The Sioux Falls Development Foundation has completed its largest land sale to date at Foundation Park to Amazon.com Services Inc.
Amazon has purchased 80 acres at the corner of Foundation Park and Marion Road for future use.
"The Sioux Falls Development Foundation is excited to have Amazon.com as our latest tenant in Foundation Park," president and CEO Bob Mundt said.
"Their 80-acre purchase is the largest single purchase to date for Foundation Park and we look forward to watching the parcel develop as Amazon implements their strategy in South Dakota. This is the type of project City and civic leaders envisioned in 2015 when Foundation Park was started and we look forward to similar developments in the future."
Additional details about the project will be announced by Amazon at a future date.
The Sioux Falls Development Foundation thanks the city of Sioux Falls and the state of South Dakota for their collaboration in this historic transaction.
"We're excited to finally announce that Amazon has selected Sioux Falls and Foundation Park as the site for a future facility," Mayor Paul TenHaken said.
"This announcement that an innovative Fortune 5 company plans to open a site in Sioux Falls speaks to how our business environment and economic climate continue to be a great place for companies to do business. We look forward to working with them to ensure their operation in Sioux Falls is a success story for all."
A $1.9 million CARES Act Recovery Assistance Grant from the U.S. Department of Commerce Economic Development Administration will support water, wastewater and roadway infrastructure to support the development.
The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $478,830 in local funds and is expected to create 1,000 jobs and generate $200 million in private investment.
"This investment comes at a crucial time for Sioux Falls' and South Dakota's economies to come roaring back and provide hard-working Americans with new opportunities," said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development.
"EDA is pleased to invest this CARES Act funding to improve infrastructure to create an industrial mega-site to aid the region's recovery. The project's location near a Tax Cuts and Jobs Act Opportunity Zone will drive additional investment to the state."
"South Dakota is open for business, and we're excited that Amazon is joining our South Dakota community," Gov. Kristi Noem added.
Foundation Park was announced five years ago as a partnership among the Development Foundation, the City of Sioux Falls and the State of South Dakota.
With the Amazon sale, about 180 acres have been sold so far, with tenants that include Win Chill LLC, Nordica Warehouses, Dakota Carriers and New Century Partners.
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