PADD stafff members Jerrod Haberman and Chuck Karpf visited the Black Hills Business Development Center yesterdy.
Jim Mirehouse, CEO of the center, discussed the formation of the center, a partnership of Rapid City, Lawrence County, Rapid City Economic Development Partnership, the state of South Dakota, South Dakota School of Mines and Technology and many other regional and local economic development entities. These entities 3.7 million dollars in funding for the 40,000 square foot facility came from several sources, including the state of South Dakota, Rapid City, the county, the EDA and other grant sources.
The center currently has 8 companies in residence and space for up to 3 more. In addition to the incubator/business development space, there is space for all of the regional development entities, including the SBA, SBDC, regional development district and regional loan fund. The center is located on the campus of South Dakota School of Mines and Technology and works with the college on various projects as well as providing both jobs for students as well as internships.
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