President’s report: Elections are critical

By: Bob Mundt, President & CEO

By the time you read this, we will be in the run-off phase of the recent elections to determine a new mayor and governor. Our statewide elected leaders may have changes as well; and our city council, county commission, and school board will have some new faces. New faces mean potential change to the dynamics of the local and state elected bodies that can affect the direction of projects, programs, funding, and the general willingness to begin or complete projects and strategies.

Sioux Falls has faced some critical challenges including carbon pipelines, data centers, the relocation of Smithfield, and a host of other economic and social challenges. Mayor TenHaken and the current City Council have listened to and done a good job of balancing the needs of our citizens and the needs of our community. Public service takes a strong heart and a strong mind to deal with tough issues and sometimes undeserved criticism.

The governor’s race and the various house and senate races across the state will most likely change the makeup of the legislature and potentially the direction of the state. New priorities may emerge over the next year, which will potentially change the way local governments, school districts, and economic development organizations react.

As we’ve heard many times, elections have consequences and we must be able to deal with the changes – positive or negative. Our state is at a crossroads with these changes, and it is critical that citizens vote, both in the runoffs and in the general election this fall. If you don’t exercise your right to vote, you give up your right to complain. We have an opportunity to vote our thoughts, beliefs, and convictions. I hope you take that opportunity seriously and encourage your family, friends, and employees to vote as well.

Make it an amazing summer and good luck to all our candidates. Thank you for stepping up to serve.

Chairman’s report: Moving forward

By: Clark Meyer, 2026 Sioux Falls Development Foundation Board Chair

As we near the halfway point of 2026, the Sioux Falls Development Foundation continues to move forward with grading plans in Foundation Park as more tenants choose to locate in South Dakota’s only mega park. With the 200-acre Smithfield announcement earlier this year and spring building activity in full swing, Foundation Park welcomes Amazon’s last-mile distribution facility, U.S. AutoForce, Krier & Blain, and Lamar, leaving roughly 40 acres south of the railroad tracks available for development.

CJ Schwan’s continues to make great progress on their new processing facility, with plans to open mid-2027. The ground north of CJ Schwan’s is currently being graded in preparation for the Smithfield construction in 2027, with additional prospects looking at remaining lots. Recent reports show that Foundation Park has added millions of dollars to the tax base, benefiting the city, county, and school district as development continues to create taxable property.

As our activity in the park grows, so does our need to attract and retain a talented workforce. Our Intern Sioux Falls, apprenticeship programs, and talent recruitment initiatives continue to improve our talent pipeline along with our tech schools and universities. Our high school programming offers students a path to directly enter the workforce after graduation. With over 400 interns in Sioux Falls this summer, our goal is to show them all Sioux Falls has to offer from a live, work, and play perspective by engaging them in local activities and programs in their non-work hours and also connecting them to the Sioux Falls Young Professionals Network and our non-profit community.

Our work with the new Sanford District is just beginning as we look to establish a structure and a strategic plan to redevelop the site.

Summer is a busy time and a great opportunity to maximize the work we do. We appreciate all the support from our investors and will continue to provide a tangible benefit for your investment.

Thank you for all you do. Have a great summer.

2nd quarter 2026 groundbreakings recap

Summer is here and so is groundbreaking season! We celebrated three exciting projects with groundbreakings in the second quarter of 2026. Read more about each one in the recaps below.

City of Sioux Falls: Kuehn Park Aquatic Center

The City of Sioux Falls broke ground on a new aquatic center at Kuehn Park, planned to be completed in summer 2027.

Back row (L to R): Brett Kollars, Tory Miedema, Kent Cutler, Jeff Griffin, Mayor Paul TenHaken and Councilor Jennifer Sigette.

Front row: Oscar Howe Elementary School students.

Interstates

Interstates broke ground on a new 60,000-square-foot, two-level facility to expand office capacity and support training, innovation, collaboration and company events to help meet growing space needs in Sioux Falls while supporting continued regional growth.

L to R: Darin Hage, Councilor Rich Merkouris, Randy Knecht, Scott Peterson – CEO, Tamien Dysart, Joel Van Egdom, Eric Moerman and Michelle McCord.

City of Sioux Falls: Fire Station 13

The City of Sioux Falls broke ground on a new fire station in northern Sioux Falls. The stand-alone fire station includes report-to-workspace for fire and building inspectors. The building is a single-story with a mezzanine, with an approximate building footprint of 12,500 square feet.

L to R: Miles Beacom, Mayor Paul TenHaken, Sioux Falls Fire Rescue Assistant Fire Chief Mark Bukovich, Sioux Falls Fire Rescue Chief Matt McAreavey, Councilor Jennifer Sigette, Becca Kollars and Chris Daugaard.

Your Future STEM Summer Day Camps connect students to high-demand careers

More than 200 middle school students spent June 10 and June 11 at Augustana University discovering how science, technology, engineering, and math connect to their own futures—and to the future workforce needs of Sioux Falls.

Now in its fourth year, the Your Future STEM Summer Day Camps are designed by the Sioux Falls Development Foundation and funded through Forward Sioux Falls to help students build early awareness of high-demand career pathways in construction, education, energy, engineering, healthcare, technology, and advanced manufacturing. As Sioux Falls continues to grow and diversify its workforce, giving students early exposure to these industries is one of the most important investments we can make in long-term talent development.

Middle school is a pivotal time for students to begin seeing themselves in future careers. It is also when academic habits, confidence, interests, and expectations begin to shape high school readiness, post-secondary planning, and long-term success.

“The pathway to tomorrow’s workforce starts before high school,” said Denise Guzzetta, Vice President of Talent and Workforce for the Sioux Falls Development Foundation. “Research from the National Center for Education Statistics shows that repeated STEM exposure before eighth grade increases the likelihood of pursuing post-secondary STEM by 3.4 times. That is why middle school is such a critical time to introduce students to career pathways in construction, engineering, healthcare, manufacturing, and other high-demand fields. Early STEM experiences help students connect classroom learning to real careers—from designing buildings and infrastructure, to advancing patient care, operating advanced manufacturing systems, and solving engineering challenges.”

Throughout the two-day camp, students participated in hands-on STEM lessons and career-connected activities led by Augustana educators, Sioux Falls-area businesses, and Augustana students. College students served as camp counselors and mentors, helping middle school students feel welcomed, supported, and excited to explore new possibilities. Morning rotations introduced students to biology, chemistry, education, and physics, giving them a foundation in core STEM concepts before applying those ideas through real-world activities with local employers. Aerostar led sessions on aerospace engineering and materials science, while POET introduced students to chemical engineering and biofuels.

A major enhancement in 2026 was the addition of afternoon industry tracks, which allowed students to choose a pathway aligned with their interests. Each track helped students connect STEM learning directly to careers that are growing in the Sioux Falls region.

The construction track, offered in partnership with the Home Builders Association of the Sioux Empire and the South Dakota Association of General Contractors, introduced students to skilled trades and the important role construction plays in supporting a growing community.

The engineering track gave students a look at the many ways engineering shows up in everyday life and industry. Students explored mechanical systems and robotics used in operations with HDR; learned how water purification treatment plants work with HR Green; designed schools and commercial buildings with ISG; and discovered how Viaflex creates eco-friendly membranes used as protective coverings.

The energy track focused on electricity and natural gas. Sioux Valley Energy’s mobile live wire trailer and MidAmerican Energy helped students better understand the systems—and the careers—that power homes, businesses, and communities.

The healthcare track, led by Avera Health and Sanford Health, helped students explore how the human brain functions while learning about related occupations in nursing, physical therapy, and occupational therapy. The sessions also highlighted the healthcare careers that will be essential as Sioux Falls serves a growing and increasingly diverse population.

The software engineering and technology track connected students to precision agriculture manufacturing with CNH and product development with Omnitech, including tools used in fintech, financial services, and other technology-driven industries.

For Forward Sioux Falls investors, the camp reflects a shared commitment to building the region’s future workforce earlier, more intentionally, and in direct partnership with employers. By giving middle school students meaningful exposure to STEM careers, the Your Future STEM Summer Day Camps help students understand why math, science, technology, creativity, and problem-solving matter—not someday, but now.

The goal is not only to inspire students for two days, but to help them build the awareness, confidence, and curiosity they need to keep exploring career pathways throughout high school, post-secondary training, and beyond.

As Sioux Falls grows, so does the need for a strong, skilled, and diverse talent pipeline. Investing in middle school STEM education is one way we can help ensure more students are prepared—and inspired—to step into the careers that will shape the future of our community.

Smithfield Foods selects Foundation Park: Project momentum continues through site preparation and infrastructure coordination

The Sioux Falls Development Foundation is pleased to share continued progress on one of the most significant economic development projects currently underway in Foundation Park. Following Smithfield Foods’ announcement of its planned new facility in Foundation Park, activity has accelerated as preparations continue to support the company’s future operations and long-term growth in Sioux Falls.

Since the announcement, extensive work has been underway to prepare the site for development. Grading activities are progressing according to plan, transforming the property into a construction-ready site while ensuring proper drainage, access, and long-term functionality. These early investments are critical to maintaining project timelines and creating a strong foundation for future construction activities.

In parallel with site preparation efforts, the Development Foundation has been actively coordinating with key infrastructure partners to ensure all necessary utilities are available to support the project. Regular coordination meetings are being held with Xcel Energy regarding electrical service requirements, MidAmerican Energy for natural gas infrastructure planning, and the City of Sioux Falls for water and sanitary sewer and wastewater service extensions. This collaborative approach is helping align schedules, identify opportunities for efficiency, and ensure utility infrastructure is delivered in a timely manner.

The Smithfield project represents another major milestone in the continued growth of Foundation Park and reinforces Sioux Falls’ position as a premier location for business investment and expansion. The Development Foundation remains committed to working closely with Smithfield Foods, utility providers, contractors, and local government partners to support a successful project outcome.

As grading progresses and infrastructure planning advances, we look forward to sharing additional updates in the months ahead. The momentum generated by this project reflects the strength of our community partnerships and the shared commitment to fostering economic growth, creating jobs, and enhancing opportunities throughout the Sioux Falls region.

Sioux Falls recognized as a Top 100 Best Place to Live in 2026

Sioux Falls, S.D., has been ranked a Top 100 Best Place to Live in 2026 by Livability!

“Our ‘Top 100’ is an annual data-driven collection of what we consider to be the best small to mid-size cities,” said Amanda Ellis, Livability.com Editor-in-Chief, in a news release. “As Americans face consistently evolving work dynamics and a desire for the best quality of life possible amidst inflation and uncertainty, our list celebrates places where people can more realistically build families, launch businesses and lead meaningful lives.”

We couldn’t agree more. From savings in cost of living to the quality of life our residents experience in Sioux Falls, we’ve always thought it was a great place to live.

Sioux Falls stands out for its exceptional performance in the housing & cost of living, amenities and transportation categories, proving it is a place where people can actually afford to live, work and play,” the release said. “Additionally, Sioux Falls has the highest overall LivScore of any South Dakota city featured on this year’s list.”

To learn more about the ranking and to see how other cities compared, click ‘learn more’ below.

After living worldwide, Minnesota couple embraces new Sioux Falls address

Tom Hammann and his wife, Sunny, needed a change of scenery.

They had spent more than 20 years in the Twin Cities — “we thought it was going to be a short gig,” he said — as he grew a decades-long career at General Mills specializing in supply chain management, and she worked as a registered nurse and then volunteered for multiple community organizations before becoming a certified Pilates instructor.

A photo of a man and a woman standing at a run/walk race finish line

They’re both military veterans, and he followed his father into a career of service.

“I was an Army kid who moved all over, including overseas, and by the time we got to Minneapolis, I was 32 and had moved 18 times,” Hammann said.

Still, they thought one more move might make sense. One of their adult children lives in the Twin Cities, while the other is in Omaha.

“We wanted to be a half day’s drive of both,” he said.

Years ago, the Sioux Falls Development Foundation began building name recognition for the city by purchasing radio advertising in the Twin Cities. The Hammanns remembered it.

“You used to hear a lot about coming to Sioux Falls, and a couple folks told us to check it out, so we came in October and really liked it,” he said. “We walked around downtown to the different restaurants and just got a good feel. So we said, ‘Let’s try something different.’”

They made the move late last year, downsizing from their home of 23 years into a downtown loft at Cherapa Place.

A photo of a man and a woman at an overlook of the Falls in Sioux Falls, SD

“We really like it,” Hammann said. “It’s a great building. We walked through and were amazed: concrete floors, tall ceilings, right downtown and very walkable even in winter. Lots of restaurants and shops, you name it.”

Not only that, his wife’s sister made the move too — and lives in the same building.

“We’re trying out a lot of restaurants, which is great,” Hammann said. “We’re looking forward to getting outside and walking and biking and doing a little travel in the area. Everybody liked it downtown, so we said, well let’s see if they have two places.”

They’ve tried curling at the Scheels IcePlex, gone to a Sioux Falls Stampede hockey game and recently made a trip to the Black Hills.

Two men and two women smile at an ice rink

Sioux Falls also will serve as the home base for Hammann’s small business. He started WTH Solutions in 2021, offering consulting services specializing in process improvement and geared toward the food industry.

“I love getting into manufacturing environments, and it’s a challenge every day helping teams get better and solve problems,” he said. “I’ve seen more change in the last five years than the previous 20 in the food industry, which is great to see.”

He has connected with Startup Sioux Falls — just a short walk from his new home — “and I expect I’ll join and use it as office space,” he said. “I joined the chamber and reached out to Feeding South Dakota for volunteer opportunities, so I’m slowly getting into the community, which is great.”

The Hammann family’s experience is indicative of what newcomers can expect in Sioux Falls, said Denise Guzzetta, vice president of talent and workforce development for the Sioux Falls Development Foundation.

“I love that they remembered hearing about Sioux Falls years ago and were intrigued enough to pay us a visit,” she said. “Once people arrive here, they quickly realize this is a special place. I can see how Tom, Sunny and their family are going to be able to continue to connect here and find this is a wonderful move no matter what your career stage.”

Hammann appreciates the convenience and flight accessibility at the Sioux Falls Regional Airport, easily connecting him with clients.

“I was pleasantly surprised there are a lot of options coming out of Sioux Falls to big cities,” he said. “I don’t think the fares are bad at all. I research traveling, and I’ve seen it’s cheaper to fly out of here than to drive to the Twin Cities or Omaha.”

To connect with his consulting business, visit here.

To learn more about making your own move to Sioux Falls, contact deniseg@siouxfalls.com.

Sioux Falls ranked second-most affordable city for rent in U.S.

Sioux Falls, S.D., has been ranked the second-most affordable city for rent in the U.S. by WalletHub!

Their ranking examined the median annual gross rent in comparison to the median household income for each city. For Sioux Falls, WalletHub found that 16.4 percent of median income is spent on rent.

“In the most affordable cities for renters, the median cost of rent is as low as 15% of the median income, compared to nearly 34% in the most expensive cities,” said Chip Lupo, WalletHub Writer and Analyst, in the article releasing the findings. “This gives people in the least expensive cities a clear financial advantage; the money they save on rent could go toward their emergency fund or savings for future home ownership.”

To see how other cities compared, view the map below or click the ‘learn more’ button to see the full ranking.

 

Day of Action draws 460+ volunteers to support dozens of community needs

The cereal is donated in bulk — but can’t be eaten until it’s moved into smaller bags, sealed and then put into boxes where it will distributed as part of a Feeding South Dakota donation to those experiencing hunger.

“It’s one of those things where you think, well, somebody has to do that, and today it’s us,” said Bob Mundt, president and CEO of the Sioux Falls Development Foundation.

As a six-person team, he and his colleagues recently joined more than 460 other volunteers as part of Sioux Empire United Way’s annual Day of Action, which completed 35 service projects across the region in a powerful afternoon of service and impact.

A photo of Sioux Falls Development Foundation staff in Day of Action shirts in front of a Feeding South Dakota Backdrop

Volunteers from local businesses, organizations, and the broader community spent the afternoon supporting nonprofit partners through hands-on projects ranging from outdoor clean-up and landscaping to organizing supplies and assisting with program needs.

In total, volunteers contributed an estimated 934 hours of service, demonstrating the collective power of individuals coming together to strengthen the Sioux Empire.

“Day of Action is a reminder of what’s possible when people show up for their community,” said Rachael Alwin, director of strategic philanthropy at SEUW.

“It’s not just about the projects completed in a few hours – it’s about building connections, supporting our nonprofit partners, and creating momentum that lasts well beyond today.”

The day began with a kickoff event at the South Dakota Military Heritage Alliance, where volunteers gathered for lunch and a brief program before heading out to project sites across the area. The event highlighted the ongoing needs within the community and the important role volunteers play in addressing them.

“Each year, Day of Action showcases the incredible generosity and spirit of our community,” said Lisa Romkema, CEO of Sioux Empire United Way.

“When hundreds of people come together with a shared purpose, the impact is immediate and meaningful. We are grateful to every volunteer, partner nonprofit, and organization that made today possible.”

For the Sioux Falls Development Foundation and other organizations participating in the event, “it’s a time for everybody to get together as companies and show support for the volunteer community and nonprofit organizations,” Mundt said.

“It’s one day for us to see what they do on a daily basis and it gives a launchpad for companies to consider volunteering on a regular basis.”

His team volunteers as a group and is encouraged on an individual basis to give time to causes each person supports.

“There are so many nonprofits doing valuable work in our community that can benefit from our time as much as our donations,” Mundt said. “Chances are, your business already has a relationship with Sioux Empire United Way through its annual campaign. Participating in volunteer opportunities is another meaningful way to connect with those in need in our community.”

To learn more about Sioux Empire United Way and how to get involved, visit seuw.org.

Does your business offer internships? This citywide program will amplify the experience

By the time she graduated from the University of South Dakota, business marketing major Katie Gellerman already had three internships on her resume.

While a student, she had interned at First Bank & Trust, Aerostar and within USD’s marketing department.

But she wasn’t done yet.

The Sioux Falls native applied for a competitive internship last spring at marketing firm Epicosity, knowing a full-time job wasn’t guaranteed but confident the experience would be worth it.

A photo of Katie Gellerman in front of awards

“I had heard from others who worked at agencies that it’s common to get an internship after you graduate, so I chose this path and was willing to take the risk because I adored the culture and every person I had spoken to here,” she said.

The bet paid off.

As an intern, she was put in charge of running a dozen social media accounts alongside her manager, gaining hands-on experience that immersed her in the field.

“They gave me a lot of freedom and say in the creative and strategy side, as well as the execution of social content, and it was fun,” she said.

A photo of people posing in front of a sand volleyball court

Her experience extended beyond the office through Intern Sioux Falls, a program designed to help interns build connections, explore the community and see a future for themselves in the city.

A selfie photo of two women with Cagey, the Sioux Falls Canaries' mascot

“I loved it,” Gellerman said. “I went to every single event they put on, from a Canaries game to educational events getting to learn about industries in Sioux Falls to networking events with other people my age. It was really fun, and they did a great job organizing it.”

A photo of two women in front of a Sioux Falls banner

That intentional mix of professional experience and community exposure is at the heart of Intern Sioux Falls.

Powered by Forward Sioux Falls, the Sioux Falls Development Foundation program is entering its fourth year. In 2025, more than 150 interns representing 56 local employers participated in its summer programming — a number that continues to grow as more companies look to strengthen their talent pipelines.

A photo of people seated at tables in a room observing a presenter

“The Intern Sioux Falls program is designed to bridge the gap between local employers and college students,” said Denise Guzzetta, vice president of talent and workforce development for the Sioux Falls Development Foundation. “It connects college students with internship opportunities in the Sioux Falls area and connects local employers with talented students seeking internships.”

A photo of people eating at tables

The program begins well before summer.

Through its online hub at siouxfalls.com/intern, students can explore internship opportunities from nearly 60 participating companies. The Development Foundation promotes these opportunities through on-campus career fairs and targeted digital outreach, helping employers reach candidates they might not otherwise connect with.

Once interns arrive in Sioux Falls, the program shifts to creating a sense of place.

A photo of interns seated across from each other at tables

A series of optional events throughout the summer introduces interns to the community, while helping them grow professionally and socially. Those events include a welcome lunch to kick off the season, service opportunities with Sioux Empire United Way, a downtown food tour, LinkedIn training paired with professional headshots, and casual networking events such as a beanbag tournament celebrating National Hot Dog Day. Interns also learn about the Sioux Falls Young Professionals Network and may take part in those events during their time in the city.

A photo of 5 interns with Downtown Sioux Falls, SD, in the background

The summer concludes with Intern Palooza, where employers join interns to celebrate their experiences and connections.

“Interns can participate in any or all events, depending on their interests and schedules,” Guzzetta said. “The goal is to help them feel more connected — not just to their workplace but to Sioux Falls as a whole.”

A photo of two women seated on the floor making tie blankets

For employers, the program adds another layer to existing internship efforts.

At Epicosity, interns already receive a structured, immersive experience. The agency hires three interns each summer for a three-month program spanning early summer through early fall, with roles that can include account service, design, media, content creation, creative writing or web production.

“Our interns get mentored by professionals at the top of their game,” said Eric Sivertsen, co-founder and CEO of Epicosity. “They also get to see all aspects of what a full-service shop like Epicosity does for clients across the United States and internationally.”

Interns also collaborate on a team project, applying their skills in a real-world setting and presenting results at the end of the program.

Epicosity joined Intern Sioux Falls last year, and Sivertsen said it enhances what the company already offers.

“It is a great complement to our program, both to create awareness for potential candidates about our internship program and to gain exposure to the vibrant community that is Sioux Falls,” he said. “This city is teeming with opportunities to launch a successful career.”

A photo of interns with the Sioux Falls Canaries mascots at a Canaries game

Equally important, he said, is the peer network interns build.

“It connects them with others that are at the same stage of life, building a support community of like-minded professionals that can share advice and opportunities alike,” he said. “The relationships formed today will be the teams that lead Sioux Falls tomorrow.”

For employers, that investment often pays off in long-term hires.

Gellerman was one of them.

Sivertsen already knew her through a mentorship connection at USD, but it was her approach and attitude during the internship that stood out.

“She possessed qualities that you cannot teach: passion, drive and curiosity,” he said. “Many employers are looking for candidates that possess the soft skills essential to running successful teams and are willing to work hard to learn.”

At the time, Epicosity didn’t have an open role.

“We didn’t have a position open when Katie first came to Epicosity, but we created one to ensure she was a part of our team,” Sivertsen said.

Gellerman was hired full time last fall as an associate media coordinator.

“It’s fun seeing it on the other side now, and I still get to bring what I learned as an intern into my full-time role,” she said. “They want you to have good technical skills and be willing to learn here, but the culture is a primary, and I think that’s why everyone meshes so well.”

Interest in internships — and in Sioux Falls — continues to grow.

Epicosity received more than 130 applicants for its most recent intern class, reflecting both the competitiveness of internships and the demand from students looking to gain meaningful experience.

At the same time, the Development Foundation continues to evolve Intern Sioux Falls to support both employers and interns. This year, the program introduced stipends for a limited number of employers looking to start or expand internship programs, along with additional guidance on creating meaningful internship experiences.

A photo of five women in front of a Feeding South Dakota backdrop. They are holding a sign that says 'Today We... Packed bags of food for 675 families to help end hunger'

Feedback from participants has been consistently positive.

“Interns have expressed they feel more confident in their networking skills and more connected to the Sioux Falls community,” Guzzetta said. “Employers value the program’s role in supporting professional development and encouraging interns to consider long-term careers in Sioux Falls.”

For employers considering participation, Guzzetta said there is still room to get involved.

The program is open to businesses of all sizes and industries, and participation can be tailored based on the number of interns and level of involvement desired.

“If you’re an employer looking to get involved with the Intern Sioux Falls program, we welcome interns across all industries and backgrounds,” she said.

For interns like Gellerman, the impact is lasting.

What began as one more internship helped launch her full-time career — and reinforced her decision to build her future in Sioux Falls.

“It was overall just a really good experience,” she said. “I had heard great things about it, and it delivered.”

To learn more

Registration is required for all Intern Sioux Falls events. Employers can reach out to deniseg@siouxfalls.com for information on dates, times and how interns may register, as well as to inquire about opportunities for stipends in the summer of 2027.

Moving Sioux Falls Forward: The Bancorp Bank

The future of financial services is being built in Sioux Falls, thanks to forward-looking businesses like The Bancorp.

The Bancorp Bank NA, based in Sioux Falls, is a wholly owned subsidiary of The Bancorp Inc., which trades on Nasdaq as TBBK.

A photo of a lounge area in The Bancorp's Sioux Falls, SD, office

“Sioux Falls has a proud history of leading the way in the financial services industry, and businesses like The Bancorp ensure that’s going to be the case for our next generation of talent,” said Bob Mundt, president and CEO of the Sioux Falls Development Foundation.

“This company’s mix of innovative products and workforce-friendly culture makes it an outstanding fit for our community.”

A photo of the breakroom space at The Bancorp's Sioux Falls, SD, office

Here’s a closer look at the business courtesy of executive vice president and chief operating officer Greg Garry and executive vice president and head of fintech solutions Ryan Harris.

A headshot of Greg Garry

Greg Garry

A headshot of Ryan Harris

Ryan Harris

Business name: The Bancorp Bank NA

Year founded: 1999

Year operations began in Sioux Falls: BankFirst Payment Systems began operations in 2002 and was subsequently acquired by The Bancorp in 2007.

Total employees in the Sioux Falls area: 205 and growing!

CEO/lead executive in Sioux Falls: Greg Garry, EVP, chief operating officer; Ryan Harris, EVP, head of fintech solutions

How would you describe your organization to someone not familiar with it?

Garry: The Bancorp is a technology-forward fintech bank that powers many of the financial apps and payment products people use every day.

Modern financial products like mobile wallets, checking account and lending apps, prepaid cards or embedded payment experiences are built through partnerships between payments technology companies and regulated banks because the customer-facing technology alone isn’t enough to power those products — they need a real bank with scalable technology and risk management infrastructure. That’s where The Bancorp comes in.

Instead of operating like a traditional bank with branches offering deposit accounts, car loans and mortgages, we partner predominantly with fintech companies to enable their ideas to become real financial products, something we sum up in our new tagline, “Bold ideas, realized.”™

What are the top three reasons you continue to locate in the Sioux Falls area?

Harris: Sioux Falls has remained a strategic location for us for three key reasons. First, it’s where our business was founded in the early 2000s, and we continue to benefit from a strong base of experienced, legacy talent that has grown with us over time.

A photo of the Big Sioux conference room at The Bancorp's Sioux Falls, SD, office

Second, both South Dakota and Sioux Falls offer a highly supportive and business-friendly environment, which enables us to operate efficiently and focus on long-term growth.

Third, we’ve been able to consistently attract dedicated, high-quality talent who appreciate the value of in-person collaboration and are motivated to solve meaningful challenges for our partners.

When you combine these factors with a cost structure that avoids many of the constraints associated with traditional financial hubs, Sioux Falls becomes not just an obvious choice but a deliberate competitive advantage for our business.

What are you most proud of within your business in the past year?

Garry: Along with continuing to deliver exemplary financial performance for our shareholders, this past January we introduced a refreshed brand that more clearly reflects our focus as a fintech-driven bank and the role we play in powering modern financial experiences. It wasn’t just a visual update — it was a meaningful step in clarifying our identity, strengthening how we show up in the market and positioning us for continued growth. We’re incredibly proud of how we brought our brand into alignment with both who we are today and where we’re going.

What do you see as the biggest challenge facing your business?

Garry: As the fintech landscape matures, the challenge is less about keeping up and more about leading through increased complexity in demand. We’re focused on continuing to scale thoughtfully, evolve our capabilities and set the standard for how innovation and strong governance can work together.

A photo of work stations with artwork on the wall

How would you describe the culture of your business in three words?

Harris: Dynamic. Engaged. Impactful.

Why does your business choose to invest in Forward Sioux Falls?

Harris: For me, this is both professional and personal. I grew up in the area, so investing in Forward Sioux Falls isn’t just about supporting economic development — it’s about contributing to a community we care about. I am unapologetically biased, but I believe Sioux Falls, and the Midwest at large, has a work ethic and talent base that is really second to none. Coupled with a collaborative business environment and a real sense of momentum and commitment to growth of the workforce, it really begs the question “Why wouldn’t we?”

Through Forward Sioux Falls, we’re able to play a small role in sustaining and accelerating that growth, helping attract talent, support local businesses and ensure this remains a place where companies like The Bancorp and the people who work here can continue to thrive.

What specific advantages or values have you found to partnering with Forward Sioux Falls and its programs?

Garry: Our partnership with Forward Sioux Falls is valuable because it connects us to a broader effort to grow and strengthen a market that’s important to our operations. As a national bank with a strong presence in the fintech ecosystem, access to a skilled, evolving talent base is critical, and Forward Sioux Falls plays a key role in supporting that. It also creates opportunities to collaborate with other business and community leaders who are equally focused on innovation and long-term growth. That alignment not only benefits Sioux Falls but also supports our ability to continue delivering value for our partners and shareholders.

A photo of The Bancorp's office in Sioux Falls, SD

What are your expectations for your business in the year ahead?

Harris: Looking ahead, we expect to build on the strong momentum in our fintech solutions team by deepening existing partnerships and bringing new, innovative products to market. As demand for embedded finance and modern payment experiences continues to accelerate, our focus will be on scaling our capabilities, investing in technology and maintaining the robust risk and compliance foundation that underpins everything we do.

This continued growth creates meaningful opportunities for both current and future employees. We remain committed to expanding our presence in Sioux Falls by attracting, developing and retaining the talent needed to support our long-term strategy.

Forward Sioux Falls is a joint venture between the Greater Sioux Falls Chamber of Commerce and the Sioux Falls Development Foundation and is widely respected as the premier economic driver for the Sioux Falls region. To learn more and connect, click here.

Sioux Falls ranked fourth-best Midwest metro for tech workers

Sioux Falls, SD, is consistently recognized as one of the best places to do business. Businesses of all sorts thrive in our community.

One area of growth is the cyber and tech sector. CommercialCafe has ranked Sioux Falls as the No. 4-best Midwest metro for tech! Earning the top spot in the quality of life index, Sioux Falls represents a unique opportunity for tech workers to have lower costs of living – 10 percent below the national average as of September 2025, the findings showed.

“As part of our ongoing regional series examining tech ecosystems across the U.S., CommercialCafe ranked Midwest metros to identify where the tech sector and its workforce have the strongest foundations to succeed,” the release of the findings said. “Using the latest data, we selected all metro areas in the region with populations of more than 200,000 and awarded them points based on nine metrics, including density of tech establishments, percentage of jobs in tech, median earnings for tech workers, and a composite quality-of-life index. Keep reading to find out more about the ranking and each metro’s individual scores across indicators.”

To learn more about the ranking and to see how other cities compared, click ‘learn more’ below.

California chef begins making mark on Sioux Falls restaurant scene

Chef Andrew Moller was ready for a taste of somewhere different.

His kids had grown up, he’d met someone online, and when he visited her in Sioux Falls, it was enough to make him make a move.

“I kind of liked it,” he said. “I love California, but it’s just so expensive, so I was ready to go somewhere else, and I didn’t know where.”

Born in Santa Barbara, Moller began working in kitchens when he was 15. He moved in and out of the restaurant industry in his 20s, then took a hiatus as his kids got older and worked remotely in a role with the produce industry.

The last restaurant he worked in before moving to Sioux Falls was Scratch Bar & Kitchen in Los Angeles, from a hospitality group with multiple Michelin stars led by Phillip Frankland Lee. Chef Lee held a Food Network record for most consecutive wins on shows such as “Chopped,” “Guy’s Grocery Games” and “Cutthroat Kitchen.”

“We were doing a tasting menu, like an 18-course menu where guests sat in the kitchen, and there were no servers,” Moller said. “It was very theatrical and fun.”

Since moving to Sioux Falls last summer, he made connections quickly that led him to take on a new kitchen — inside The Treasury in downtown Sioux Falls, where he serves as executive chef.

A photo of Andrew Moller

“I had done a couple of events in Sioux Falls, and I think one of the menus I’d put together got posted, and I ended up talking to someone who asked if I was interested,” he said. “When you move, you don’t know anybody, but someone who didn’t even know me well reached out.”

Once he learned more about The Treasury and the broader Carpenter Bar local ownership group, “I loved all the spaces,” he said.

“I’m not a designer, but I care about plating, and I tend to notice things aesthetically. I really liked the setting at The Treasury. I like elevated food but very casual. That’s what we curated at Scratch. It was a lot of interaction with guests and absolutely a food destination.”

A photo of the Treasury lounge in Sioux Falls

He just launched his first menu at The Treasury — a blend of classic favorites with the chef’s own signature elements. He jokes that he’d never heard of “hot dish” until he arrived in South Dakota but quickly brought his own take to it.

“Right now, I’m into Asian sauces and flavors, and nostalgic dishes that are approachable and elevated,” he said. “So maybe it’s a new ingredient or new way of saucing or presenting it. Even if it reads somewhat confusing, when you taste it, it should be very familiar.”

A photo of a plated bowl and a beverage

As he has settled into Sioux Falls, “I like it,” Moller said. “I’m getting out more and learning and exploring, but I do like it. It’s a good-sized town. It’s not so small that there’s nothing to do.”

He’s looking forward to finding a place to live downtown, which will allow him to walk to work.

“There would be no chance I would live anywhere close to a downtown area, like in Pasadena,” he said. “It would not even be a question, so this opens up a lot of opportunity to be in a more active downtown setting.”

The cost-of-living improvements show up everywhere, he added.

“I got so used to always paying for parking — every time you go somewhere in LA, it’s $16 to $20 to park somewhere,” Moller said.

“And traffic is much better, obviously. So you’re saving in fuel, in energy, in taxes. The state takes 9.5 percent (in sales tax), so from an affordability standpoint, it’s night-and-day different.”

The blend of cost of living with quality of life is a key advantage to Sioux Falls, said Denise Guzzetta, vice president of talent and workforce development for the Sioux Falls Development Foundation.

“New residents generally tell us they find that universally, but when you move from an area like California, it’s an especially significant difference,” she said. “Chef Andrew is going to find an entirely different landscape here when it comes to budgeting, along with so many ways to grow a career in our thriving food scene.”

That’s already becoming apparent, Moller said.

“I feel like for the size of the town, there are a lot of talented people here,” he said. “I think we’re all in the same boat of trying to figure out what sticks and is sustainable. I think there are a lot of people here who want to enjoy and explore food, and I’m eager to help offer that to them.”

To learn more about making your own move to Sioux Falls, contact deniseg@siouxfalls.com.

Moving Sioux Falls Forward: Diamond Mowers

Cities and contractors across the country soon could be maintaining their properties with state-of-the-art new equipment developed and manufactured in Sioux Falls.

Diamond Mowers recently introduced the DM360, an all-in-one solution as an industry-leading boom mower and fully featured multifunction machine.

A photo of Diamond Mowers' DM360 machine near some branches

With the signature rotating cab and boom combination, the DM360 gives operators a true 360-degree operational advantage, with improved comfort and clear sightlines to every task.

Advanced features such as joystick steering, all-wheel steer and industry-leading left-hand mowing capabilities expand what operators can do on the job. These innovations simplify roadside mowing, allowing crews to work more efficiently and safely while staying aligned with the flow of traffic, reducing risk and boosting productivity.

“This represents a major leap forward in how municipalities can think about roadside mowing,” said Wayne Baumberger, CEO of Diamond Mowers. “We built the DM360 to solve real challenges our customers face every day: visibility, safety, uptime and versatility. This platform sets a new benchmark for what a dedicated carrier can deliver.”

It’s the latest innovation for a company that has been growing in Sioux Falls for more than 25 years.

A photo of a man observing boxes that say 'Genuine Diamond Parts' on a conveyor

“Diamond Mowers is exactly the sort of employer that supports diversified industry opportunities in our area,” said Bob Mundt, president and CEO of the Sioux Falls Development Foundation.

“From design and manufacturing roles to corporate leadership and support, it offers exceptional careers and has the potential to grow along with our community.”

We got a closer look at the company courtesy of chief human resources officer Cindy Newman.

Business name: Diamond Mowers

Year founded: 2000

Year operations began in Sioux Falls: 2000

Total employees in the Sioux Falls area: 200

CEO/lead executive in Sioux Falls: Wayne Baumberger

How would you describe your organization to someone not familiar with it?

Over the years, we’ve grown from a small startup to a leading manufacturer of mowing, mulching and brush-cutting attachments for skid-steers, tractors, excavators and wheel loaders. Today, Diamond Mowers is known for our innovative designs, rugged durability and unwavering dedication to our customers’ success.

What are the top three reasons you continue to locate in the Sioux Falls area?

Midwest values, culture and work ethic.

What are you most proud of within your business in the past year?

We’re most proud of launching the Municipal Maintenance Machine — DM360 — which stands out at the intersection of innovation and infrastructure. This machine is a game-changer for our organization.

What do you see as the biggest challenge facing your business?

Our biggest obstacle continues to be the unpredictable economic environment.

How would you describe the culture of your business in three words?

Passion, grit and determination.

Why does your business choose to invest in Forward Sioux Falls?

Diamond Mowers is firmly committed to investing in our region as we believe it is essential to our further growth and success.

What specific advantages or values have you found to partnering with Forward Sioux Falls and its programs?

We just started partnering with Forward Sioux Falls, but I hope to build upon this relationship.

What are your expectations for your business in the year ahead?

We will continue to launch innovative products and partner with our customers in the field.

Forward Sioux Falls is a joint venture between the Greater Sioux Falls Chamber of Commerce and the Sioux Falls Development Foundation and is widely respected as the premier economic driver for the Sioux Falls region. To learn more and connect, click here.

Nationwide food manufacturing career leads CJ Schwan’s plant director to Sioux Falls

It won’t be long before Sam Douglas will be leading a team of 650 people in Sioux Falls as CJ Schwan’s opens its new Asian food production facility at Foundation Park.

The plant is scheduled to begin producing egg rolls and steamed dumplings for the company’s food service customers as well as bibigo and Pagoda brands by mid-2027. But Douglas will be on-site long before that, planning to fully relocate to Sioux Falls from New Jersey by May.

A photo of Sam Douglas in front of a building project

“I’ve come out to South Dakota several times already and have had the opportunity to meet a lot of people around town,” Douglas said. “I really love the friendly and warm people and culture.”

Douglas, a Chicago native, has traveled the country building his career. A Navy veteran, he followed his father into military service and became an electrician helping with the nuclear side of how a ship is powered.

After his service, he became a maintenance supervisor at a small baked goods factory in Michigan and found a love for the food manufacturing industry. It took him to other roles in Maryland, making food spreads; Chicago, making mayonnaise; then Missouri, where he worked in leadership for a production facility making Knorr rice and noodle sides.

He most recently shifted out of the food industry, leading a factory in Long Island, New York, that made beauty and personal care products.

In 2024, he returned to the food side with CJ Schwan’s, leading an Asian food production facility for the company in New Jersey.

“So we’ll be transferring some of that knowledge over here to Sioux Falls to this facility,” he said.

A photo of a building under construction

“We’re also moving about six people onto the leadership team from other CJ Schwan’s facilities. They’ve come out to see the area and have had the same positive experience with people that I have.”

Douglas already has found a house he likes near Augustana University and has found his favorite neighborhood restaurant in Grille 26.

“It’s a beautiful neighborhood, and everyone is very friendly,” he said. “My neighbor came by just to say hi and introduce himself.”

As his kids have visited, “they really liked Sioux Falls too,” he said. “I’ve had a chance to explore some different places downtown, and I’m hearing about the free concerts there, so I’m excited for the summer to roll around.”

Having never been to Sioux Falls, “it first conjured up an image for me that was totally the opposite of what’s here,” Douglas said. “The level of development going on, the growth going on and just the business-friendly environment is a pleasure. There’s a beautiful downtown, so much artwork. It was different than I was expecting, and I was pleasantly surprised.”

His experience is consistent with many who move to the city, said Denise Guzzetta, vice president of talent and workforce development at the Sioux Falls Development Foundation.

“We’re so excited to welcome Sam as a new leader in our business community and are glad he’s already feeling at home here,” she said. “He brings such a range of industry experience, and the culture he’s part of at CJ Schwan’s is one that will benefit hundreds of area talent and their families.”

Douglas now has a chance to build his team here. He’s filling a few open slots on his leadership team and will begin hiring more technical roles later this year and hundreds more people early next year.

A photo of Sam Douglas and other workers looking at building plans

“We’re going to have a full training program,” Douglas said. “We don’t expect people to come in knowing how to make steamed dumplings and egg rolls.”

There are roles for production and packaging, maintenance, mechanics, electrical, technicians, supply chain operations “and the full gamut when you think of a factory,” he said. “HR, food safety and quality, environmental health and safety — just a wide range of opportunities available.”

He sees the same opportunity for others to grow their careers at CJ Schwan’s as he has enjoyed in the industry.

“CJ Schwan’s is a great company,” Douglas said. “The site is going to be the largest Asian-style manufacturer in the U.S. We’re building this generational opportunity in Sioux Falls, and it’s our Asian manufacturing hub, so there’s a lot of opportunities for growth. We need 650 people, and I’m told there’s a lot of good talent in Sioux Falls.”

He has been impressed by how many of his colleagues have been with the company 30 or even 40 years, he added.

“You don’t stay that long if it’s not a great company,” he said. “It’s just a very exciting opportunity.”

To learn more about growing your career in Sioux Falls, contact deniseg@siouxfalls.com.