SEDC & GOED Visit with Spearfish Businesses

Spearfish Economic Development Corporation (SEDC) and the South Dakota Governor’s Office of Economic Development (GOED) recently teamed up to host several Small Group Retention and Expansion (R&E) Zoom meetings with dozens of Spearfish businesses.

Discussion topics included the impact of the COVID-19 situation on individual businesses and industry sectors in general, solutions and adaptations implemented by the Spearfish business community, and the variety of financial relief programs made available during the pandemic. Industry groups ranged from coffee shops and restaurants to manufacturing and construction services.

“The goal of these conversations was to answer questions, help find solutions, and gather input on how we can serve the local business community even better moving forward,” explained Cayley Schmitt, SEDC Marketing & Administrative Coordinator. “We sincerely appreciate the excellent feedback we received from our local businesses.  It was also wonderful the way the participants were able to exchange strategies and ideas amongst themselves.”

“It has been a great opportunity to assist local businesses and provide a support system to them throughout these unprecedented times,” commented Hannah Downs from the Governor’s Office of Economic Development. “I am so proud of each of them for how they are handling this situation. It is a true testament to the grit and optimism that South Dakota’s business owners have.”

Earlier this year, SEDC also took the lead on forming a Small Business Advisory Committee consisting of a diverse mix of small business owners and managers.  The mission of the group was to help provide input and recommendations to the City of Spearfish on the public health emergency ordinance as well as what steps could be taken to begin the reopening process in the community.

“Assisting with the retention, growth and economic well-being of our Spearfish businesses has always been a top priority for the SEDC Board and staff.  In response to this challenging time in our nation’s history, we have doubled down on those efforts,” said SEDC Executive Director Kory Menken.  “I commend Cayley Schmitt from our office and Hannah Downs, Business Development Representative for the Governor’s Office of Economic Development, for spearheading the Small Group R&E initiative.”

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