The South Dakota Board of Economic Development approved funding for three agriculture projects expected to contribute more than $136 million in capital investment and create an expected 23 jobs.
The board approved a South Dakota Jobs Program grant of up to nearly $86,000 ($85,835) for Agtegra Cooperative to support expansion of fertilizer manufacturing and storage operations in Ipswich, Bath, Kennebec and McLaughlin. This project includes new storage tanks, packaging systems and warehouse expansion which will double the current fertilizer production capacity.
The board approved a second South Dakota Jobs Program grant for Agtegra– this one for up to nearly $255,000 ($254,243)— to support construction of a 100,000-ton-per-year feed mill in Faulkton. The project will expand feed production for swine and poultry operations and includes additional equipment and transportation capacity.
Engineer’s rendering (design) image of what the Agtegra Faulkton Feed Mill will look like when complete.
Courtesy image.
The board also approved a Reinvestment Payment Program grant of up to almost $1.5 million ($1,499,027) for Dakota Ethanol, LLC in Wentworth. The project includes four new fermentation tanks and upgraded infrastructure that will increase production capacity to 150 million gallons annually.
Governor’s Office of Economic Development Commissioner Bill Even said when South Dakota companies reinvest and expand, it strengthens key industries and supports long-term opportunity for the state’s workforce and communities. He said these projects highlight continued growth in the state’s agriculture and value-added manufacturing sectors.
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