ADVERTISEMENT

ADVERTISEMENT

State board provides aid to Rapid City businesses

PIERRE -- Two Rapid City companies won state government's assistance Thursday to help finance expansions. B9Creations, through investor SSM, received a $370,500 loan toward purchasing a building. The company makes 3D printers. Forest Products Dis...

PIERRE - Two Rapid City companies won state government's assistance Thursday to help finance expansions.

B9Creations, through investor SSM, received a $370,500 loan toward purchasing a building. The company makes 3D printers.

Forest Products Distributors got a $21,937 South Dakota Jobs grant as 75 percent compensation for state sales and use tax. The company is adding a residential line.

In other action, the state Board of Economic Development approved:

A record $10 million loan to Terex South Dakota in Watertown. The company also received a $2,483,445 reinvestment payment as 100 percent compensation for state sales and use tax;

ADVERTISEMENT

A $123,480 reinvestment payment to 3M Aberdeen as 100 percent compensation for state sales and use tax;

A loan of $1,241,000 to Weisser Distributing for expansion of its online vehicle-parts business in Sioux Falls; and

Grants of $267,000 to Bryant Area Improvement, $454,978 to Colman and $500,000 to Garretson in local infrastructure aid.

Related Topics: GOVERNMENT AND POLITICS
What To Read Next
Throughout the county party election season, stretching from mid-November to the end of January, delegates have succeeded in changing the makeup of key county parties, like Minnehaha and Pennington.
Members Only
“In our industry there aren’t a lot of young people in it. I like the fact that there are a lot of young people in agriculture here,” he said of the Mitchell area.
Members Only
After the departure of longtime superintendent Marje Kaiser and the hiring of Dan Trefz, who recently resigned, advocates say the specialty school needs help from lawmakers to reach its past heights.
Over the past year, the city has been mulling over bringing a secondary water source to Mitchell – a move Mayor Bob Everson said is aimed at positioning the city to grow.