South Dakota Uses Future Fund for Infrastructure and Economic Development
The latest in this situation
How it started
What happened
Governor Larry Rhoden awarded grants from the Future Fund to support economic development and infrastructure efforts in South Dakota. The Governor allocated $500,000 to support the Governor’s Resilience and Infrastructure Task Force, while $1 million was directed toward a business park development site in Mitchell.
Why it matters
The Future Fund, which is administered by governors, is being used to finance infrastructure required to support economic growth in the state. The grants support strategic planning and the development of business sites, which can influence local investment and job creation.
Who's involved
- Larry RhodenChief executive governor who drives policy and allocates state funds
- South DakotaState receiving the funding to support economic development goals
- Future FundFund established to support economic development goals under state administration
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Pennington CountySpeculative
Pennington County might see increased investment in infrastructure development
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Tony Venhuizen chairs task force receiving state infrastructure fundsTony Venhuizen chairs task force receiving state infrastructure fundsLikely
- Mitchell business park gets $1 million state investmentMitchell's new business park receives $1 million state investment for developmentLikely
- How could state funding for economic development affect Crown?State funding could boost infrastructure development in South DakotaPossible
How it developed
Newest first. Tap a step to see who reported it.- Larry Rhoden granted Southeast Tech a $1.5 million grant through the Future Fund for operations in Sioux Falls.Sub-event
- Rhoden plans to integrate national security considerations into South Dakota's economic development strategy.Sub-event
- Meade and Pennington Counties, along with Rapid City, shared an $8 million infrastructure funding package.Sub-event
Governor Rhoden directs state funding to support economic development in South Dakota.1 source
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The entities involved
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South Dakota
state of the United States of America
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Future Fund
Czech company
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Larry Rhoden
American politician