Business

City Announces First Agreement in Downtown Railyard Redevelopment

Rendering Courtesy: City of Sioux FallsSIOUX FALLS, S.D. – The City of Sioux Falls has announced a development agreement with Black Iron Railyard for the southern parcel of the downtown railyard. This is the first development agreement since the city purchased the land from BNSF Railway in 2015. The Black Iron Railyard development will include four acres of land south…

US retail sales rise at a healthy 0.5 percent pace in June

WASHINGTON (AP) – U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism. The Commerce Department said Monday that sales at retailers and restaurants increased 0.5 percent in June, following a big 1.3 percent gain the previous month. May’s figure was revised sharply higher from an initial…

Badlands Motor Speedway Back Up For Auction

BRANDON – It appears Badlands Motor Speedway is back up for sale. According to the speedway’s website, the Minnehaha County Planning & Zoning Office has rescinded a zoning ordinance decision that put the auction on hold. As a result, the speedway is scheduled to go to auction on Sept. 15 at 3 p.m. in Brandon. The website says the minimum…

TransCanada to move materials, prep sites for Keystone XL

PIERRE, S.D. (AP) – The Keystone XL pipeline developer says in a letter to a Native American tribal chairman that the company will start moving materials and preparing construction sites for the project in Montana and South Dakota. TransCanada Corp. said in the letter this week to Cheyenne River Sioux Chairman Harold Frazier, of South Dakota, that the work would…

Sturgis craft brewer to build new brewery

STURGIS, S.D. (AP) – A craft brewer plans to build a new brewery, taproom and gift shop on the site of a former campground in Sturgis. Knuckle Brewing Co. expects to break ground on the 15,000-square-foot brewery this fall and hopes to be brewing more beer by early next year. The Rapid City Journal reports owner Bryan Carter is also…

Report: SEC probes Facebook privacy issues

NEW YORK (AP) – A report says the Securities and Exchange Commission is investigating whether Facebook adequately warned its investors about privacy lapses involving the data mining firm Cambridge Analytica. The Wall Street Journal said Thursday that the SEC has requested information from Facebook on how much the company knew about Cambridge Analytica’s use of user data. The report cited…

11 workers laid off at Aberdeen, Watertown newspapers

ABERDEEN, S.D. (AP) – Dakota Media Group has laid off seven employees at the American News and the Farm Forum in Aberdeen and four workers at the Watertown Public Opinion. Dakota Media Group Publisher Kevin Shaw says the company is restructuring to increase profitability. An unspecified number of vacant positions also will remain unfilled. The layoffs represent about 7 percent…

Papa John’s founder resigns as chairman after use of racial slur

NEW YORK (AP) – Papa John’s says founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. The apology comes after Forbes cited an anonymous source saying the pizza chain’s marketing firm broke ties with the company afterward….

Quitting Facebook: Will It Hurt Business?

SIOUX FALLS, S.D. – In this digital age, it seems like everyone and everything has a Facebook page. The social media platform can also be a valuable tool for companies to market themselves to potential customers. However, one downtown Sioux Falls business made the announcement Wednesday that they are leaving Facebook, as well as its subsidiary Instagram. “Attention friends, followers,…

Smithfield Foods Files $12.5M Facility Expansion Plan

SIOUX FALLS, S.D. – A major Sioux Falls employer has filed plans for a multi-million dollar facility expansion. According to the city’s building permits website, Smithfield Foods was issued a commercial building permit for a $12.5 million holding barn addition to the meat processing plant. The news comes after the company received a $2 million permit in May for a…

South Dakota officials approve new 300-megawatt wind farm

PIERRE, S.D. (AP) – State officials have approved a roughly 300-megawatt wind farm in Grant and Codington counties of northeastern South Dakota. The South Dakota Public Utilities Commission on Tuesday approved a permit with conditions for constructing the $380 million project, which is expected to be finished in 2021. The Dakota Range wind project is expected to encompass up to…

Xcel to refund $10.9M from tax cut to South Dakota customers

PIERRE, S.D. (AP) – State regulators have approved an agreement to refund roughly $10.9 million to the thousands of Xcel Energy customers in South Dakota as a result of last year’s federal tax cuts. The South Dakota Public Utilities Commission voted Tuesday for the settlement, which also bars increases in base electric rates for the company’s South Dakota customers until…

Twitter’s fake account purge drags stock lower

NEW YORK (AP) – Twitter shares tumbled Monday after a news report quantified its purge of fake and malicious accounts, noting that the aggressive action could harm its user growth. Twitter has been open but vague about its crackdown, an effort aimed at preventing the spread of fake news and making its service more welcoming for real people. The Washington…

New Developments On the Way at Lake Lorraine

SIOUX FALLS, S.D. – New dining, shopping and even homes are on the way at Lake Lorraine in Sioux Falls. The growing shopping center is turning into your new “one stop shop” for consumers.   Lake Lorraine has brought in new places to shop, eat and even work out in Sioux Falls since it opened last fall.  Developers aren’t naming specific…