Spearfish – Growing business by nature

Black Hills Business Magazine | July 2019

Located in the northern Black Hills, Spearfish represents one of the most broad-based economies in western South Dakota. With roots in education, health care, tourism, natural resources, and light industry, our local economy has grown and diversified substantially over the past several decades. The past five years has seen the average yearly new construction valuation nearly double that of the previous five years.

Recognizing the attraction of Spearfish’s strong economic advantages -as well our area’s outdoor recreation and active lifestyle appeal- Spearfish Economic Development Corporation (SEDC) has launched a strategic initiative to recruit additional outdoor product companies to our growing community.

According to the Outdoor Industry Association, outdoor recreation is an economic powerhouse in the United States, each year generating $887 billion in consumer spending and supporting 7.6 million jobs. Every year, American consumers spend more on outdoor recreation than they do on pharmaceuticals and fuel, combined. In fact, the impact of outdoor recreation on America’s economy is almost as big as that of hospital care.

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SEDC Attends Outdoor Retailer Summer Market

Spearfish, SD – June 25, 2019 – Recognizing the attraction of Spearfish’s strong economic advantages -as well the area’s outdoor recreation/active lifestyle appeal- Spearfish Economic

Development Corporation (SEDC) continues our strategic initiative to recruit additional outdoor product manufacturing companies to the Spearfish community.  As part of these efforts, SEDC Marketing Coordinator Laine Mitchell recently attended the Outdoor Retailer Summer Market tradeshow in Denver.

The Outdoor Retailer Summer Market is North America’s largest tradeshow in the outdoor industry drawing attendees from throughout the world, including over 600 exhibitors from a variety of industries including backpacking, camping, hiking, climbing, skiing, mountain biking and fly fishing. “This show ignited conversations directly with key decision makers and influencers and gave us the opportunity to share the Spearfish story,” said Mitchell.  “Our participation was especially timely as MarketWatch recently recognized Spearfish as one of ‘The best little cities to live if you love the outdoors.’”

According to the Outdoor Industry Association, outdoor recreation is an economic powerhouse in the United States, each year generating $887 billion in consumer spending and supporting 7.6 million jobs.  Every year, American consumers spend more on outdoor recreation than they do on

pharmaceuticals and fuel, combined.  In fact, the impact of outdoor recreation on America’s economy is almost as big as that of hospital care. “Spearfish is very fortunate to already be home to a handful of outdoor product manufacturers,” explained Executive Director Kory Menken. “SEDC’s goal is to attract and foster more companies of this nature, as they create the type of clean industry and good-paying jobs our community desires.” Last year, Menken attended the same show and which resulted in numerous prospective leads and a site visit to South Dakota.

In addition to attending the Outdoor Retailer Summer Market, SEDC has also placed strategic advertisements in numerous regional and national publications including the Summer 2019 issue of The Drake magazine.  Founded in 1998, The Drake has become one of the premier fly fishing magazines and is sold in nearly 2,000 stores nationwide. SEDC will also be participating in the International Fly Tackle Dealer tradeshow in Denver later this year.

Sanford Underground Research Facility creates a visual economic impact

Through regional spending and job creation—both direct hires at Sanford Underground Research Facility (Sanford Lab) and jobs generated by large science projects on-site—Sanford Lab has created a ripple of impacts throughout the state.

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2019 Annual Meeting Recap

On Thursday, January 24th, Spearfish Economic Development Corporation held their 2019 Annual Meeting. The meeting consisted of a 2018 Spearfish Economic Review, an update from guest speaker Dr. Jaret Heise from the Sanford Underground Research Facility, recognition to outgoing SEDC board members, and the presentation of the 2019 Award of Excellence and Rising Star Award.  Read more

New efficient energy now more affordable than ever

SPEARFISH| The new lighting technology for businesses and homes is better, and less expensive.

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Spearfish Makes Sense & Cents

It just makes sense.

Spearfish, South Dakota recently received another accolade suiting an outdoor-centric lifestyle. This is another example of why Spearfish is a perfect fit for outdoor product companies:

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SEDC Attends Outdoor Retailer Summer Market

Spearfish, SD – July 30, 2018 – Recognizing the attraction of Spearfish’s strong economic advantages -as well the area’s outdoor recreation/active lifestyle appeal- Spearfish Economic Development Corporation (SEDC) has launched a strategic initiative to recruit additional outdoor product manufacturing companies to the community. As part of these efforts, SEDC Executive Director Kory Menken recently attended the Outdoor Retailer Summer Market tradeshow in Denver.

Spearfish Economic Development at Outdoor Retailer Summer Market

The Outdoor Retailer Summer Market is North America’s largest tradeshow in the outdoor industry drawing attendees from throughout the world, including over 600 exhibitors from a variety of industries including backpacking, camping, hiking, climbing, skiing, mountain biking and fly fishing. “This show provided SEDC with an outstanding opportunity to share the Spearfish story directly with key decision makers and influencers from the outdoor product manufacturing market,” said Menken. “Our participation was especially timely as Livability.com recently listed Spearfish as one of ‘The Best Home Base Cities for Adventure Enthusiasts.’”

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SEDC Hosts Workforce Development Roundtable

SEDC Hosts Workforce Development Roundtable

Spearfish Economic Development Corporation (SEDC) recently hosted an informative roundtable discussion

with local business leaders and representatives from Western Dakota Tech (WDT), Black Hills State University, and the Spearfish School District.  Read more

Dakota Seafood Spearfish Receives $100K SERF loan

By Kaija Swisher – Black Hills Pioneer

Dakota Seafood will open it’s doors on the first floor of the new building at the corner of Main Street and Jackson Boulevard.

SPEARFISH – A third new business is set to join Spearfish Brewing and the RedWater Kitchen on the first floor of the new building at the corner of Main Street and Jackson Boulevard in Spearfish: Dakota Seafood Spearfish, LLC, received approval for a $100,000 Spearfish Economic Revolving Fund (SERF) loan Monday.

Kory Menken, Executive director of Spearfish Economic Development Corporation (SEDC), Explained that the SEDC Finance/Loan Committee reviewed the SERF loan application on May 30 and recommended that the council approve the loan. In addition to the SERF loan, the business has also received a $202,000 South Dakota WORKS program loan through the South Dakota Governor’s Office of Economic Development. Read more

New commercial development breaks ground in Spearfish

Site on Colorado Blvd. to house 3 buildings for multiple businesses

By Kaija Swisher – Black Hills Pioneer

There was a groundbreaking and ribbon-cutting celebration Wednesday for a new commercial development at 4315 E. Colorado Blvd. in Spearfish, which will be the new home for Jake’s Collision Repair, Millenia Motors, and The Detail Shop, with additional commercial space available.

There was a groundbreaking and ribbon-cutting celebration May 23 for a new commercial development at 4315 E. Colorado Blvd. in Spearfish, which will be the new home for Jake’s Collision Repair, Millenia Motors, and The Detail Shop, with additional commercial space available.

SPEARFISH – Business Continues to boom in Spearfish, with ground broken on May 23rd at 4315 E. Colorado Blvd. to eventually house a commercial development with multiple businesses on site.

Aaron Schoon, owner of Jake’s Collision Repair and lead partner in the development, described that there would be three buildings on the lot: A 7,000-square-foot body shop, 7,000-square-foot industrial shop rental building, and 3,000-square-foot office building, all of which were designed by Legacy Custom Homes of Spearfish, which would serve as the general contractor and is a partner on the project. Read more