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Foundation Park megasite primed for megajobs

SIOUX FALLS, S.D. — South Dakota’s newest business park, Foundation Park, is now open for development in Sioux Falls. Created in partnership with the Governor’s Office of Economic Development, the City of Sioux Falls and Forward Sioux Falls, the 820-acre facility has been designated as South Dakota’s first economic development megasite and offers the potential to create 8,000 jobs.

“World-class companies require global connectivity,” said Slater Barr, president of the Sioux Falls Development Foundation. “With high capacity utility and communication infrastructure in place and the transportation options this site offers, we can appeal to some of the largest projects in the country.”

The genesis of Foundation Park began three years ago, when the Development Foundation was working to recruit a very large international manufacturing firm that required a site of several hundred acres with rail service. SFDF optioned acreage and Sioux Falls was a prime contender for the company, until the project went on indefinite hold. The Governor’s Office of Economic Development and SFDF recognized the potential of the location for future large projects, and, with the addition of other contiguous land, the state’s first megasite was born.

Foundation Park’s size allows for maximum economic advantage by spreading infrastructure development costs over a large footprint. Phase I of the development is zoned for larger manufacturers, many requiring rail service, while Phase II is reserved for a single mega-project.

Source: South Dakota Governor’s Office of Economic Development Press Release

Source: Argus Leader

 

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