What does the Sioux Falls Development Foundation do?
In 1954, a group of business leaders with a vision created the Sioux Falls Development Foundation, a non-profit economic development organization that works to improve the economy of the Sioux Falls area. Our work primarily facilitates the attraction of new businesses, the retention and expansion of existing firms, and the formation of new companies. We also provide a variety of professional services and information specific to site selectors.
Services include business location assistance for new and expanding firms, comprehensive information on available sites and buildings; utilities, demographics, labor information, business and tax climate, as well as quality of life. We also develop the Sioux Empire Development Parks, which are now home to more than 13,000 employees.
What is the difference between Forward Sioux Falls and the Sioux Falls Development Foundation?
Forward Sioux Falls is a five year program developed by community business leaders with specific initiatives they raise funds to achieve. Sioux Falls Development Foundation is one of the organizations that carries out the work of the program. In 1987, the Sioux Falls Development Foundation and the Sioux Falls Area Chamber of Commerce co-founded Forward Sioux Falls, a joint venture to fund strategic economic development initiatives. FSF has witnessed the creation of over 73,000 new jobs since 1990. During that period, construction activity totaled an incredible $10.5 billion and more than 40,700 new housing units were built.
How is the Sioux Falls Development Foundation funded?
The Sioux Falls Development Foundation is funded through a variety of sources. We are a 501(c)(6) non-profit corporation and receive funding from memberships, as well as contributions from the City of Sioux Falls, Minnehaha County and Lincoln County. We have contracts for services provided to the Lincoln County Economic Development Association(LCEDA) and the Minnehaha County Economic Development Association(MCEDA). Forward Sioux Falls provides funding for many marketing, promotion and workforce initiatives. Revenues are also generated through land sales in our industrial parks.
Why should I be a member?
As the Development Foundation works to encourage local business expansion and new locations in Sioux Falls, we bring additional customers to our community to benefit your services or products. Every new company means new employees, new families, new houses built, new cars purchased and has an impact on every segment of our economy. Our success helps increase your employee base, develop new suppliers for your company, keep your taxes in line and enhance your quality of life. Without our members' support, we simply could not continue our work to improve everyone's economy in Sioux Falls.
How can I be involved?
Please contact us at 605-339-0103. We would love to discuss ways that you can join us in working to improve our economy.
Why should I work with the Development Foundation when private brokers are available?
We maintain close relationships with the real estate community and encourage you to work with private brokers. For many business/industrial projects, we will spearhead a team of economic development professionals from the City of Sioux Falls or surrounding communities, the Governor's Office of Economic Development, labor and workforce development professionals, etc. – working together to help your growing business. The demands of most industrial projects simply require both the private sector and the public sector working together to meet their complex needs.
Who should I contact about:
Sites and buildings? Dean Dziedzic, Vice President
Regional Development? Nick Fosheim, Director of Regional Development
Incentives? Bob Mundt, President/CEO
Workforce? Bob Mundt, President/CEO
Demographic and economic data? Karen Ruhland, Director of Research and Communication Services
Membership? Bob Mundt, President/CEO or Karen Ruhland, Director of Research and Communication Services
Groundbreakings and events? Megan Jansick, Digital Marketing Associate
The secret is out: Sioux Falls is a better place to live. Our young, educated, well-trained workforce is expanding to meet the needs of both new and existing businesses and is creating a larger market for consumer goods and services. We are one of the fastest-growing areas in the nation, with a rate of population growth nearly four times the national average.Read More