3 Ways to Celebrate National Mom & Pop Business Owners Day

As we approach National Mom and Pop Business Owners Day on March 29th, we’re reminded of the value that family-owned small businesses bring to their communities. Our economy couldn’t run without small mom and pop businesses. They create economic growth and provide almost 70% of all new jobs in the country.  That’s why every year on March 29 we acknowledge the more than 27 million small businesses in this country by celebrating National Mom and Pop Business Owners Day! The holiday was established by Rick and Margie Segel in honor of their parents and the successful hat shop they opened in 1939 and grew into a 10,000 square foot, $2 million dollar clothing shop. It is a special day to appreciate the long hours, hard work and dedication it takes to run a small business. So on March 29th, head to your favorite small business to say thank you!

Why We Love National Mom and Pop Business Owners Day

Spearfish downtown

  1. They make shopping personal
    Finding that particular shop where they know you and understand what you need can make any day just a little brighter. Mom and pop businesses take a special interest in making sure their customers have a unique and enjoyable experience. They care about their customers in a way few large retail chains can by providing superior and personal customer service.
  2. They support the community
    Small businesses have a real impact on their community by providing neighborhood jobs and recycling the money they earn back into the local economy. So, by spending your dollars at a mom and pop establishment, you can make a real difference.
  3. They provide a unique experience
    Mom and Pop shops bring fresh ideas to the marketplace. In today’s economy, when you can find the same products in every Big Box in every city, it’s refreshing to find something new which everyone else hasn’t discovered yet.

How to Celebrate National Mom and Pop Business Owners Day

  1. Shop local
    Support the small business in your community by searching them out and frequenting them often. Hear about an interesting local spot? Go on an adventure to check it out, then tell all your friends!
  2. Use social media
    Most small businesses are happy to get a little extra attention. Make sure to follow your favorites on all their social media platforms and promote them whenever possible.
  3. Write a “thank you” note
    Running a small business is really hard work. If there’s a special Mom and Pop shop you care about, take a moment to write a note to let the owners and employees know how much you appreciate all the effort and care they put into making your experience wonderful.

Spearfish Economic Development Corporation is proud of the many family-owned businesses that call Spearfish home!

SEDC: Putting SERF dollars to work for our community

Spearfish Brewing Company opened for business in February of 2018 and the community reception has been tremendous. General Manager Jon Marek says the community vibe made Spearfish a natural choice to locate he business.

You could tell that everyone was really dedicated to growing and building the business here in Spearfish – especially this downtown area feels really vibrant.

Spearfish Economic Development played a role in helping make those designs a reality with a $100,000 Spearfish Economic Revolving Fund – or SERF – loan. SERF loans are low interest loans with funds originating from the City of Spearfish. The application process is facilitated by Spearfish Economic Development who review applications and make final recomme

ndations for approval to the city council.

In the case of Spearfish Brewing Company, the funds were used to put in the 18-handle draft system with the majority of the funds being used to purchase state-of-the-art equipment in the brew house. SERF loans are designed to help new businesses get started in Spearfish – or to help existing local businesses expand. SEDC Executive Director Kory Menken says Spearfish Brewing was the perfect candidate for a SERF loan – criteria being a business that produces a product or offers a service, will create local jobs and will contribute revenue to the local tax base.

For both Jon and Nathan, brewmaster, the invitation to move to the Spearfish community was an easy choice. It meant the opportunity to open a brewery in a business-friendly community and the chance to enjoy its unique quality of life as an outdoor recreation destination.

When the opportunity to move to move to Spearfish came up it was a personal dream of mine. I love the canyon, I spent years climbing in the canyon and Devil’s Tower is right next door. I think it’s become evident to me over the last 2-3 months just why Spearfish is the perfect place to build a brewery. The kind of support that locals have for dining, the plays for local bars, they receive a lot of support, even during the off-season for tourism. Locals like to get out and enjoy and support local businesses. A second brewery in this town, and even a third one coming are only going to help bring interest to this part of the Black Hills to check out a new place to drink and to eat and be a part of the Spearfish culture. This town is really just a great business place.” says Jon.

For more information on the SEDC’s loan programs, contact Spearfish Economic Development Corporation at (605)642-3832.

Black Hills Pioneer

Sawyer Brewing receives $50K SERF loan

By Kaija Swisher Black Hills Pioneer

SPEARFISH — Another craft brewery is coming to Spearfish.

Sawyer Brewing Company, owned by Lee and Ali Eddy, of Spearfish, received a $50,000 Spearfish Economic Revolving Fund loan. They plan to open a brewpub and wood-fired pizza establishment in the Village at Creekside, a multi-use commercial development off of North Avenue, north of Creekside Elementary School and Creekside Estates. Pioneer file photo by Kaija Swisher

The Spearfish City Council Monday unanimously approved a $50,000 Spearfish Economic Revolving Fund (SERF) loan for Sawyer Brewing Company, owned by Lee and Ali Eddy, of Spearfish, who plan to open a brewpub and wood-fired pizza establishment in the Village at Creekside, a multi-use commercial development off of North Avenue, north of Creekside Elementary School and Creekside Estates. The loan would provide term financing for equipment purchases related to the brewery.

“This proposed establishment will complement Spearfish’s growing craft brew environment,” Kory Menken, Spearfish Economic Development Corporation (SEDC) executive director, said.

The SERF program, a municipal financial resource created in 1992 and amended in 1993, 1997, 1998, 2001, and 2015, provides short-term, low-interest loans to manufacturers/service exporters expanding or relocating to Spearfish. There are no minimum or maximum loan amounts.

Menken explained that SEDC received a SERF application from the new entity on Jan. 10, and after reviewing it, SEDC recommended “that the loan application be approved in that the project satisfies the primary goal of SERF to complement funding sources from the private and public sectors, resulting in an enhanced and more fully developed economy in the Spearfish community,” the term sheet states.

The loan would be extended at a fixed interest rate of 5 percent per year, requiring monthly payments based upon a seven-year amortization schedule, and the loan will be secured by a shared second position on business assets (equipment, inventory and fixtures), and the personal guaranty of the borrowers, Menken explained.

He added that Sawyer Brewing Company was also approved for a $50,000 MicroLOAN from the South Dakota Development Corporation/Governor’s Office of Economic Development (GOED).

“My wife and I are excited to be joining the craft beer community here in Spearfish,” Lee Eddy said Tuesday. “Being from Spearfish, I am excited to start a business in such a neat location.”

He added that this is a new venture for the couple. He thanked the city of Spearfish and SEDC for their help with the opportunity, and he added that the hope is that the project would be underway and open for business mid-summer.

“SEDC is excited to welcome Sawyer Brewing to Spearfish as they will be an excellent addition to our growing craft brewing community,” Menken said Tuesday. “Craft breweries are becoming a vibrant and flourishing economic force at the local, state, and national level. Small and independent American craft brewers contributed $67.8 billion to the U.S. economy in 2016 and helped to create more than 456,000 jobs. Spearfish’s developing cluster of craft breweries has the potential to serve as a strong economic engine for our community.”

The brewery would be the first business to utilize amendments made the covenants on the property.

In March 2017, Lee Eddy requested the amendments to allow for the on- and off-sale of beer and/or wine, which would allow for the brewpub and pizzeria. The Spearfish School Board and Spearfish City Council approved the amendment in April 2017.

The covenants, which prohibit the sale of on- and off-sale alcohol; adult video/book stores or similar facilities; nightclubs/strip clubs; sale of firearms/dangerous weapons; shooting ranges; sale of tobacco/tobacco products; heavy industry; and facilities for housing or processing animals, were part of the original sale of the property in 2009. Johanna Meier Della Vecchia sold property to the Spearfish School District and the city for the school and open space, and covenants were placed on the entire property, including the Meier ranch area that was later sold to Spring Creek Ranches, LLC, and is currently being developed as the Village at Creekside.

In 2014, the city and school district also amended the covenants to allow the sale of alcohol in a properly-licenses restaurant facility, creating an on-sale full service restaurant liquor license. That license price was set at $130,000.

Lee previously told school board members that that license wouldn’t fit the vision for the brewpub/pizzeria.