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.


68° 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!

 

Will Sequester Hurt Sioux Falls Economy?

February 28, 2013, 10:01 PM by Angela Kennecke

Will Sequester Hurt Sioux Falls Economy?
SIOUX FALLS, SD -

Retail is growing, office vacancy rates are down and residential construction is taking off again. These are all positive signs of the expanding economy shared with business leaders today by a commercial real estate development firm.

Sioux Falls economy is growing in every sector and doing much better than the rest of the nation. 

"It gives me a lot of hope for the Sioux Falls area and what we're doing," Kelly Hitchcock of Costello Property Management said.

"We're seeing that businesses are having to make those expansions.  Their working capitol needs have increased. I think we're going to continue to see Sioux Falls grow," Wayne Miller of Wells Fargo Bank.

And many small businesses say they will grow in 2013.

"We anticipate growth. We're a smaller company, but we're looking forward to growing within the reason we can expand," Tom Van Wyhe of Trane said.

But looming cuts from the sequestration could hit government jobs and programs. Is it enough to dampen the spirits of those who just heard a positive outlook? 

"I think it's a bit overblown.  But I am just one voice.  I think we've worked our way through things of this nature in the past and we'll do it again with this situation," Van Wyhe said.

"I don't feel we're going to feel the impact in Sioux Falls.  Again, Sioux Falls is somewhat of an anomaly.  People are going to hold back a little bit but I don't know full ramifications of how the sequester is going to impact Sioux Falls," Miller said.

"Depending on what side you're on; a lot of smoke or a big issue. I see it as a lot of smoke. We should be happy we're in an area where we have good growth and steady. We don't have high ups and downs of a lot of the nation. I just feel real positive at this point," Hitchcock said.

While the effects of the sequester directly on the economy in Sioux Falls remain uncertain, they wouldn't happen immediately.  It would take more than a month for jobs in the state to be eliminated and federal funds to start drying up. 

Click here to watch the video of Bender Commercial 16th Annual Sioux Falls Market Outlook

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events