User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


21° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

3M Brookings Approved For Reinvestment Payment Program

August 28, 2013, 9:45 AM

PIERRE, SD -

3M announced Wednesday it will be expanding manufacturing capabilities in its Brookings facility later this fall thanks to the newly established Reinvestment Payment Program. 3M was the first company to receive approval under the program.

“I am pleased with 3M’s decision to expand within South Dakota,” said Gov. Dennis Daugaard. “The Reinvestment Payment Program and Workforce Development Program are two critical programs for the creation of permanent, full-time jobs and both play a valuable role in the continued growth of South Dakota’s economy.”

The Board of Economic Development approved a reinvestment payment of up to $234,000 to offset the sales and use tax paid on eligible equipment costs incurred during the project. In addition, the GOED will supply up to $17,000 in Workforce Development Program funds to assist with new employee training. The expansion is slated to create a total of 29 jobs.

“The Reinvestment Payment Program made it possible to expand our ability to manufacture medical dressings in Brookings. This next generation equipment will enable us to better serve customers and create jobs,” said Brookings 3M Plant Manager Ann Getting. “There are many talented people in South Dakota so I’m glad we have support from the Governor’s Office of Economic Development to enable investments that will help us grow here at 3M Brookings.”

The Reinvestment Payment Program came out of the 2013 Legislative Session by way of Senate Bill 235, which was a bipartisan effort to address the comprehensive economic development needs of the state. 

Marmen Energy of Brandon, S.D. was also approved for a reinvestment payment of up to $600,000 for their expansion project, making it the second company approved for the program.

Disclaimer: This story has been reviewed but not edited or fact-checked. Views of the author are not necessarily those of this station, its owners, officers, agents or employees.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
Pierre, Fort Pierre Grocery Stores Being Sold

11/28/2014 6:29 AM

Rapid City-based Lynn's Dakotamart is buying grocery stores in Pierre and Fort Pierre.

Full Story
Chris Tomlin & Rend Collective Coming To PREMIER Center

11/25/2014 11:04 AM

Some of the biggest names in Contemporary Christian music are coming to the Denny Sanford PREMIER Center.

Full Story
Some Online Shoppers Pay More Than Others

11/26/2014 9:57 PM

A lot of people will chose to skip the lines on Black Friday and opt for Cyber Monday to order their gifts online. 

Full Story | Watch
Downtown Delicatessen Ready To Reopen

11/25/2014 2:20 PM

A downtown Sioux Falls delicatessen will re-open just in time for the holidays.

Full Story


Events