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
By Kaija Swisher – Black Hills Pioneer
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
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
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
Spearfish 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
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.
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
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.
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
- 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.
- 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.
- 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
- 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!
- 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.
- 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.