Sturgis Economic Development Corp celebrates 50 years
STURGIS, S.D. – The Sturgis Economic Development Corporation held its annual meeting Tuesday night, and celebrated 50 years in the process.
The SEDC actively pursues economic development by assisting expanding or new business, industry and housing in Sturgis and Meade County.
Established in 1973, local businessmen formed the Sturgis Industrial Expansion Corp. (SIEC) as a private non-profit corporation to secure federal funds to create an industrial park. Today, the 45-acre Sturgis Industrial Park is home to 25 businesses and over 200 employees.
In 2007, SIEC realized the need to expand its industrial real estate focus and formally changed its name to Sturgis Economic Development Corp (SEDC). SEDC also targets residential and commercial development to focus on quality of place and additional revenue generation.
SEDC employs a full time Executive Director and is governed by a 12-member volunteer Board of Directors. SEDC is funded through property sales and leases, revolving loan interest, as well as the City of Sturgis, Sturgis Municipal Utility Board, Meade County, Investors and grants.
S.E.D.C. Executive Director Amanda Anglin offered a “thank you to the community, our local businesses and all of our great partners for helping us to do great things in Sturgis and Meade County.”
The meeting and celebration was held in the Sturgis Industrial Park.