The Board of Directors for Lincoln and Minnehaha County Economic Development Associations (LCEDA/MCEDA) approved a new service at their March board meeting. Starting in May, investor communities will be able to contract with the newly consolidated Sioux Metro Growth Alliance (SMGA) for economic development management services. This new service is designed to compliment the existing support offered by the SMGA and is available for an additional fee for investor communities.
How does this service work? An investor community economic development organization would contract with the SMGA to offer direct economic development management support. The SMGA would offer an economic development specialist to execute a pre-determined scope of services for the contracting entity. The contracting entity (economic development organization) would provide office space in their community for 10-20 hours per week and the SMGA would receive a management fee.
To provide this service, Ryan Solberg will be joining the SMGA as the Economic Development Specialist. As a Mitchell, SD native and Augustana University graduate, Solberg brings unique perspective thanks to past experience in the Planning and Development Services department at the City of Sioux Falls. Solberg most recently worked as a Loan Administrator at Builder Finance in Sioux Falls. The Lennox Area Development Corporation (LADC) has enlisted the SMGA in providing economic development management services. Solberg will work closely with the LADC to help them achieve their organizational goals and execute their economic development strategy.
If your economic development organization is interested in further assistance, contact Jesse Fonkert at jessef@siouxmetro.com for more information about this new, innovative service.