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Barron's has named South Dakota the Best-Run State in the Nation.

South Dakota is one of the 10 Best States for Young Adults


Valley Queen Cheese in Milbank was recently awarded the Kraft Foods Rick Stuedemann Award for supplier excellence.

Sioux Falls was named one of theTop 10 Best Cities for Families by Parenting

The GOED is looking for community partners for the 2012 Medical Design & Manufacturing trade show in Minneapolis 
Oct. 31-Nov. 1. Interested EDCs should contact Jen Lambley at 605-725-9200. 


Attention, Entrepreneurs! The GOED is holding an Entrepreneurial Symposium in Sioux Falls on Sept. 13. Persons involved in any stage of the entrepreneurial process – from inventors, to economic developers, to investors, to community leaders – are encouraged to attend.

“Gov. Daugaard is a strong believer that entrepreneurship and innovation are critical to the future of South Dakota,” said GOED Commissioner Pat Costello. “By bringing all the stakeholders together, we hope to develop a cohesive strategy of support for the potential and emerging businesses in our state.”

Session topics include: “What Makes a Great Community,” “Grassroots Entrepreneurial Ecosystem Development,” “Cultivating Entrepreneurial Ecosystems,” and “South Dakota Science and Technology Plan.”

For more information and to register for the symposium, please visit or call 1-800-872-6190.

Mel Ustad  

South Dakota’s voice will be heard by a national audience this month when the GOED’s Director of Commercialization Mel Ustad speaks at the2012 Livestock Biotech Summit in Kansas City.

The summit, which is organized by the Biotechnology International Organization (BIO), is the industry’s premier event in animal technology and opens discussions on genetics with industry leaders, academia, venture capitalists and government officials.

Attendees are encouraged to share opportunities to utilize biotechnology to help feed, fuel and heal the world’s population.

Ustad will sit on a panel in the session titled “Financing the Future of Food, Fiber and Pharmaceuticals” with Mark Allen, University of Missouri, Kansas City; Jason Hall, Missouri Department of Economic Development; and Mark Laurenzo, Iowa Department of Economic Development.

“This summit is a great opportunity to highlight South Dakota’s friendly business and biotechnology environment. As an agricultural-based state with several leading animal biotechnology companies, we are poised to be a leader in this industry sector,” said Ustad.

The last Summit was held in Sioux Falls in 2010. This year’s summit runs from Sept. 19-21.

Costello heaed shot  
Steve Watson  

In late August, the staff said farewell to outgoing Director of Business and Community Development Chris Maxwell, and took the opportunity to congratulate Steve Watson in his new role.

“Steve is our longest tenured business development representative and brings a wealth of knowledge in terms of our mission, our programs and our goals,” said GOED Commissioner Pat Costello. “He has been closely involved in creating our sales plan and played a lead role in training new business development representatives.”

Maxwell is returning to the private sector.

“While we are sad to see Chris go, we are grateful to have found such a qualified candidate for this position,” Costello concluded.

Watson can still be reached at 605-941-5550 or


This is a publication of the Governor's Office of Economic Development. Commissioner-Pat Costello; Deputy Commissioner-Nathan Lukkes; Marketing and Public Relations Director-Mary Lehecka Nelson; Editor and Designer-Jennifer Lambley. © Copyright 2012