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GOED reports steady economic growth, unveils Infrastructure First site study, childcare grants and asks for $74,000 for new Sioux Falls 'one‑stop' lease

2167511 · January 29, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Joe Fiala, commissioner of the Governor's Office of Economic Development, briefed the Joint Committee on Appropriations on state economic indicators, a new Infrastructure First site study, broadband and childcare grant activity, and a proposed $74,000 annual increase to lease costs tied to a move into a Sioux Falls one‑stop office.

Joe Fiala, commissioner of the Governor's Office of Economic Development (GOED), presented highlights of the state's economic performance, GOED project activity, and several program initiatives — including the Infrastructure First site study, childcare planning and implementation grants, broadband investment updates and a proposed lease increase tied to a Sioux Falls one‑stop facility.

Fiala said South Dakota added roughly 6,300 net new residents last year (0.7% growth) and that gross state product reached about $75 billion. He said real average income is above the national average and that the state's labor force rose by about 19,000 people over five years. Housing permits exceeded 6,000 units in the prior year with an estimated $1.4 billion valuation.

Why it matters: GOED's activities support site development, business attraction and program delivery for small towns and industries; broadband and childcare programs in particular affect workforce participation and business feasibility across rural communities.

Key initiatives presented:

- Infrastructure First: GOED used an Economic Development…

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