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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