GGoing Beyondoing Beyond
ANNUAL REPORT OF DEVELOPMENTS
2023
PAGE 3
BOARD OF DIRECTORS
Steve Kolbeck Xcel Energy, Chairman
Ryan Boschee First Interstate
BancSystem, Vice Chairman
Kent Cutler Cutler Law Firm, Treasurer
Clark Meyer Knife River South Dakota,
Secretary
Kurt Loudenback Grand Prairie Foods,
Past Chairman *
Clint Ackerman Signature Companies
Raquel Blount Lloyd Companies
Dr. Brett Bradfield University of Sioux Falls
Chris Ekstrum The First National Bank in
Sioux Falls
Jeff Fiegen Fiegen Construction *
Kira Kimball Marsh & McLennan Agency
Randy Knecht Journey Group
Julie Lautt Avera Health
Dave Link Dakota State University
Tony Nour First PREMIER Bank
Karla Santi Blend Interactive
Keith Severson
Al Spencer
CAJ Enterprises, Inc.
Steve Watson ISG
Scott Wickersham Viaflex, Inc.
* denotes retiring Board Member
Ex-Officio Members:
Erica Beck
City of Sioux Falls
Gerald Beninga Minnehaha County
Marshall Selberg Sioux Falls City Council
Jim Schmidt Lincoln County
MESSAGE FROM THE CHAIRMAN
A Great Year. A Great Future…with planning
This past year has been a whirlwind for me with my first year as a State
Senator, Chair of the Development Foundation and addressing all the
changes taking place in the corporate world given inflation, interest rates
and the focus on energy and how we produce it. I do need to thank the
Foundation Board of Directors and the staff for making tough decisions
and for implementing policy and programs that continue to address our
challenges and move the organization forward. Aside from the fact that
there’s never a dull moment, 2023 has been great and the future continues
to look bright with proper planning and strategic thinking.
As we reach the end of 2023, the Development Foundation has touted
the success of Foundation Park to dispel the myth of “Flopdation” Park
when Foundation, State and City leadership announced the park in
2015. With nearly 500 acres sold to date, creating thousands of jobs and
millions in new tax base, the activity for land development and companies
wanting to expand or relocate to Sioux Falls remains consistent. We have
leveraged our partnerships and our relationships with the City to continue
to accomplish our mission and expand our strategic thinking. More
successes will come.
Our workforce development efforts have revolutionized how we help
businesses and the community recruit talent utilizing our relationships
with educational institutions, human resource and marketing professionals
to promote the Sioux Falls region as “THE” place to have a career. As a
community growing by 5,000+ new residents each year, we know our
efforts are paying off. While we still have one of the lowest unemployment
rates in the country, we continue to do everything we can to make the
Sioux Falls region their first choice.
With success, however, comes challenges. The past two months the
Foundation Board took time and engaged many of our partners in reviewing
our successes and setting a course for the future of the Foundation as it
relates to the growth of Sioux Falls. Land development, preferred business
targeting, existing industry assistance, resource allocations, continued and
improved workforce development initiatives, redevelopment, housing and
childcare were all on the radar. As we continue to grow as a community and
as an organization, we need to be very aware of our community needs and
be flexible and open to utilizing the Development Foundation’s assets and
expertise to help address these issues.
I have truly enjoyed my time leading the Sioux Falls Development
Foundation and thank all of our investors, partners, staff and fellow Board
members for their time and talents. We have a strong organization, and I
am confident we will continue to grow, problem solve and make a positive
difference in our region. Thanks for your support.
Steve Kolbeck
MISSION
To collaboratively create quality
economic growth and workforce
development in the Sioux Falls MSA
to improve our quality of life.
290,000
Metro Area Residents
119,000
Households
18.3 Minutes
Average Commute Time
74.6%
Labor Participation Rate
DEMOGRAPHICS
PAGE 5
LAND SALES & STATSECONOMIC DEVELOPMENT
FOUNDATION PARK 2023 AT A GLANCE
2,355
TOTAL ACRES
~150
BUSINESSES
~12,000
EMPLOYEES
PARK INFRASTRUCTURE
DEVELOPMENTS
DEVELOPMENT PARKS
• $7.1M in Foundation Park North Roads, Water, Storm Sewer Development
• $1.8M in Foundation Park South Sanitary Sewer Development
CROSSROAD
LOCATION
I29 & I90 ACCESS
CLASS 1 RAIL
FRONTAGE
ZONED I2
950+ ACRE
INDUSTRIAL PARK
The Sioux Falls Development Foundation has been in the land development business going back 50 years with
most of the development taking place north of downtown around the airport. As the community continued to
grow, the Foundation acquired land on the outskirts of the city.
Foundation Park is the largest industrial park developed by the Development Foundation. In total it
encompasses over 950 acres, is served by BNSF Railway, and is located at the northwest quadrant of I-29 and
I-90. Foundation Park has attracted large tenants in Amazon, FedEx Ground, FedEx Freight, Lineage Logistics,
Owens & Minor, Avera Health and CJ Foods. In total 441 acres have been sold to date, encompassing ten tenants.
As land in the southern portion of Foundation Park has sold, the Development Foundation has developed
the infrastructure needed for future development north of the railroad tracks. In the spring of 2023, the
Development Foundation moved forward with underground work for water, sewer, utilities, and fiber; and
paving roads within the Park.
In 2023 the City of Sioux Falls annexed 135 acres east of I-29 adjacent to North Kiwanis Avenue, land the
Development Foundation had acquired. This land is viewed as long term inventory to expand industrial
development once parcels in Foundation Park are sold and developed.
As the Sioux Falls population exceeded 200,000 and the MSA creeps closer to 300,000, it’s crucial to have larger
tracts of land with the necessary infrastructure installed so they are build-ready.
NATIONAL MARKETING EFFORTS
Monthly Marketing Campaign to National Site
Selectors
Broker Partner & SFDF Digital Marketing
Campaign
Attended Mid-America Competitive Conference &
Site Selector Forum
Attended the Logistics Development Forum
Attended Area Development’s Consultant Forum
ECONOMIC DEVELOPMENT
ACTIVITY
LAND SALES
SETZER PROPERTIES, INC 43 Acres
BROOKWOOD CAPITAL, INC 23 Acres
$705,700,000
Capital Investment
6,687
Number of Building Permits
4,000
Jobs Growth
$
January – September
January – October
$964,300,000
Total Value of Construction
$
4
5
13
12
New Projects Initiated
GOED RFI’s Submitted
Prospect Hostings
Groundbreakings Hosted
January – October
January – October
PAGE 6
Furniture Mission Great Plains Zoo Lions ExhibitGlory House Apartments
Electronic Systems Inc.
Orthopedic InstituteNorthwest Elementary School River Greenway Phase III
Sioux Falls Regional Airport Parking Ramp South Dakota One StopSociety of St. Vincent de Paul
Huether Family Match Pointe Expansion Jacobson Plaza McCrossan School Addition & Renovation
GROUNDBREAKINGS
HOSTED BY SFDF
FALLS AREA DEVELOPMENT
CORPORATION
A year ago, in partnership with the City of Sioux Falls, the Development Foundation Executive Committee
recognized an opportunity to leverage expertise, knowledge, and collaboration to achieve new, additional
strategic goals. These goals include supporting the community’s housing plan, optimizing land use efficiency,
and securing the long-term investment potential of the Sioux Falls area for decades to come.
To honor the legacy of the Development Foundation and preserve its mission, this expanded scope of strategic
land development is operated by the Falls Area Development Corporation in partnership with the Development
Foundation. Today, staff are actively engaged in two significant projects. The first is a collaboration with the
Friends of the Riverline District, focusing on the redevelopment of land east of downtown. The second project
aligns with the City’s 2026 Housing Action Plan to secure infill lots and increase density and available housing
units.
With additional projects currently in the discovery phase, excitement grows as the partners embark on this new
era of real estate development, dedicated to the betterment of our community. The enduring success of the
Sioux Falls area can be attributed to various factors, with a core principle echoed from Forward Sioux Falls: “a
rising tide lifts all boats.” We firmly believe that transformative regional achievements are realized when private
businesses, governmental bodies, and nonprofits unite toward common goals, setting aside competition for the
shared good.
Land development endeavors, be it under the Sioux Falls Development Foundation or the Falls Area
Development Corporation, rely significantly on strong partnerships. Partners eagerly anticipate the continued
fostering of collaborations in the years ahead, recognizing that public-private partnerships yield greater
outcomes. These benefits encompass everything from meaningful employment to fostering business growth,
supporting families, and enhancing the overall quality of life in the region. The Development Foundation’s
mission, aimed at fostering collaborative economic growth and facilitating workforce development in the Sioux
Falls Metropolitan Statistical Area, remains the driving force behind these initiatives.
PAGE 9
Startup Sioux Falls empowers founders and ignites innovation
by providing innovative programs and a collaborative
community for founders.
Startup Sioux Falls has been operational in its new downtown
location for eight months and built momentum through
stakeholder and facility engagement, membership, and
meeting space revenue growth, as well as visibility through
community partnerships.
As part of the new operational model, Startup Sioux Falls
remained focused on accelerating pre-seed to growth-stage
support for the vibrant startup community that has been
reinvigorated over the past three years. The mission remains
the same - empowering founders with resources to network,
launch and grow their ventures here in Sioux Falls.
By September 30, 2034, Startup Sioux Falls will serve 100,000
people and help 100 startups grow. Growth will be measured
by both percentage of revenue growth and profit growth, as
well as growth in number of employees.
Startup Sioux Falls provides the following
programs & services:
Flexible Office & Coworking Space
Meeting Space
Programs that support the entire startup journey
• Pre-accelerator Bootcamp
• CO.STARTERS Business Accelerator
• GROWCO for scaling businesses
Networking Events & Educational Workshops
Mentorship Network
Resource Navigation
Startup Sioux Falls programs & services
meet the needs of:
Entrepreneurs seeking to start or expand within the Sioux Falls region.
Remote workers looking for a community-based place to work.
Business leaders looking for space for creative collaboration.
Startup Sioux Falls hasn’t done this work alone. The support of partners and advocates is how this work is made possible. Startup Sioux Falls
is anticipating a year of change as they capitalize on the momentum gained with the relocation. The team will focus on providing high-
quality service to existing clients and continue to innovate events, programs, and services to meet the needs of today’s entrepreneurs.
FY 2022-2023 SUCCESSES
Close to complete execution on relocating from the Zeal
Center to downtown Sioux Falls.
Selected as 1 of 50 grant recipients from over 700
applications for a $1 million SBA Community Navigator Pilot
Program Grant.
Through grant partnerships, built relationships with
organizations, partners, and stakeholders to better support
underserved founders.
Founding Members (Sold Out) for its downtown space.
Reached 80% goal on capital campaign.
Narrowed focus to increase impact.
Successful capital campaign.
Established a new brand and built awareness about Startup
Sioux Falls.
Published the organization’s first ever annual report.
Continued to develop EOS processes and internal processes.
A talented and committed team and an engaged board of
directors.
The first Spanish-speaking cohort of CO.STARTERS
conducted through a partnership with LSS Center for New
Americans and the Hispanic Chamber of Commerce.
Supported the USD Beacom School of Business’s Coyote
Business Consulting program.
METRICS
3,500+ Total People Served
1,950+ Number of attendees at events and meetups in fiscal
year 2022-2023
300+ Startup Sioux Falls Members (Social Club, Hot Desk,
Dedicated Desk)
139 CO.STARTERS Business Accelerator Participants
56 Mentorship Connections made
86 People served through resource navigation program
9 CO.STARTERS cohorts launched through grant partners
reaching underserved populations
684 Total workshop attendees across 17 workshops funded
through the Community Navigators Pilot Program
UNIVERSITY OF SOUTH DAKOTA DISCOVERY DISTRICT
The first building in the USD Discovery District is one step closer to becoming a reality. Bids for theconstruction
of the multi-tenant building which will include office space, laboratories, and other amenities to accommodate
both current and future tenant prospects were awarded September 20, 2023.
The collaborative process involving project architect ISG, Construction Manager at Risk McGough Construction
and USD Discovery District and USD Facilities Management personnel resulted in a Guaranteed Maximum Price
below estimate.
Site preparation began on September 26 with footings and foundation to be completed by the end of the year.
Project completion is scheduled for late 2024.
The USD Discovery District, an 80-acre research park under development in northwest Sioux Falls, is focused
on creating a dynamic and collaborative environment where talent, research and innovative businesses
interact to create new ideas, technologies and opportunities impacting our region and our world.As a public-
private partnership among the University of South Dakota, the City of Sioux Falls, the State of South Dakota,
the South Dakota Board of Regents and Forward Sioux Falls, the USD Discovery District is committed to
fostering economic development by creating an environment where university assets, research, and
the private sector collaborate.
HEALTH SCIENCES CLINICAL SIMULATION CENTER
Southeast Technical College’s new state-of-the-art simulation
center will allow hundreds of additional students to train for
careers in the medical field. The Healthcare Simulation Center
will be housed in the former Zeal Center for Entrepreneurship
and provide simulated emergency room and clinical settings
in training student nurses, sonographers, surgical technicians,
paramedic science and laboratory technicians. Three new
academic programs – Respiratory Therapist, Behavioral and
Mental Health Technician, and Medical Lab Technician will come
online when the facility opens. The project represents a $10
million investment from Avera Health, Sanford Health, Forward
Sioux Falls, and the State of South Dakota. The facility will be
operational in January 2024.
PAGE 10 PAGE 11
SPIRIT OF
SIOUX FALLS
SCHOLARSHIP RECIPIENTS
Each year the Sioux Falls Development Foundation
awards up to four Spirit of Sioux Falls scholarships
to Sioux Falls residents or students who have
completed at least one year of post-secondary
work in business-related areas of study within
Sioux Falls. The scholarships were established
by the Sioux Falls Development Foundation
in 1993 to honor the memory of Roger Hainje,
Angus Anson and David Birkeland, Sioux Falls
business and economic development leaders.
Winners of the 2023 Spirit of Sioux Falls
$5,000 Scholarship include:
Kim Ueng, a graduate of Washington High
School attending Augustana University.
Ueng is majoring in Accounting, Finance,
and Business Finance.
Joshua Jackson, a Lincoln High School
graduate. Jackson is attending Purdue
University majoring in Aerospace
Financial Analysis.
SPIRIT OF SIOUX FALLS AWARD
The Spirit of Sioux Falls Award is given annually to a
person who has demonstrated leadership and commitment
to the economic growth and development of our community.
The award honors the memory of David Birkeland, Angus
Anson, and Roger Hainje who perished in the plane crash
along with Governor Mickelson and other state officials
and staff in April of 1993.
Forward Sioux Falls, the area’s leading economic
development program, continues its pursuit to elevate
the area’s return on investment.
Investors have trusted the program to augment workforce and economic retention, attraction and development
efforts for over 35 years. The collective impact which includes robust initiatives taking place within the Sioux
Falls Development Foundation are moving the needle in pursuit of the following five-year program goals:
Serving as a collaborator/convenor between the public and private sectors, Forward Sioux Falls is helping to
bring significant projects to life such as the Health Sciences Clinical Simulation Center, the USD Discovery
District and the DSU Cyber Security Research Center.
The success of Sioux Falls has not happened by accident. Deliberate decisions throughout the years have
identified and addressed challenges and opportunities, placing our community on a national pedestal, and
resulting in countless accolades. Forward Sioux Falls looks forward to building on this success throughout the
remainder of the current program and beyond.
2008 Mark Griffin
2009 Jim Wilcox
2010 Steve Crim
2011 Steve Egger
2012 Sylvia Henkin
2013 Larry Ritz
2014 Dale Froehlich
2015 Dana Dykhouse
2016 Tom Walsh
2017 Craig Lloyd
2018 Governor Dennis Daugaard
2019 Evan Nolte
2020 Steve Metli
2021 Tom Kelley
2022 Mark Shlanta
1994 Al Schock
1995 Russ Greenfield
1996 Lyle Schroeder
1997 Curt Kuehn
1998 Charlie Kearns
1999 Gary Olson
2000 David Christensen
2001 Jack White
2002 Tony Bour
2003 Linda Barker
2004 Steve Kirby
2005 Governor Mike Rounds
2006 Tom Everist
2007 T. Denny Sanford
RECIPIENTS INCLUDE:
4,500
direct jobs at or
greater than the
median wage
$500M
in new capital
investment
300
existing
companies
assisted
25,000
new residents
to our
community
12
talent - workforce
- diversity
programs
1,000
new housing
units
The Foundation honored the
memory of the Spirit of Sioux Falls
with a commemoration event on
April 19, 2023. Mayor TenHaken
proclaimed the day as Economic
Development Leadership Day in
Sioux Falls.
PAGE 12 PAGE 13
Success is measured annually using Key Performance Indicators to track progress on five-year commitments
made to Forward Sioux Falls partner organizations, including:
Talent and Workforce Programs to engage students, employees, businesses, and organizations.
Managed 14 programs and 389 events to help 141 Forward Sioux Falls partner organizations connect to talent.
Direct Workforce Connections measure how many participants are involved annually in one of Sioux Falls
Development Foundation’s 14 Talent and Workforce programs.
22,536 people were connected to 141 Forward Sioux Falls partners.
Digital Impressions are created through recruitment and engagement campaigns measuring the number of
touchpoints designed to “lift” and sell Sioux Falls. Workforce programs made 4.3 million digital impressions.
Post Secondary Relationships with colleges and universities includes partnering with career advisors,
educators, and college students on one of six talent attraction programs available to Forward Sioux Falls
partner organizations.
Expanded collegiate partnerships with 308 colleges and universities.
Engaged 3.4 million college students studying skilled and professional areas critical to the community’s current and
future workforce needs.
Experiential Learning Programs using job shadows and internships connected early career talent to Forward
Sioux Falls investor businesses.
Over 80% success rate in helping graduating seniors prepare to become first-generation college students, including 28
Build Dakota and other significant scholarships.
Connected 1,096 high school and college students to 90 Forward Sioux Falls partner organizations.
In the fiscal year 2023, the Development Foundation launched two new certificate programs to support health
and law enforcement and will launch a third certificate for manufacturing in early 2024.
FREEDOM WORKS HERE CAMPAIGN
The Sioux Falls Development Foundation was invited to partner with the Governor’s Office of Economic
Development on the “Freedom Works Here” workforce recruitment campaign to spread the message that
South Dakota is the best state in the country to live, raise a family, do business, and so much more. The
Foundation is excited to welcome these prospective new residents to Sioux Falls and South Dakota!
To date, the Development Foundation has received contact information for over 5,000 individuals who’ve
expressed interest in relocating to South Dakota. The Foundation will reach out to these individuals and
connect them with jobs and opportunities in Sioux Falls.
Talent and Workforce are fundamental to the health
and well-being of the Sioux Falls economy and region.
The Development Foundation’s commitment to the
community, businesses, and Forward Sioux Falls partner
organizations has long and short-term outcomes to meet
the demands of a growing and diversified economy.
WORKFORCE DEVELOPMENT ACTIVITIES
WORKFORCE
INITIATIVES
FY 2023
UPSKILL SIOUX FALLS
In partnership with SD GOED and Southeast
Technical College trained 117 new CDL drivers and
managers, increasing the quality supply of drivers
within our community.
INTERN SIOUX FALLS
In partnership with 23 Forward Sioux Falls partner
organizations, the Development Foundation
welcomed nearly 300 interns to our community.
Career Connections FY 2023 – 2024 Overview
796 286
6
90
202
STUDENTS
GROUP JOB
SHADOWS
SCHOOL
DISTRICTS
FORWARD SIOUX FALLS
BUSINESS PARTNERS
INTERNSHIPS
4.3M IMPRESSIONS
399.4K INTERACTIONS
29K VISITS TO
SIOUXFALLS.COM/WORK
WORK SIOUX FALLS CAMPAIGN RESULTS
6.7K EMPLOYER CARD CLICKS
TARGET
GEOGRAPHIES
WORK SIOUX FALLS
2023 marked the third year of the WORK
Sioux Falls initiative.
Digital ads across multiple platforms spread
the message that Sioux Falls is a great place
to live and work by directing viewers to
www.siouxfalls.com/work, an online listing
of local employers with open positions.
May – October 2023
WIN IN WORKFORCE SUMMIT 2023
The Development Foundation hosted the sixth annual WIN in
Workforce Summit on November 1, 2023, welcoming over 600
attendees from nearly 150 organizations to share and engage
talent and workforce best practices as the community and
economy continue to grow and prosper.
Mayor TenHaken kicked things off with Talent Talk: Get to
Know the People Changing our Workforce Landscape, before
introducing U.S. Olympian, author, and non-profit advocate
Nancy Kerrigan as keynote speaker.
THANK YOU TO OUR SPONSORS Avera Health, Sanford Health, Black Kanyon, City of Sioux Falls, Forward Sioux
Falls, University of Sioux Falls, University of South Dakota, and the Greater Sioux Falls Chamber of Commerce.
PAGE 14 PAGE 15
Developed by Enclave, Alloy One and
Alloy Two are concrete tilt-up industrial
spec buildings in the master planned
Griffith Park development located at the
northeast corner of North Career Avenue
and West 60th Street North. The facilities
encompass 145,200 and 94,500 square feet
respectively on 19.2 acres within the 80-acre
development and represent a $19.5 million
investment.
Construction wrapped up earlier this year
on ARS, a Tecta America Company’s new
40,000 square foot facility. The operation
is located on 5.82 acres in Sioux Empire
Development Park VIII and represents a $4.5
million investment.
Black Tie Components, a start-up, is
operating out of a new 60,000 square foot
state-of-the-art manufacturing facility
in the Hartford Industrial Park. The firm
created over 30 jobs with plans to ramp up
to 70 employees in three years. The facility
represents a $5 million investment.
Construction is underway on three
contractor shops in the Canton Industrial
Park with a total of nine at full build-out
over the next year or two. The initial shops
encompass 20,000 square feet.
CaveGamers, a vintage video game resale
company, will operate out of a new 54,000
square foot warehouse facility west of I-29
between 12th Street and Madison. The
development represents a $7+ million
investment for the growing company.
A new facility for the pharmaceutical label
printing division of CCL Label spans 117,962
square feet. Construction wrapped up
earlier this year on the 7-acre site located
at 1401 North Terry Avenue. The facility
represents an investment of $30+ million.
A new 40,000 square foot addition to
Dakota Digital will house the company’s
sales, tech support, production,
warehousing, and shipping departments.
The project, located in Sioux Empire
Development Park VII, represents a $10
million investment.
Construction is underway on an additional
facility for Dakota Fluid Power. Located at
1801 East 39th Street North near Benson
Road and I-229, the facility represents a
nearly $6 million investment.
Decker Sales broke ground on a 33,600
square foot facility in the Canton Industrial
Park. The heavy machinery repair business
will create 20 new jobs in the community
when operational.
A new office headquarters, design studio
and shop for Deffenbaugh Homes will
anchor a 44-acre development along
Veterans Parkway south of Maple Street.
T&T Granite & Quartz will be located in the
development as well. Road construction
and sitework are currently underway.
DSG Waterworks opened a new
waterworks facility at 5101 North 9th Avenue.
The 30,000 square foot building represents a
$5+ million investment for the company that
supplies materials for municipal and rural
water system projects.
An 18,500 square foot, $3 million addition
was completed earlier this year joining two
separate facilities together. The addition
increased production floor space for
Electronic Systems, Inc. by 50 percent. The
company plans to add 25 positions.
A new 96,000 square foot manufacturing
and office headquarters for Engineered
Truss Systems, a Lloyd Cos. owned floor and
roof truss company, is under construction.
Scheduled to open early 2024, the new
facility is located within the Rovang
Industrial Park in Brandon. The company
anticipates employing 75 when fully
operational.
A 43-acre site in Foundation Park is under
development for FedEx Freight. The 54,000
square foot facility and site represent a
$25 million investment. Fall of 2024 is the
expected operational timeline.
First Manufacturing in Humboldt expanded
with a new facility earlier this year. The
expansion provided 22,000 square feet of
space to house their sales and marketing
teams as well as their warehouse and
distribution operations.
A $30 million, 200,000 square foot industrial
spec building located in The Docks, a 52-acre
industrial park near I-90 and Marion Road,
was completed. The facility was developed
by North Dakota-based Great Hall
Properties of Fargo. Aerostar International
LLC occupies 78,000 square feet of the
facility. The site provides room for two
additional facilities of the same size.
Henkel broke ground late 2022 on a
35,000 square foot expansion of its thermal
interface material adhesives production
facility in Brandon. The expansion will create
approximately 20 new jobs and represents a
$30 million investment.
Hegg Cos. is continuing to develop the
108-acre park on the west edge of Brandon.
The mixed-use development includes a
127,000 square foot facility for their modular
construction division with two production
lines employing 125. The campus will have
the capacity to store 240 mods. Additional
plans for Encore Park consist of 300 housing
units in a mix of apartments and town
houses, land for industrial uses, and a 21,000
square foot Fareway Store.
JDS Industries is undergoing an addition
to their warehouse space at the company’s
1800 East 57th Street North headquarters.
The expansion represents a $5 million
investment by the company that continues
to grow.
K&J Trucking, at 1800 E 50th Street North,
is expanding with a $5+ million expansion of
their facilities.
L.G. Everist constructed a new $13+ million
ready-mix plant on the southeast corner of
I-29 and the Harrisburg interchange. The
site encompasses 50-acres for expansion
purposes. The new plant will double the
company’s capacity in the area to 300 yards
an hour.
A new $30 million campus is under
development for Maguire Iron. The
30-acre site will include three buildings
totaling 115,000 square feet – a corporate
office headquarters, fabrication facility,
and maintenance facility. The facilities are
scheduled to open early 2024. The campus
is part of a larger 170-acre development
northwest of I-90 and I-229 called Sioux Falls
Industrial Park.
A 15,000 square foot addition wrapped
up at Marmen Energy’s wind tower
manufacturing plant. The expansion will
create 50 new positions, bringing the
Brandon facility to 250 employees.
INDUSTRIAL & WAREHOUSE
DEVELOPMENT
OFFICE, COMMERCIAL & MEDICAL
DEVELOPMENTS
Muth Electric and Muth Technology
will join operations in a new facility in
Foundation Park. The company purchased 7
acres of land for a 20,000 square foot facility
to house operations and provide room for
100 employees.
Development is underway on the 35-acre
New Hope Industrial Park in Crooks with 10
of the 17 lots sold prior to groundbreaking.
The Park represents a partnership between
the City of Crooks, the Crooks Development
Corporation, DGR Engineering, The First
National Bank in Sioux Falls, Alliance
Communications, Xcel Energy, and the
Johnson Family.
North Central International, a truck
dealership, is building a new 54,000 square
foot facility and repair shop at 5131 North
Healy Lane near I-90 and Cliff Avenue. The
new building represents an $8.5+ million
investment for the growing company.
Virgina-based Owens & Minor and Avera
Health will share a 330,000 square foot
warehouse facility on 23 acres in Foundation
Park. The facility is scheduled for occupancy
Spring 2025. Approximately 50 people
will operate out of the distribution center
for PPE equipment coordinating medical
supply logistics. The facility will also house
Avera’s centralized pharmacy services,
biomedical engineering department, print
shop and courier operations.
P&M Steel added a new painting facility at
their 4401 North Westport Avenue location.
The addition represents a $1.3 million
investment by the company.
Presidio Components, a San Diego-based
manufacturer of ceramic capacitors,
purchased 13.66 acres in Sioux Empire
Development Park VIII to house their
manufacturing campus. The 80,000 square
foot multi-facility campus will house 115
employees when operational and represents
a $12 million investment in Sioux Falls.
Construction is wrapping up on a 105,000
square-foot facility for Scherer, Inc.in
Foundation Park. Located on 10 acres, the
company plans to add 20 new jobs when
operational. The expansion represents a $24
million investment in new facilities.
SiteWorks purchased 3.46 acres in Sioux
Empire Development Park VIII East for a
new 14,200 square foot shop and office
facility. The facilities are currently under
construction.
Sioux Valley Energy broke ground on
a 32,500 square foot expansion of their
Brandon facility in June to house additional
offices, warehouse, and training space. The
project is scheduled for completion by the
end of 2024. To meet the expected demand
for power, SVE and its power supplier, East
River Electric, will be investing an estimated
$55 million in electric infrastructure in
Minnehaha County over the next five years.
Smithfield Foods built a new state-of-the-
art wastewater treatment system, replacing
a majority of their existing infrastructure.
The $45 million investment adds additional
processes and capabilities, improving water
quality.
A Lennox area business specializing in
custom milling services is expanding with a
new showroom and mill in the community.
The facility for Southeast South Dakota
Rough Sawn Lumber at 13,500 square feet
nearly triples the size of the company’s
previous footprint.
A new 109,000 square foot building is under
way for Thornton Flooring. The new facility,
located in the Bakker Landing development
is scheduled for completion spring 2024.
A new warehouse and showroom houses
Worthington Ag Parts’ Capello brand corn
heads and parts. The $3 million facility is
located at 5400 North Annika Avenue in
Sioux Empire Development Park VII.
With the acquisition of property at the
intersection of Minnesota and Russell,
Xcel Energy plans to expand operations to
better serve their Sioux Falls service area.
The service center expansion includes
a renovation of the existing building
for warehouse operations and a 51,431
square foot shop expansion to house fleet
mechanics. The site will provide additional
storage space for materials and fleet
equipment. The $20.5 million expansion
is scheduled for completion in December
2024.
Avera opened the 3-story, 86,400 square
foot medical center at 26th Street and
Veterans Parkway in the Dawley Farm
Village development. The facility includes
a free-standing emergency department,
lab, imaging services, urgent care, family
medicine and other specialties. The main
hospital campus cafeteria is undergoing a
$2.5 million renovation.
The Bancorp Inc. became a South Dakota-
based corporation with a national charter
and headquarters move. The company
will create an additional 80 jobs and is the
anchor tenant in the 200,000 square foot
The Bancorp at Cherapa Place building.
The centerpiece ten-story facility includes
retail, office space, and luxury condos. The
building is connected to the original office
complex through a 5,000-square-foot, two-
story community event space and deck
overlooking a new courtyard and existing
riverfront amphitheater. ISG, Eide Bailly
and MarketBeat are also anchor tenants.
The $225 million Cherapa Place expansion
includes two additional multistory mixed-
use buildings. The six-story buildings,
The Clark and The Dakota, will add 236
apartments. Collectively, the new buildings
at Cherapa Place will include over 60,000
square feet of retail space with restaurants,
bar, SiSu Fit, Iv&co, and other offerings. The
development includes a 650-stall parking
ramp.
The need for additional space led to a new
facility for Banner Associates. Located at
3900 North Northview Avenue, the 14,000
square foot, two-story office houses the
company’s 30-member professional and
technical engineering crew and represents
a $6 million investment.
A new two-story office building is under
construction for Boen & Associates at 81
Gardens. Located on the former Landscape
Garden Center property along South
Minnesota Avenue, the 7-acre site will
include multiple retail buildings. Jersey
Mike’s and T-Mobile have secured locations
in the development.
PAGE 16
The 50-acre Brandon 90 Plaza
development includes 27 acres for
commercial development with a 17-acre
lake. Construction is underway on an
8,800 square foot building for Heartland
Appliance. Additional tenants will include
Jimmy John’s and Starbucks.
Casey’s General Store is expanding in the
market with another new gas station and
convenience store at Benson Road and
Louise Avenue. The $3.5 million store is
nearing completion.
Work was completed earlier this year on the
two-story 11,500 square foot renovation of
the office building at 625 South Minnesota
Avenue. The facility was purchased by
Century Business Products and houses
their corporate headquarters.
Comfort Inn & Suites is the newest
addition to the Sanford Sports Complex.
The four-story, 86-room hotel development
nearing completion represents a $10 million
investment creating up to 30 new jobs.
National chain, Crunch Fitness, is opening
their largest location in Sioux Falls in the
former Gordman’s store on the Empire
Mall campus. The $6 million buildout is
underway.
The Dawley Farm Village development
in eastern Sioux Falls features new retail
and service options with Buff City Soap,
Crumbl Cookies, Cooks & Bakers Kitchen,
SafeSplash Swim School, and Pizza Hut,
with Nekter Juice Bar and Starbucks
coming soon. Phase 2 of The Carlton at
Dawley Farms, a mixed-use apartment with
40,000 square feet of commercial space,
wrapped-up and a Blue Tide car wash is
under construction.
Dillard’s is scheduled to open spring 2024 in
the Empire Mall. Renovations are underway
on the former Younkers space and 40,000
square feet of new space will be added. The
store will create 100 new jobs in the market.
North Dakota-basedFirst International
Bank & Trustpurchased, renovated and
moved into the 18,500 square foot former
First PREMIER Bank headquarters on
the southwest corner of 14th Street and
Minnesota Avenue. The team will grow to 50
employees with the addition of this facility.
The First PREMIER Bank operation center
is moving to the former Esurance facility at
3509 North Louise Avenue after a $6+ million
remodel of the facility is wrapped up.
Located along Veterans Parkway south
of 57th Street, the 200-acre mixed
use Harvest Creek development will
encompass retail, office, multi and single-
family housing. The development will
include a 10,000 square foot Dollar Tree
that is under construction and slated to
open early 2024, a 25,000 square foot
Nyberg’s Ace Hardware, and two retail
strip centers for small shops.
Journey Group moved team members
into the 16,000 square foot headquarters
office addition at 4500 West 58th Street
early this year. The $20 million expansion
doubled the size of the facility.
Kwik Trip is investing nearly $20 million
with six Kwik Star brand convenience
stores, gas stations and car washes under
construction or recently completed in the
region. Sioux Falls locations include the
northwest corner of East 57th Street and
Graystone Avenue, 6301 East 41st Street,
8401 West 32nd Street and 3310 North Cliff
Avenue stores. Additional locations include
Brandon and Harrisburg.
The newest additions to Lake Lorraine,
the 130-acre mixed-use development
adjacent to I-29 at the 26th Street Exit,
include Jane Lee Studio, Baking up a
Storm, Chick n Max, Dairy Queen, The
Sonography Studio, and national retailer
Five Below occupying 10,000 square feet
of a 15,000 square foot building, as well
as Color Splash Studio and Starbucks.
Residents moved into Blu on Lorraine, a
six-story apartment complex that opened
mid-summer.
A Lewis Family Drug Store is nearing
completion. The new store, in partnership
with Sanford Health, is located on the
northwest corner of Madison and Veterans
Parkway.
Makers Exchange is under construction in
the Bakker Landing development adjacent
to I-29 and the Tea Exit. The 10,000 square
foot barn-style facility will provide space for
50 local makers and vendors to display and
sell their products.
Midcois moving its corporate officeinto
the Lumber Exchange building at 101
South Reid Street downtown and starting
improvements to their facility at 4020
West Cayman Street. Approximately 50
senior executives and teams for marketing,
communications, human resources, legal
and finance will move downtown spring
2024.
The former 12,000 square foot Monick Pipe
facility on East 8th Street downtown was
recently renovated. Monick Yards, a new
event venue that can accommodate up to
400 guests, opened in October.
Orthopedic Institute is constructing a
new facility on eight acres in the Bakker
Landing development south of 85th Street
and west of Interstate 29. The two-story,
70,000 square foot clinic and office facility
is scheduled for completion in 2025.
Sanford Health continues to invest
millions with major upgrades including
a $1.4 million park for pediatric patients,
neighborhood services, and virtual care.
A new 237,000 square foot five-story MB1
will house gastroenterology services on
the main campus and include a 400-stall
parking ramp. The $64 million facility is
scheduled to open mid-2024. A nine-story,
205,000 square foot Orthopedic Hospital is
under construction. Operational fall 2025,
the $161 million facility will offer 19 inpatient
rooms, 12 operating rooms, medical suites,
an intraoperative MRI machine and a
56-room hotel on the top two floors. A
new 26,500 square foot clinic is nearing
completion on the northwest corner of
Madison and Veterans Parkway on 12
acres with an additional clinic planned at
the northeast corner of 57th Street and
Veterans Parkway; both in partnership with
Lewis Drug. Construction continues on
the Virtual Care Center scheduled to open
in 2024. The 60,000 square foot facility is
located at the Sanford Sports Complex.
Stadium Crossing, a 20-acre mixed use
development on the northeast corner
of 69th Street and Cliff Avenue, is under
construction. The development includes
a 258-unit apartment building with a
two-story clubhouse and a combination
of retail centers including one for Cookie
Co., Year Round Brown, Gloss Nails, and
Starbucks. The development also includes
a B&G Milkyway and a Casey’s General
Store that is under construction.
The $225 million development on the
former Sioux Steel site downtown broke
ground in August 2021. The Steel District
will include a 900-stall parking ramp with
20,000 square feet of office and retail
including The Commonwealth gastropub,
the Pavilion Museum Store and Pasque
Boutique. The ramp will be surrounded by
95 apartments and 18 condominiums. The
District also includes a nine-story, 174,000
square foot office tower with restaurants
on the main floor; and a 216-room Canopy
by Hilton. C&B Operations LLC moved
their headquarters to Sioux Falls and will
occupy the top two floors of the office
tower, FNBO will occupy 3,000 square feet
for its loan production office and trust
business, Holmes Murphy & Associates
occupies 10,000 square feet on the third
floor and Lloyd Companies moved to the
office building as well. Additional tenants
include Philadelphia Insurance Cos,
Robins Kaplan LLP, IFAM Capital, with
Burger Dive and Smack Shack scheduled
to open next spring.
Vern Eide is expanding operations with
a new Indian Honda site at 4800 North
Westport Avenue. The facility represents
an $8 million investment.
Redevelopment of the former Gage
Brothers 30-acre site on West 12th Street
called The Crossroads, is home to Voyage
Federal Credit Union’s $2.2 million, 3,500
square foot relocated branch.
The Willows Edge 180-acre mixed-use
development is underway. Thirty-acres
designated for commercial development
includes a new 12,000 square foot
headquarters facility for Signature
Companies and a Casey’s General Store.
Willows Edge is located at the junction of
Arrowhead Parkway and East 10th Street.
Winter-Green Acres is scheduled to open
in December. The venue, located in Crooks,
can host 425 people, and features a prep-
kitchen and bar area with outdoor space
for weddings and special events.
Ace Hardware addition (Tea)
Alibi Bar & Grill / Scapegoat (Arrowhead
Parkway)
Altered Species Ales (Western Mall)
Anytime Fitness (Marion Road)
Black Hills Federal Credit Union branch
(East 10th Street)
Babe Hair Solutions (West 49th Street)
Bluepeak (Bridges at 57th)
BOE Discount Store (Shirley Avenue)
Buffalo Wild Wings addition (Louise
Avenue)
Candylicious Allure (41st & Sycamore)
Cattitude Café (Downtown)
Central Dakota Perk (Harrisburg)
Chase Bank (Downtown)
Credo’s Pub (University Hills)
CrossFit 605 (Tea)
Dae Gee Korean BBQ (Empire Place)
Dairy Queen (Tea)
Daylily Coffee (East 8th Street)
Dell Rapids Dental
Dollar Tree (East 10th Street)
Drybar (Empire Place)
East Bank Storage (3rd Street)
El Chamoy (West 10th Street)
Empower U (Cliff Avenue)
Falls Dental (Cliff Avenue)
Farmhouse Market (Franklin Avenue)
Fat Kid Pizza (Empire Mall)
Fazoli’s (Arrowhead Parkway)
Flourish Wellness & Birth Co. expansion
(East 26th Street)
Freddy’s Frozen Custard & Steakburgers
(Empire Mall)
Hoogendoorn Construction addition
(Canton)
Houndstooth House expansion (37th Street)
Hy-Vee additions (multiple locations)
IchiFuji (East 10th Street)
In Flower (East 8th Street)
Jimmy John’s (Campus Crossing)
Joy Collective Yoga Studio (East 8th Street)
Kid to Kid (Western Mall)
Kind Find Jewelry & Piercing (57th Street)
Little Learners Academy (Western Avenue)
Les Schwab Tire Center (Arrowhead Parkway)
Los Arcos (Minnesota Avenue)
Lucky’s second location (Louise Avenue)
Move U (57th & Tennis Lane)
My Buddy’s Garage (10th & Sycamore)
Myrtle’s Fur Vault & Bar (Downtown)
Neighborhood Dental (East 26th Street)
Ocean Outfitters (Southeastern Avenue)
Paleta Paradise (41st Street)
OTHER DEVELOPMENTS
Perch (9th & Grange)
Pizza Ranch expansion (East 10th Street)
Planet Fitness (East 10th Street)
Polar Bites (Downtown)
Pulse Dance Studio (Harrisburg)
Prairie Dental Center (73rd & Cliff)
Rack City Billiards (Bahnson Avenue)
Rose + Eugene (Downtown)
Sampson House expansion (Downtown)
Scooter’s Coffee (Sanford Sports Complex)
Shake Rattle Sew (West 5th Street)
Smoothie King (Empire Place)
Southeastern Electric addition (Lennox)
Starbucks (Marion & Pineridge)
StretchLab Sioux Falls (57th Street)
Sub Zero Desserts (Downtown)
Sugar Palace by Emily (Harrisburg)
Taichi Bubble Tea (Empire Place)
Taqueria Los Primos (Marion Road)
The Cookie Jar Eatery (Eastbank
Downtown)
The Den (North West Avenue)
The Dive (Park Ridge Galleria)
The Meeting Nook (Dell Rapids)
The Orion Pub (Downtown)
The Scapegoat (Arrowhead Parkway)
The Smoked Culture BBQ & Brews (49th &
Westport)
The Tavern Grill (57th & Louise)
The Wine Bar at Allure Bar (73rd & Cliff)
Today’s Family Dentistry (Brandon)
Valentino’s (41st & Ellis)
Valvoline (East 41st Street)
Vital Flows (Downtown)
Walmart remodel (Louise Avenue)
Windy City Bites Bar & Grill (8th & Indiana)
Ziggi’s Coffee (East 57th Street)
ACCOLADES
Top 25 most resilient economy
SmartAsset
No. 2 best state tax climate
Tax Foundation
Best small cities for remote work
The Forage
No. 5 best city for new college grads
Stacker.com
Top 25 city to retire
Forbes
Most affordable state to get a college degree
Forbes
No. 2 best job market
SmartAsset
PAGE 18
QUALITY OF LIFE
DEVELOPMENTS
Active Generations – $16.3M, 31,750 square
foot facility located on 13 acres in the Dawley
Farm Village development
Allegiant Air – Seasonal flights to Los
Angeles
Augustana University – Renovation of two
residence halls & campus green upgrades;
$60M, 3,000-seat Midco Arena for men’s
hockey; $1.5M Chick-fil-A in Morrison
Commons
Baltic School District - $21.2M high school
Brandon Valley School District – 35,000
square foot, $10M high school addition
City of Dell Rapids - $3.5M renovation of
former bank into new facilities for City Hall,
Chamber, Sheriff deputies and event space
City of Hartford - $23.5M Wastewater
treatment facility
City of Sioux Falls – $215M Water
Reclamation Plant expansion & rehab;
$55.7M Public Safety Training Campus;
$17.2M Jacobson Plaza, Pawsible Park & T.
Denny Sanford Splash Pad; McKennan Park
Band Shell renovation; $14.5M Downtown
River Greenway Phase III Riverwalk & Lloyd
Landing; Mary Jo Wegner Arboretum
History Plaza; Mini-pitch soccer fields
Dakota State University - $70M, 100,000
square foot Cybersecurity Research Center
– DSU Applied Research Lab - on 16 acres at
the Sanford Sports Complex
Dell Rapids St. Mary’s Catholic School –
Addition to the high school facility to house
elementary school
Ellis & Eastern – Rail line rehabilitation in
western Sioux Falls & rebuild line east of
Brandon
Furniture Mission of South Dakota – 27,000
square foot warehouse/office
Glory House – 51-unit housing expansion;
$7.2M
Great Plains Zoo – New $8.1M lion & meerkat
exhibit; Splash Pad
Harrisburg School District –$30M East
Middle School; 151,483 square foot, $36M
Freshman Academy; Greenhouse
Huether Family Match Pointe – $3.7M,
28,000 square foot four-court expansion
Huset’s Speedway – New shop & office
space
Inter-Lakes Community Action
Partnership – Renovate former Children’s
Inn to serve homeless families
Let’s Skate - $2.4M, 20,000 square foot state-
of-the-art skateboard park at Nelson Park
McCrossan Boys Ranch - $3 million, 8,000
square foot addition to the school
Minnehaha County – $12.9M Highway
Maintenance Facility
Outdoor Campus - $7M expansion &
remodel
REACH Literacy – 3,000 square foot
expansion; $200K
SculptureWalk 2023 – 67 outdoor sculptures
exhibited throughout downtown Sioux Falls
Sioux Falls Christian – Classroom addition
Sioux Falls Lutheran School – $2M Early
Childhood Center expansion
Sioux Falls Regional Airport - $63M, 4-level,
975 stall parking ramp
Sioux Falls School District – Central Service
building addition/remodel; $26M, 83,000
square foot northwest elementary school
Society of St. Vincent de Paul – 2nd thrift
store
South Dakota Game Fish & Parks
Department – Palisades State Park
expansion: 75 new camp sites, Welcome
Center, additional hiking trails
South Dakota National Guard - $21.7M BG
Dean Mann Readiness Center, 41,522 square
foot facility in Sioux Empire Development
Park VIII
Startup Sioux Falls - $1.3M remodel of
downtown facility for new location
State of South Dakota – 280,000 square
foot Sioux Falls One Stop state services office
building
State of South Dakota & City of Sioux Falls
– Veterans Parkway extension, $210M
Tri-Valley School District - $23.6M
elementary school; $46.7M high school
University of South Dakota – Parry Center
for Clinical Skills & Simulation expansion
Veteran’s Administration Medical Center
–11,115 square foot VA Hospice Cottage
Veterans Community Project – 2-acre tiny
home-village, ~35 units, community center;
$5M
Washington Pavilion – $2M Sweetman
Planetarium & Interactive Water Exhibit,
Kirby Science Center 1st floor transformation
to the Space & Technology Floor
FOUNDATION
PROFESSIONALS
Bob Mundt
PRESIDENT & CEO
Dean Dziedzic
VICE PRESIDENT
OF ECONOMIC
DEVELOPMENT
Denise Guzzetta
VICE PRESIDENT OF
TALENT & WORKFORCE
DEVELOPMENT
Cory Buck
VICE PRESIDENT
OF FINANCE &
ADMINISTRATION
Karen Ruhland
DIRECTOR OF RESEARCH,
MEMBERSHIP &
COMMUNICATIONS
Mike Gray
DIRECTOR OF BUSINESS
DEVELOPMENT
Claire Herbst
TALENT RECRUITMENT
COORDINATOR
Sharman Smith
PROJECT COORDINATOR
FOR TALENT & WORKFORCE
DEVELOPMENT
Leah Friese
DIRECTOR OF MARKETING
& DIGITAL MEDIA
A special thank you to Xcel Energy for sponsoring
the Sioux Falls Development Foundation Annual Meeting.
200 N Phillips Ave Ste 101, Sioux Falls, SD 57104
O: 605.339.0103
F: 605.339.0055
siouxfallsdevelopment.com
The developments highlighted in this progress report reflect regional growth, not just Development Foundation projects.
Space and deadline constraints do not allow the listing of all developments.
