Falls park sioux falls sd
Back Directions Newsletter

Development Foundation starts new era of real estate development

  • January 5, 2023

Historically, the Development Foundation has acquired farmland on the northern edges of Sioux Falls and invested in infrastructure to transform the land into business and industrial parks. These investments ultimately facilitated the creation of tens of thousands of jobs for the greater Sioux Falls region.

Development Foundation staff members take pride in managing the inventory of industrial acres available so as to always be prepared when existing area businesses are ready to expand and when new businesses look to relocate to Sioux Falls. Over the years, Sioux Falls, the surrounding communities, private businesses, and most importantly, our residents, have benefited from these efforts. Those benefits include finding meaningful employment, raising a family, growing a business, and pursuing a high quality of life here in Sioux Falls, South Dakota. Our mission “to collaboratively create quality economic growth and workforce development in the Sioux Falls MSA to improve our quality of life” will continue to guide (and drive) these efforts forward into the future.

As evidenced above, the Development Foundation has a long successful history in strategically developing real estate to accomplish specific goals. In quarter four of 2022, in partnership with Mayor TenHaken, Chief of Staff Erica Beck, Director of Planning & Development Services Jeff Eckhoff, and the Development Foundation’s Executive Board members Kurt Loundenback, Pat Costello, Steve Kolbeck, Ryan Boschee, and Kent Cutler, the Foundation identified an opportunity to leverage our institutional expertise, knowledge, and partnerships to strategically accomplish new goals. Goals that include supporting the community’s housing plan, slowing development sprawl, increasing land use efficiency, and ultimately keeping the Sioux Falls area investable for decades into the future. In order to preserve our mission and honor the storied legacy of the Development Foundation, this expanded scope of strategic land development will be operated by the newly formed Falls Area Development Corporation in partnership with the Development Foundation.

The Development Foundation is excited to begin a new era of real estate development for the betterment of our community and region. The Sioux Falls area has consistently achieved success for a litany of reasons, but the most important reason can be found in the mantra of our partner, Forward Sioux Falls: “A rising tide lifts all boats.” Transformational accomplishments for our community can only be achieved when private businesses, governmental bodies, and non-profits pause from competition and unite towards common goals. Our land development efforts, for both Sioux Falls Development Foundation and now Falls Area Development Corporation, rely on partnerships to be successful. We will achieve more by acting together, and we look forward to continuing to build successful partnerships in the future.