Forget flashy incentives. South Dakota is winning advanced manufacturing and foreign direct investment by doing the fundamentals better than most. In this episode of the Ribbon Cut podcast, we sit down with Adam Molseed from the Governor's Office of Economic Development to explore how South Dakota is carving out a competitive edge by being fast, friendly, and financially lean. We explore what makes this approach so effective, including: --> The role of revolving loan funds and regional partnerships in unlocking capital. --> How the state uses relationship-based development to build trust with corporate decision-makers. --> Why South Dakota is seeing new momentum in data centers, biomanufacturing, and advanced ag. If you lead economic development in a similar-sized state or region, this episode offers a blueprint for using strategic partnerships and a practical, business-friendly environment to create an even playing field where every business can thrive.
Forget flashy incentives. South Dakota is winning advanced manufacturing and foreign direct investment by doing the fundamentals better than most. In this episode of the Ribbon Cut podcast, we sit down with Adam Molseed from the Governor's Office of Economic Development to explore how South Dakota is carving out a competitive edge by being fast, friendly, and financially lean.
We explore what makes this approach so effective, including:
--> The role of revolving loan funds and regional partnerships in unlocking capital.
--> How the state uses relationship-based development to build trust with corporate decision-makers.
--> Why South Dakota is seeing new momentum in data centers, biomanufacturing, and advanced ag.
If you lead economic development in a similar-sized state or region, this episode offers a blueprint for using strategic partnerships and a practical, business-friendly environment to create an even playing field where every business can thrive.