SFDF News & Information

The hard work of Sioux Falls’ economic development leaders paid off in 2005, with major business expansions for ADP (Automated Data Processing) and John Morrell. But Rounds said the headlines didn’t report the constant steps the city is making toward being an economic powerhouse. Hundreds of businesses expanded last year, new businesses were constructed and local corporations grew. Sioux Falls experienced record setting growth in the number of commercial and residential building permits, convention and tourism income, and economic development land sales.

“Job creation is a critical factor in measuring economic development success. In 2005, Sioux Falls broke a pattern of modest job growth to create 3,300 new jobs,” said Gov. Rounds. “Nearly all industry sectors registered growth. Numbers like that show that Sioux Falls’ approach to economic development is working.” Dana Dykhouse, chairman of the Sioux Falls Development Foundation, accepted the award in Pierre with past chairman Jim Wilcox and president Dan Scott. “The success of the Sioux Falls economy is entirely due to the participation and partnership displayed by members of the community,” said Dykhouse. “Business, education and local government have worked together to establish priorities, overcome challenges and benefit the entire region. We’re proud that Governor Rounds has acknowledged our community spirit with this award.”