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Sturgis Economic Development Corporation outlines 2025 agreement for retail and industrial growth

November 07, 2024 | Summerset, Meade County, South Dakota


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Sturgis Economic Development Corporation outlines 2025 agreement for retail and industrial growth
In the recent City of Summerset Regular Commission Meeting held on November 7, 2024, key discussions centered around the draft of a professional services agreement for economic development. Amanda Anglin, the executive director of the Sturgis Economic Development Corporation, presented the agreement, which is set to guide economic initiatives for the year 2025.

The proposed agreement largely mirrors the existing contract for 2024, with a few notable adjustments. One significant change is the removal of references to the Piedmont Valley Chamber of Commerce, which is no longer operational. This adjustment reflects a shift in the local economic landscape and aims to streamline the focus on economic development efforts within Summerset.

The agreement outlines four primary responsibilities for the consultant. These include securing and advancing economic development, conducting outreach and retention campaigns with local employers, and acting as a key advocate for the city’s economic interests. The consultant is expected to identify both opportunities and potential threats to the local economy, emphasizing the importance of proactive engagement in retail, commercial, and industrial growth.

Financially, the contract proposes an increase in funding from $35,000 in the current year to $50,000 for 2025. This amount will cover half of the benefits for the economic development coordinator position, which has a total value of $100,000. The remaining funds will be provided by the Sturgis Economic Development Corporation, highlighting a collaborative approach to economic growth.

Anglin indicated that if the commission approves the draft as it stands, the next step would be to present it to the SUBC board for official approval. This process is crucial for ensuring that the city can effectively implement its economic development strategies in the coming year.

Additionally, there was a discussion about enhancing communication regarding ongoing economic initiatives. While not formally included in the contract, the need for improved updates and transparency was acknowledged, suggesting a desire for more frequent engagement between the consultant and the city.

Overall, the meeting underscored the city’s commitment to fostering economic development and adapting to changes in the local business environment. As Summerset prepares for 2025, the focus will remain on strategic growth and collaboration with key stakeholders to ensure a thriving economic future.

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