Governor grants Rapid City $1 million for industrial park, following $7.5 million state loan

By: Joshua Haiar

Outlets: South Dakota Searchlight

Published: August 4, 2026

Words: 387

Last Updated: 2 weeks, 1 day ago

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South Dakota Gov. Larry Rhoden issued $1 million Tuesday from an economic development fund under his control to support an industrial and business park in Rapid City.

The money comes from the Future Fund, which is built up through fees submitted by employers when they pay taxes to support unemployment benefits.

The governor awards the dollars at his discretion, although a state law that took effect July 1 places new restrictions on the …

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