In the most recent CEO quarterly survey conducted by SiouxFalls.Business, existing industries in the Sioux Falls area reported a strong sentiment about business conditions and future prospects for growth. Over 75% of respondents reported overall conditions at their business as good or excellent and 93% reported the overall business climate in Sioux Falls as good or excellent. It’s no surprise then to see Sioux Falls area businesses continue to expand and make major investments into growing in our community. Here is a brief overview of the expansions underway by a handful of existing Sioux Falls area businesses:
Sanford leads the way with the top building permit in Sioux Falls so far in 2022 and after total buildout the expansion is estimated at $161 million. In June, the organization broke ground on the new 205,000 square-foot Sanford Orthopedic Hospital. This nine-story building will be built to the south of Sanford Children’s Hospital and will help in recruiting top health care talent to the region to serve the needs of our growing population.
CCL Label is a world leader in specialty packaging solutions for the consumer products and healthcare industries. The company initiated multiple expansion projects this year. The first was an $11.9 million greenfield project near Southeast Technical College and the second was a renovation of their existing facility to add additional product lines.
Graco manufactures premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. The company started a more than $15 million expansion when they purchased the former Wells Fargo corporate building at 3401 N. 4th Ave. immediately south of their current location and began construction to connect the two facilities. The renovated Wells Fargo space will provide additional capacity for manufacturing and assembly production.
Scherer is a locally owned grain processing solutions company started in the 1990s. The company has steadily grown alongside the growth of the region and will be the newest tenant in Foundation Park having completed the purchase of 10 acres of land. Construction will begin in the near future on a 120,000 square-foot facility and plans to add 30 new jobs.
Outdoor Gear is a family owned and operated winter apparel manufacturer and distributor headquartered in Sioux Falls. With more than 20 years of success, the company recently expanded in Sioux Empire Development Park VIII purchasing nearly 6 acres of land from the Development Foundation and constructing a $3.6 million facility.
SDN operates more than 50,000 miles of fiber in eight states throughout the region. The company is expanding their data center located in the northwest corner of Sioux Falls at the Mark Shlanta Technology Park. The company is more than doubling the footprint of the hardened facility for data delivery services.
Existing businesses in the Sioux Falls area provide for 80% of our community’s job growth, and the Development Foundation will continue to support businesses in their journey to expand and grow.
Are you looking to connect to additional resources to support your growth? The Sioux Falls Development Foundation can assist you in the following areas:
- Workforce development: The Development Foundation offers programs and initiatives to help you attract, retain and develop your workforce. Contact Denise Guzzetta, vice president of talent and workforce development, at 605-274-0475 or email@example.com.
- Business growth and expansion: Whether your business is planning an expansion in the next five years or facing risk factors impacting growth, the Development Foundation can help by discussing existing building space, available land, potential local and state incentives and other resources. Contact Mike Gray, director of business expansion and retention, at 605-274-0471 or firstname.lastname@example.org.