Sioux Falls a Best Performing City

Milken Institute’s Best-Performing Cities 2021: 

Sioux Falls No. 7 Best in the Small City category 

The Milken Institute’s Best-Performing Cities index tracks the economic performance of approximately 400 US metropolitan statistical areas (MSA) split between large and small cities. It uses an outcomes-based set of metrics—including job creation, wage gains, and high-tech GDP growth—to evaluate the performance of these cities relative to one another. Sioux Falls ranked No. 7 in the small city category.

Sioux Falls No. 10 in Economic Strength Rankings

POLICOM analyzes local and state economies, determines if they are growing or declining, identifies what is causing this to happen, and offers ideas and solutions to improve the situation.

From its research and educational programs, community and government leaders discover what is driving their economy and what the community will have to do to enhance the “economic quality of life” for the people living and working in the area.

In their most recent study, POLICOM, ranked Sioux Falls as the 10th out of 384 Metropolitan Statistical Areas for our economic strength in 2021.

Annual Reports

The Sioux Falls Development Foundation Annual Meeting Progress Report is a statistical and narrative summary of developments that have taken place within the community year-to-date. The report highlights activity within the Sioux Empire Development Parks and the Zeal Center for Entrepreneurship, as well as major industrial, office, commercial, healthcare and quality of life developments. The report is published every year in November in conjunction with the Sioux Falls Development Foundation Annual Meeting.

Community Profile

The Community Profile is the official publication of the Sioux Falls Development Foundation, and provides information on demographics, labor statistics, business and tax climate data as well as education, recreation and business services. The publication will give you a general overview of our community. If you have more specific questions about Sioux Falls, please contact us.

CJ Foods Selects Sioux Falls and Foundation Park

The Sioux Falls Development Foundation is very pleased to welcome CJ Foods USA, a global market leader in food production, to Foundation Park, Sioux Falls and South Dakota for their next major expansion. The announcement was made by the company on Monday, January 11.

“We are excited to continue working with them to finalize their project here in Sioux Falls,” said Bob Mundt, President & CEO of the Development Foundation. “This is the latest example of the vision that elected and community leaders had when they created Foundation Park in 2015 and the concept of a mega site for large scale development. We will continue to diversify our economy with clean, high tech manufacturing generating new high skilled living wage jobs in the region.”

The new facility will result in more than 600 new full-time jobs by 2025 and include automated state-of-the-art food production lines, a warehouse and distribution center, shipping and receiving docks, and office space. The project will represent an overall investment of nearly 500 hundred million dollars over the course of construction. Additional investments in the facility’s capabilities will be made as demand increases over the next several years.

Adding this world-class Asian food plant in South Dakota will help us lead the fast-growing Asian food category in North America and achieve our long-term growth plans.

Dimitrios Smyrnios, Executive Chairman of CJCJ Food, Americas and Schwan’s Company CEO

“This strategically important new investment represents an extremely exciting time for both CJ Foods and Schwan’s Company,” said Executive Chairman of CJCJ Food, Americas and Schwan’s Company CEO Dimitrios Smyrnios. “Adding this world-class Asian food plant in South Dakota will help us lead the fast-growing Asian food category in North America and achieve our long-term growth plans. Ultimately, this plant will meet the increasing needs of our retail and food-service customers by creating significant production capacity, fueling Asian food category growth, and enabling future innovation.”

To help facilitate the project, company leaders from CJ Foods and Schwan’s Company worked with state and local public agencies and officials in South Dakota, including: Gov. Kristi Noem; Governor’s Office of Economic Development Commissioner Steve Westra; Sioux Falls Mayor Paul TenHaken and Sioux Falls Development Foundation President & CEO Bob Mundt.

South Dakota is open for business, and we’re excited for this tremendous investment in our state.

Kristi Noem, South Dakota Governor

“South Dakota is open for business, and we’re excited for this tremendous investment in our state. The Sioux Falls community will benefit greatly from the new full-time jobs that this facility will provide,” said South Dakota Governor Kristi Noem. “I want to thank Dimitrios and everyone at CJ Foods and Schwan’s who worked with us to make this happen.”

More details about the specific products and brands that will be made at the facility, as well as renderings and more specific construction timelines, are expected to be shared this spring.

Executive Committee Named for 2021

Five business leaders with extensive experience serving Sioux Falls area organizations will lead the Development Foundation’s board of directors in the coming year. Named to the executive committee for 2021 are Pat Costello, Chairman; Kurt Loudenback, Chair-elect; Steve Kolbeck, Secretary; Holly Brunick, Treasurer, and Todd Ernst, Past Chairman.

Business Executives Join Development Foundation Board

The Sioux Falls Development Foundation added four local business executives to the organization’s board of directors. Elected through a vote of the membership, the board members began their terms of service on January 1, 2021.

Newly elected members are Julie Lautt, Avera Health, Clark Meyer, Concrete Materials, Tony Nour, First PREMIER Bank and Keith Severson.

Julie Lautt

Lautt is Chief Financial Officer for Avera Health. Named as Avera’s senior financial steward in 2020, she leads the Finance, Revenue Cycle and Information Technology (IT) divisions, Supply Chain Services and Managed Care Services. Lautt previously served as Vice President of Operational Finance. From 1999 to 2017, the USD graduate served Avera McKennan Hospital & University Health Center as Controller of Managed Hospitals, Vice President and Corporate Controller, Senior Vice President and Chief Financial Officer. Committed to community involvement, Lautt has served as chair of the Bishop O’Gorman Catholic Schools Board of Trustees, the Sioux Empire United Way Board of Directors and Sioux Falls Area CASA. She served as treasurer for the Ronald McDonald House Charities, an officer for the South Dakota Healthcare Financial Management Association (HFMA) and is a current member of the Principles and Practices Board for National HFMA. She also serves as board member for the USD Foundation Finance Committee.

Tony Nour

A native of Armour, SD, Nour is a graduate of Dakota State University and the University of South Dakota (MBA). Nour enjoys serving the community through board roles with Volunteers of America, Southeast Technical College and Sioux Falls Downtown Rotary, where he currently holds the position of Program Chair and President-Elect. He also serves on the South Dakota Bankers Association (SDBA) Legislative Committee and is currently Chair of the SDBA Emerging Leaders initiative. In his role as Senior Vice President – Relationship Banking, Nour is responsible for the overall growth, support and leadership of the Wealth Management, Private, Business, Retail, and Mortgage Banking teams in each of the markets First PREMIER Bank serves.

Clark Meyer

President of Sweetman Const. Co. doing business as Concrete Materials, Ellis & Eastern Company, and Rail to Road, Meyer has worked with the company since 1994. He started as a Computer Systems Manager and advanced to managing Aggregate Sales & Transportation. In 2005, he led the acquisition of the Harrisburg block plant and led the block division. He created the Hardscapes Outlet business model, and under his tenure, the block division grew to three block plants and six Hardscapes Outlet locations. In 2012, he created and became president of Rail to Road that specializes in transloading with five locations now. In 2016, he was named president of Ellis & Eastern Company, a shortline railroad. In 2017, the Ellis & Eastern acquired an adjacent railroad adding 41 miles to the network. In 2018, when Knife River Corporation, an MDU Resources Company, purchased all three companies, Clark was named President.

Keith Severson

A retired CPA, Severson remains active within the area serving various non-profit and community organizations. His professional career includes over 40 years in public accounting. He retired from Eide Bailly as a partner after having served a large concentration of clients in the construction, real estate and land development industries, and the wholesale and medical community. He is a former Board Member and Chairman of the Greater Sioux Falls Area Chamber of Commerce and continues to serve on their Community Appeals Committee and Issues Management Council. He is active in Downtown Rotary and a Forward Sioux Falls and United Way volunteer.

President’s Report: 2020 in Review

I’ve asked myself the question several times about how such a strange year could be such a good year. While the Development Foundation has experienced the same challenges as most in 2020, I have been proud of the way City, State, civic and business leadership has stepped up to the challenge. Despite the environment, many of our businesses and our city have seen significant growth and the Development Foundation has moved forward with several key initiatives while also responding to the business community and the challenges of COVID. While I certainly understand that several sectors of our economy including retail, restaurants and hospitality are still feeling the pain, I believe recovery and renewal is on the way.

In 2020 the Development Foundation continued to market, promote and develop Sioux Falls and has been successful in selling over 165 acres in our industrial parks, creating over 1,300 jobs and expanding the tax base of the region. Work continues on grading of additional land to create build-ready sites and working with our partners to finance and construct needed infrastructure. Our work with Corson Development Park has concluded and we now look to begin the development and build out of North Foundation Park. In addition, we have worked with our existing industries to assist with expansion plans and in accessing assistance through the PPP program, the CARES Act, and State programs to get through these difficult times.

Our talent and workforce development efforts continue as we have adapted to virtual recruitment strategies gaining access to over 80 universities, colleges and tech schools to recruit new talent. In addition, we have created a talent pipeline through STEM Initiatives in our area middle schools, Career Connection in our high schools, and various talent recruitment for our higher education contacts. Over 6,000 contacts have been engaged through our Talent Development programs connecting with over 80 businesses.

We will continue to respond to the needs of the business community in building Sioux Falls and look forward to a great 2021. Thank you to all our Forward Sioux Falls investors, Foundation members and community partners for making our progress possible. Your commitment is appreciated.

Bob Mundt
Story by:

Bob Mundt

President/CEO

Chairman’s Report: A Salute and A Vision

It is a great time to be taking the chair position with the Sioux Falls Development Foundation. Despite the challenges brought on by the COVID-19 pandemic, the decisions of past chairs, board members and Development Foundation leadership have set the table for our continued success. We have much to be proud of when reflecting on 2020, and we are in a position to capitalize on significant economic opportunities in 2021.

Thank you to Todd Ernst for his leadership as chair during 2020. The board and Foundation staff have had to respond to many unique challenges, and Todd was an excellent resource. Whether helping to shape office protocols related to the pandemic, overseeing personnel changes, or his continued management of our financial model, the Development Foundation would not be in the position of strength it is today without him.

Thank you also to Pam Hanneman, Paul Hanson and Jay Rasmussen, who retired from the board in December. These board members, along with Tom Kelley who we lost in October, helped guide the Development Foundation through an extremely exciting and somewhat risky time. They made the decision six years ago to move forward with Foundation Park and initiated one of the biggest and most complicated investments in our history coordinating with several partners and investors to provide what we have today. It is because of their vision and foresight that we have Foundation Park and are now seeing the product of their vision. Thank you to all board members, past and present, that have paved the way for where we are today.

As we move into 2021 with a focus on recovery and growth, the Foundation is poised for success and is laying the groundwork for next level development. Working with the City and our partners, we will expand our efforts to ready Foundation Park North and Sioux Empire Development Park VIII for new development and opportunities while focusing on our mission of job creation and property tax base expansion. Our workforce development efforts will continue to expand to meet the growing needs of our employers through the recruitment of professionals, skilled laborers, and production workers.  New programs will strive to connect our employers with the employees they need, the resources needed to get them here, and will help accommodate them when they arrive.

I am predicting 2021 will be a great year for Sioux Falls and I look forward to leading the Development Foundation as we capitalize on our opportunities. As always, thank you for your membership in and support of the Foundation. We could not accomplish great things without you, and I sincerely appreciate your involvement and dedication.

I wish you all the best in 2021 and Happy New Year.

Pat Costello

Pat Costello

Board Chairman

CJ Foods USA to Build World-Class Asian Food Production Facility in South Dakota

Major project to bring 600-plus new, full-time jobs to Sioux Falls, S.D.

(Los Angeles, Calif. — Jan. 11, 2021)  CJ Foods USA Inc. (CJ Foods), a U.S.-based affiliate of global lifestyle company CJ CheilJedang (CJCJ), today announced its plans to build a new 700,000-square-foot Asian food production facility in Sioux Falls, S.D.

The new facility, planned for Foundation Park in Sioux Falls, will result in more than 600 new full-time jobs by 2025 and include automated state-of-the-art food production lines, a warehouse and distribution center, shipping and receiving docks, and office space. The project will represent an overall investment of several hundred million dollars over the course of construction and will be funded through operating cash flow. Further investments in the facility’s capabilities will be made as demand increases over the next several years.

All foods made at the production facility will be sold and distributed by CJ Foods and Schwan’s Company, a fellow U.S.-based affiliate of CJ Foods. Once complete, people working at the facility will focus on making a broad range of Asian-style meals, sides, snacks and appetizers in the shelf-stable and frozen categories. The new South Dakota facility will represent an expansion of CJCJ’s Asian food production capabilities in North America, with CJ Foods already operating five Asian-style food plants in California, Ohio, New York and New Jersey and Schwan’s Company operating two in Texas.

“This strategically important new investment represents an extremely exciting time for both CJ Foods and Schwan’s Company,” said Executive Chairman of CJCJ Food, Americas and Schwan’s Company CEO Dimitrios Smyrnios.  “Adding this world-class Asian food plant in South Dakota will help us lead the fast-growing Asian food category in North America and achieve our long-term growth plans. Ultimately, this plant will meet the increasing needs of our retail and food-service customers by creating significant production capacity, fueling Asian food category growth, and enabling future innovation.”

“We thank state and local officials in South Dakota for helping to bring this project to Sioux Falls. We look forward to building a long-lasting relationship that will be mutually beneficial for CJCJ’s family of businesses and the residents of South Dakota,” added Smyrnios.

 

This strategically important new investment represents an extremely exciting time for both CJ Foods and Schwan’s Company

Dimitrios Smyrnios, Executive Chairman of CJCJ Food, Americas and Schwan’s Company CEO

Investing in Asian Food Marketplace Growth

CJ Foods is investing in the new Asian-food facility to support it and Schwan’s Company’s growth initiatives in the retail and food-service markets in North America. The two companies offer several Asian-style brands in both the food-service and retail sectors, including Bibigo®, Pagoda®, Kahiki®, Minh® and Annie Chun’s® foods.

Asian food is extraordinarily popular in the United States alone, representing a more than $38 billion industry across retail stores and food-service venues, which includes 70,000 Asian-style restaurants. Worldwide, the cuisine’s popularity is growing rapidly as consumers increasingly embrace more global flavors. In a recent study by Technomic®, a leading consulting and research firm, 23 percent of global food consumers say they are preparing more global flavors at home than two years ago. This rate was at 39 percent with millennials, according to the study.

“The growth and popularity of Asian cuisine is something we expect to continue unabated over the coming years, especially as consumers have the opportunity to increasingly experience high-quality, authentic global foods when dining out or preparing meals at home,” said Smyrnios. “We are excited to work with our retail and food-service customers to expand the Asian food category and create great consumer experiences.”

Working with South Dakota Public Officials

To help facilitate the project, company leaders from CJ Foods and Schwan’s Company worked with state and local public agencies and officials in South Dakota, including: Gov. Kristi Noem; Governor’s Office of Economic Development (GOED) Commissioner Steve Westra; Sioux Falls Development Foundation CEO & President Bob Mundt; and Sioux Falls Mayor Paul TenHaken.

“South Dakota is open for business, and we’re excited for this tremendous investment in our state. The Sioux Falls community will benefit greatly from the new full-time jobs that this facility will provide,” said South Dakota Governor Kristi Noem. “I want to thank Dimitrios and everyone at CJ Foods and Schwan’s who worked with us to make this happen.”

Groundbreaking Event in Sioux Falls Planned for Spring 2021

More details about the specific products and brands that will be made at the facility, as well as renderings and more specific construction timelines, are expected to be shared at an event at the Sioux Falls site of the future plant in the spring. Event attendees will include CJ Foods and Schwan’s Company leaders as well as South Dakota public officials.

About CJ Foods

CJ Foods USA Inc. is a U.S. affiliate of global lifestyle company CJ CheilJedang. Since its opening in 1978, CJ Foods has quickly become a major manufacturer and distributor of Asian food products with a focus on Korean food. Through brands like Bibigo® and Annie Chun’s®, the company offers an extensive range of packaged food products, including dumplings, noodles and sauces. Backed by a global company with more than 60 years of experience in the food industry, CJ Foods’ mission is to drive awareness of Asian food, especially Korean food, and provide only the best quality products to U.S. households across the nation. To learn more about CJ Foods, visit www.cjfoods.com.

About Schwan’s Company 

Based in Minnesota, Schwan’s Company is a leading U.S.-based manufacturer and marketer of quality foods offered through retail-grocery and food-service channels. Its many popular brands include Red Baron®, Tony’s®, Big Daddy’s®, Villa Prima™ and Freschetta® pizza, Mrs. Smith’s® and Edwards® desserts and Pagoda® Asian-style snacks. The company is an affiliate of global lifestyle company, CJ CheilJedang. To learn more about Schwan’s Company, visit www.schwanscompany.com.

About CJ CheilJedang 

CJ CheilJedang is the core subsidiary in charge of the food and bio business sectors of the CJ Group. It has led the development of the Korean food industry for the past 60 years and contributed to the development of the bio industry as the nation’s top food company. Launched in 1953 as a food ingredient company, CJ CheilJedang has expanded its business to processed foods. CJ CheilJedang has achieved outstanding growth, quantitatively and qualitatively, in food processing and food ingredients in the food business sector, as well as in the bio business sector. The company is striving to go beyond being the No. 1 in Korea to becoming a global leader in each business sector. CJ CheilJedang will continue to grow and evolve in the food & bio sectors by practicing the spirit of OnlyOne and develop into a global lifestyle company. To learn more about CJCheilJedang, visit www.cj.co.kr.

Media Contact:  Mike Smith, VP of PR & Communications,  507-537-8550, questions@schwans.com

Statement Regarding the CJ Foods Announcement

The Sioux Falls Development Foundation is very pleased that CJ Foods USA Inc., a global market leader in food production, has chosen Sioux Falls and South Dakota for their next major expansion and we welcome them to our corporate community.  We are excited to continue working with them to finalize their project here in Sioux Falls.

This is the latest example of the vision that elected and community leaders had when they created Foundation Park in 2015 and the concept of a mega site for large scale development.  We will continue to diversify our economy with clean, high tech manufacturing generating new high skilled living wage jobs in the region.  CJ Foods’ announcement is yet another indication of our city’s strong outlook for 2021 and beyond.

Bob Mundt
Contact

Bob Mundt

President/CEO

Sioux Falls No. 4 in Ease of Doing Business Ranking

The Doing Business North America (DBNA) project annually provides objective measures of the scale and scope of business regulations in 130 cities across 92 states, provinces, and federal districts of the U.S., Canada, and Mexico. It uses 111 data indicators spread over six categories to score and rank cities in regard to how easy it is to set up, operate, and shut down a business.

Focusing on city-level regulations, this study provides measurable benchmarks; objective measurements of regulatory conditions publicly-available to researchers and policymakers allowing them to track the improvement or decline in local regulatory conditions, providing context for potential policy reform.

For more information, visit: dbna.asu.edu

Source: Arizona State University – Center for the Study of Economic Liberty

Talent Thursday with Marsh & McLennan Agency

Talent Thursday with the Sioux Falls Development Foundation is a LIVE Facebook event at 3 PM Central every Thursday. During this 30-minute program, we share the career journeys of Teagan Molden and Kira Kimball from Marsh & McLennan Agency, about their experiences working in Sioux Falls, South Dakota, for a global insurance provider.

Talent Thursday with First PREMIER Bank

Talent Thursday with the Sioux Falls Development Foundation is a LIVE Facebook event at 3 PM Central every Thursday. During this 30-minute program, we share the career journey of Kimberely Munoz of First PREMIER Bank about her experience working for a community-oriented, nationally recognized financial services leader headquartered in Sioux Falls, South Dakota.

Talent Thursday with ISG

Talent Thursday with the Sioux Falls Development Foundation is a LIVE Facebook event at 3 PM Central every Thursday. During this 30-minute program, we share the career journey of David Doxtad, president and leader of a nationally recognized engineering firm, ISG, headquartered in Sioux Falls, South Dakota.