first win without breaking a sweat.
South Dakota's three candidates for governor in 2014 have either enjoyed or endured campaigning mostly out of the limelight as the fluid U.S. Senate contest has grabbed national headlines. One candidate said voters should be sure to pay attention to who is running for governor, because that race matters more to South Dakotans in their everyday lives. "The decisions made in Pierre are so much more important to our day-to-day lives than the decisions made in D.C.," said Democratic candidate Susan Wismer.
As the Great Recession tightened the nation's belt in 2008, the new private company created to run South Dakota's EB-5 immigrant investor program was on the verge of the first of several multi-million-dollar paydays. The private company, SDRC Inc., was incorporated with the South Dakota Secretary of State Jan. 10, 2008, and the corporation began handling EB-5 investments on behalf of the state Jan. 15, 2008. Also on Jan. 10, 2008, SDRC Inc. set up subsidiaries to receive funds from EB-5 investors that could be loaned to businesses.
LA man says he met Gov. Rounds during meeting on $30M loan in South Dakota Capitol.
After nearly four years as chief of staff to Gov. Dennis Daugaard, Mitchell resident Dusty Johnson will be in the Palace City full time starting Nov. 10. Johnson, 38, will be the director of consulting for Vantage Point Solutions, an engineering and consulting firm at 2211 N. Minnesota St. in Mitchell. Johnson is excited about the new job, calling it a "great opportunity," but he is more excited to be with his wife and three sons full time. "I am very excited about that. That is the real prize," said Johnson.
Former Gov. Mike Rounds said he was generally aware that $30 million in financing was being lined up for a faltering Northern Beef Packers in 2010, but also said he was not directly involved in the deal. During an interview conducted in March 2014, when fewer details were publicly available about the deal, Rounds told The Daily Republic that financing was tough to come by because of the Great Recession that hit the nation in 2008. The Daily Republic contacted the Rounds campaign this week, but it did not have any additional statements. "It was in the middle of a national recession.
When a $30 million loan from unidentified off-shore funds was put together for Aberdeen's Northern Beef Packers in 2010, part of the deal was a requirement that the state of South Dakota promised to kick in an additional $10 million. On page 51 of an 87-page loan agreement, the entity making the $30 million loan - Epoch Star Ltd.
When a $30 million came to Northern Beef Packers in the summer of 2010, it kept the faltering Aberdeen plant afloat. It also provided a $950,000 payday for a mysterious Los Angeles firm known as Maverick Spade. That company's website, maverickspadellc.com, touts it's expertise with the EB-5 visa program and "sharp intellect, skilled management and significant capital resources." "Maverick is the world's premier independent alternative asset manager, serving the investment needs of global financial institutions, Asian pension funds and other foreign and U.S.
Democratic Senate candidate Rick Weiland said Friday that he supports his party's call for a special prosecutor for the EB-5 issue. "Unfortunately, there are a lot more questions than there are answers," Weiland said about the program that offered foreign investors green cards in exchange for a $500,000 investment.
Rounds: 'No wrong-doing on the part of Joop Bollen'