New Sioux Falls District Attracting High-Paying Biotech Jobs

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From Amazon to Google, every great idea starts off small.

Sioux Falls is hoping to attract next generation businesses through the USD Discovery District.

On Monday the corporate and academic research park announced its anchor tenants, SAB Biotherapeutics and Alumend.

There’s a good chance you or someone you know headed to the pharmacy this year in search of relief from the flu. Almost 6000 South Dakotans got sick from the virus this season.

“We just got through with a really severe flu season, and there really is no therapeutic for hospitalized flu patients,” Dr. Eddie Hamilton said.

Hamilton is the chairman of SAB Biotherapeutics. The company is going to start clinical trials on a universal flu therapy this year. 

“This appears to be a very effective treatment,” Hamilton said.

SAB is one of the two anchor tenants that will soon call northwestern Sioux Falls home. The other is Alumend. Alumend is a wholly owned subsidiary of Avera and has developed a treatment for peripheral vascular disease, which is a common disease that causes blood vessels to narrow.

“Changing the world is what we’re supposed to do I think–one day at a time, one person at a time, one company at a time, one invention at a time,” USD President Jim Abbott said.

While SAB and Alumend will take up a large portion of the building, there will still be around 24,000 square feet left to lease.

“We’ll look back and say, ‘That was a game-changing initiative, that Discovery District and luring this company to stay in Sioux Falls was huge,'” Sioux Falls Mayor Paul TenHaken said.

The district will start off with two buildings. When the $314 million project is done, it’s projected to include 26 buildings and 2800 people.

Meanwhile, SAB has doubled in size over the past four years and will do so again when it calls this area home in 2020.

“We think we can address human conditions no one else can address. That’s important to us–to make a difference in human health,” Hamilton said.

District officials plan to break ground this fall and have the first building done in two years.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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