Business

Total 185 Posts

SD businesses and governments brace for ‘almost non-existent’ 2020 tourism season due to COVID-19

The COVID-19 pandemic has almost completely shut down tourism in South Dakota, one of the state’s largest industries. The loss of visitors now and potentially into the summer tourism season threatens to cut off a vital economic lifeline for businesses and their employees and eliminate a major source of

Beef producers in SD reeling from COVID-19 epidemic and price irregularities

The COVID-19 pandemic has turned a bad situation for South Dakota beef producers into a crisis in which low market prices and corresponding revenue losses may force some ranchers into bankruptcy. Beef producers are seeing what in January was an $80 profit on each animal sold fall to a $75

Sioux Falls biotech firm rushing to develop coronavirus treatment

A Sioux Falls company — with its team of scientists and a herd of genetically engineered cows — is working quickly to develop and produce an effective treatment for people infected with the coronavirus. SAb Biotherapeutics has emerged as a major player in the effort to generate a viable antidote to the

Municipal growth and rural utility rates at stake in SD electricity squabble

A long, simmering battle between electricity providers in South Dakota is coming to a head as the 2020 legislative session winds down, and at stake is the potential for faster economic growth in some cities versus the possibility of higher electric rates for rural residents. The debate is raging between

Land ownership question hovers over $185M Sioux Falls redevelopment plan

Questions about the ownership of a strip of land within the Sioux Steel Co. site in downtown Sioux Falls has created a new, unexpected hurdle for the proposed $185 million redevelopment of the property. The land in question was once a channel of the Big Sioux River and has ownership

California energy firm will turn SD farm wastes into usable natural gas

A new industry launching in South Dakota will use manure from dairy farms to generate usable natural gas, creating a new income stream for some South Dakota farmers and reducing greenhouse gas emissions along the way. California-based renewable energy company Brightmark Energy announced plans on Feb. 5 to capture, refine

SD retailers face uphill battle for survival amid frequent market changes

The rapid and expansive transformation of the South Dakota retail marketplace has created uncertainty for many businesses and the more than 97,000 state residents employed within the industry. Retail sales remain on the rise, but the ongoing market disruptions — dramatic changes in who buys what, how and from where
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