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

The Granary District

A groundbreaking event for Spearfish’s newest commercial development, The Granary District, will be held Thursday, May 3 at 3:15 pm. The Granary District is located at the Village at Creekside on the corner of North Avenue and Yukon Place, adjacent to the Creekside Apartments. The groundbreaking event will include an overview of the development plan, introduction of new tenants, and opportunities available to existing and new businesses.

“The Granary District will be an absolutely tremendous addition to the Spearfish community,” said Kory Menken, SEDC Executive Director.  “SEDC is proud that we were able to work with both the developers as well as the future tenants on this exciting project.” Read more

Lookout Mountain Plaza

Lookout Mountain PlazaSpearfish construction continues to rise at Exit 14.

Ground was broke for the new Lookout Mountain Plaza on April 23rd. The Lookout Mountain Plaza is located off Exit 14, on the corner of Platinum Drive adjacent to Applebee’s Grill & Bar. The event included an overview of the development plan, prospects and opportunities available to existing and new businesses.

“This new addition is an exciting opportunity for Spearfish, especially with the high demand for office space,” said Kory Menken, SEDC Executive Director. “The development will be a nice enhancement to the area.” Read more

New Climbing Gym Opening in Spearfish

By Jim Holland, Rapid City Journal

SPEARFISH | Building on the reputation of the Black Hills area as a rock climber’s paradise, Spearfish will host the inaugural Black Hills Climbing Festival in July, and will soo

n be home to an indoor climbing gym.

The Climbing Festival is set for July 13-14 and the new climbing gym is scheduled to open May 1 at 1930 North Ave. Both the festival and the gym are being brought to Spearfish by High Mountain Outfitters, which caters to rock climbers, as well as hikers, campers, paddlers and all outdoor enthusiasts.

Spearfish is a natural base camp for rock climbing enthusiasts with four major climbing destinations in and around the Black Hills, including Spearfish Canyon, The Needles in Custer State Park, spires behind Mount Rushmore National Memorial, known as the Needles of Rushmore, and Wyoming’s Devil’s Tower.

High Mountain Outfitters is opening a new store in Custer later this month, joining existing locations in Spearfish and Hot Springs.

Owner Justin Stephens said the new climbing gym will be the first full-service indoor climbing facility in western South Dakota.

 

Read more

Recruiting Outdoor Product Manufacturing Companies

Recognizing the attraction of Spearfish’s strong economic advantages -as well our outdoor recreation/active lifestyle appeal- SEDC is making a strategic effort to recruit ad

SEDC has placed a half-page advertisement in the Spring issue of The Drake magazine.

ditional outdoor product manufacturing companies to our community. As part of these efforts, we have placed a half-page advertisement in the Spring 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 including 331 fly shops, 560 Barnes & Noble stores and hundreds of independent retailers. In addition to print, the publication is also available digitally. We will be placing similar advertisements in other outdoor lifestyle magazines in the future.

In addition to strategic ad placements, SEDC will also be attending the Outdoor Retailer Summer Market Show in Denver this July. This is the premier outdoor sports show in the nation with over 600 exhibitors from a variety of industries including backpacking, camping, hiking, climbing, skiing, mountain biking and fly fishing. The show will provide SEDC a unique opportunity to network directly with key decision makers and influencers from the outdoor product manufacturing market. This is extremely timely as Livability.com recently listed Spearfish as one of “The Best Home Base Cities for Adventure Enthusiasts.”

The SEDC Board and staff highly value the feed   back and ideas we receive from the SEDC membership. Please let us know if you have any personal or professional contacts in the outdoor products industry that you believe we should contact, or suggestions on this overall marketing initiative.

 

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.