SIOUX FALLS, S.D. (AP) – South Dakota Gov. Kristi Noem has formed a federal political action committee, indicating her growing fundraising prowess and national ambitions.

The Republican insists she is focused on getting reelected as governor next year. But her nationwide fundraising network has fueled speculation that she could be eyeing a 2024 presidential bid.

Last week, her campaign registered a PAC called Noem Victory Fund with the Federal Elections Commission.

The man behind Governor Kristi Noem’s federal political action committee has worked with some well known Republican candidates.

Kevin Broghamer is listed as the treasurer of the Noem Victory fund.

He also created a PAC for Rand Paul that’s raised millions of dollars, and worked for the McCain-Palin campaign in 2008.

Campaign finance experts say the move means the PAC can distribute funds into elections beyond South Dakota and create a pot of money that could be put into a future campaign for federal office.