ANNUAL

Spear�sh Economic Development Corporation’s

January 28th, 2021

VIRTUAL

41ST MEETING

Approved Budget

ExpEnsEs

REvEnuEs

JanuaRy 28th, 2021 at 5:30 pM

Welcome addressBarb Cline, 2020 SEDC President

new Board Members & 2021 Officers Barb Cline, 2020 SEDC President

Incoming president CommentsKevin Rhoades, 2021 SEDC President

City of spearfish highlightsMike Harmon, Spearfish City Administrator

sEDC update & 2020 Economic Development RecapKory Menken, SEDC Executive Director

Guest speakerDr. Laurie Stenberg Nichols, BHSU President

presenting of awards

2021 Spirit of Enterprise 2021 Award of Excellence

Closing RemarksKevin Rhoades, 2021 SEDC President

thank yOu tO OuR 2021 annual MEEtInG spOnsORs!

41st ANNuALMeetINg 2021

Membership Investment$53,000

Interest Income$5,000

Lease Revenue$114,000City Investment

$100,000

Sponsorships/Grants$14,000

Business Retention & Recruitment$54,000

Professional Training$2,000; Administration

$186,000

General Overhead$43,780

BOARD OF DIRECTORS

past president, cody byrumBlack Hills Community Bank

president, barb clinePrairie Hills Transit

president-elect, Kevin rhoadesWhite’s Canyon Motors

Vice president, Joe conklin City Brew Coffee/Qdoba

Secretary/treasurer, Whitney driscollTwo Points Ranch, LLC

mayor dana boke, City of Spearfishbrandon flanagan, Lawrence County Commission

tJ gusso, First Interstate Bankdarcy harbott, Donarski Lawncare & LandscapingWayne Klein, Landmark Realty & Development Co.

mandy Knight, Sanford Underground Research FacilityWill mcelroy, Sanford Underground Research Facility

Jason roberdeau, Williams & Associates Architecture, Incdr. priscilla romkema, Black Hills State University

Jenni Sneesby, Help-U-Rent ryan Wordeman, The Real Estate Center

ex-officioKirk easton, Spearfish School District Superintendent

mike harmon, Spearfish City Administratordr. Laurie Stenberg nichols, BHSU President

Please return to: Spearfish economic development corporation |106 W. Kansas St. | Spearfish, Sd 57783

___Diamond ($2,000 & Up) ___Platinum ($1,000-$1999) ___ Gold ($500-$999) ___ Silver ($250-$499) ___ Bronze ($125-$249)

inVeStor information: Business: ____________________________________________ Contact Name: _________________________

Address: _____________________________________________ Phone #: _____________________________ Email: ______________________________________________________________

to paY bY credit card:Name on Card: _________________________________________ Card #: ______________________________

Card Expiration Date: ______________________________ Security Code:______________

____VISA ____MASTERCARD ____AMEX

be a part of SpearfiSh’S groW th

SEDC OBJECTIVESProvide assistance to develop business and quality jobs in Spearfish

Attract new businesses seeking to expand or relocate

Facilitate access to funding for business development

Advocate for infrastructure projects to enhance local and regional commercial opportunities

2021 FOCuS AREASmarketing & communication• Business to Business Networking• Implement marketing strategies to promote SEDC member

businesses and properties• Marketing to targeted industries• Investor Educationbusiness growth• Promote SEDC members and facilitate growth of local

Spearfish businesses• Develop quality job growth• Cultivate entrepreneurial business opportunities for the

community• Workforce Recruitment & Development

2020 SEDC

BY THE

NUMBERSYear-end SpearfiSh economic indicatorS

Labor force 2020 2019 Total Employed 6,105 6,041 Unemployment Avg. 3.6% 3.3%

buiLding VaLuation Residential $33,525,559 $19,517,607 Avg. Cost Per Unit $ 331,936 $336,510 Commercial $4,179,939 $5,781,332 Total $54,968,747 $36,752,580

buiLding permitS iSSued Residential 101 58 Commercial 13 10 Total Permits Issued 567 355

LocaL SaLeS tax 2nd Penney Sales Tax $4,543,044 $4,239,368 Hospitality Tax $719,986 $705,224

SchooL enroLLment Spearfish K-12 2,361 2,409 Black Hills State University 3,608 4,035

Approved Budget

ExpEnsEs

REvEnuEs

JanuaRy 28th, 2021 at 5:30 pM

Welcome addressBarb Cline, 2020 SEDC President

new Board Members & 2021 Officers Barb Cline, 2020 SEDC President

Incoming president CommentsKevin Rhoades, 2021 SEDC President

City of spearfish highlightsMike Harmon, Spearfish City Administrator

sEDC update & 2020 Economic Development RecapKory Menken, SEDC Executive Director

Guest speakerDr. Laurie Stenberg Nichols, BHSU President

presenting of awards

2021 Spirit of Enterprise 2021 Award of Excellence

Closing RemarksKevin Rhoades, 2021 SEDC President

thank yOu tO OuR 2021 annual MEEtInG spOnsORs!

41st ANNuALMeetINg 2021

Membership Investment$53,000

Interest Income$5,000

Lease Revenue$114,000City Investment

$100,000

Sponsorships/Grants$14,000

Business Retention & Recruitment$54,000

Professional Training$2,000 Administration

$186,000

General Overhead$43,780

SEDCDIaMOnD InvEstMEntBlack Hills EnergyCity of SpearfishMontana Dakota UtilitiesMonument Health

platInuM InvEstMEntAinsworth-Benning ConstructionBlack Hills Community BankBlack Hills Urgent CareLandmark Realty & Development Co.Lawrence CountyPioneer Bank & TrustScull ConstructionWells FargoWhite’s Canyon MotorsWolff’s Plumbing & Heating

GOlD InvEstMEnt Auto ChoiceBlack Hills Pioneer Black Hills Title, Inc. Butte Electric Cooperative, Inc. Clark Printing Dakota Equipment Rental Dakota Title First Interstate Bank Golden West Technologies, Inc. Great Western Bank GSE Environmental Highmark Federal Credit Union Holiday InnKarl’s TV & Appliane, Inc.Ketel Thorstenson, LLP Knecht Home Center of Spearfish Lynn, Jackson, Shultz and Lebrun, P.C. Midcontinent CommunicationsRangel Construction Company, LLC Ring Container Technologies Security First Bank Spearfish Electric & Heating Spearfish Forest Products Spearfish Motors, Inc. SRAM/Quarq Technology, Inc. Sundance State Bank Timberline Builders, Inc.Top Shelf DevelopmentVAST Broadband Wal-Mart SuperCenterWestern Dakota Tech Williams and Associates

sIlvER InvEstMEnt 605 Media & Entertainment A & L Contractors, LLC All About Potential Family Chiropractic, PC Alpine Impressions Baron Properties, LLC

Black Hills Federal Credit Union Black Hills State University Bomgaars Supply Inc.Builder’s First Source, Pro Build Century 21 Spearfish Realty City Brew CoffeeCMG Financial CVD Construction Donarski Lawn Care & Landscaping Elkhorn Ridge Development at Frawley Ranches Fidler-Isburg Funeral Chapel Financial Advisors of the Black HillsFrontgate Storage Guadalajara Mexican Restaurant Hills Products Group Interstate Engineering Jake’s Collision Repair Johner & Son, Inc. Jorgensen Realty Kieffer Sanitation Konstant & Klein Appraisals, Inc. KTM Design Solutions Inc. Leavitt Heartland Insurance Martin/Martin Wyoming, Inc.Meyer & Dana Orthodontics Nelson Chiropractic Northern Hills Cinema Northern Hills Federal Credit UnionParamount Technical Products Perkins Family Restaurant Phaze Electric Prairie Hills Transit Precision Blending International Qdoba RCS Construction Rose Group Int’l Sabers Farmers Union Insurance Agency Sanford Underground Research Facility Spearfish Brewing Company Spearfish School District 40-2 The Countryside of Spearfish, Inc. Tropical Smoothie Cafe Turner Lee Consulting Two Point Ranch U.S. Bank

BROnzE InvEstMEnt 1st Avenue Plaza, LLCA-1 Transmission SpecialistsA&B Business SolutionsAlpine Impressions Amann Dentistry Ameriprise FinancialAmigos, LLC Animal Care Center of Spearfish Antunez Aspen SquareBest Western Black Hills Lodge

BHSU Newman Center Black Hills Laundry Captain Clean of the Northern Hills Century RE Development Chad & Mandy Knight Coca Cola Bottling CompanyCompass RoofingCreekside Bean & Vine Dana Dental ArtsD.C. Booth Historic National Fish Hatchery DKGREEN, LLCFinancial BenefitsFoxhammer, Inc. Gold Pages Publishing, Inc. Greg Hollibaugh, C.P.A. Help-U-RentHigh Mountain Outfitters High Plains Western Heritage Center HomeSource Furniture & FloorsHoward & Elaine Perry HUB InsuranceLantis Enterprises Lookout Mountain, LLC Mary FuroisMcDonald’s of Spearfish Minitman Food & FuelMount Rushmore Area Assoc. of Realtors Mountain Shadows Estates Moxie Marketing of the Midwest, LLC North Star Construction Northern Hills Technology/DBA Northern Hills Training Center Oakridge Development, LLC Pepsi Cola/Admiral Beverage Corporation Prestige Auto Sales Professional Mapping & Surveying Queen City Door Quik SignsRecreation Station, Inc. REDwater Kitchen Rick & Lori Little Rim Rock Lodge Robert P. Burnett Agency IncRobinson Builders, Inc. Sacrison Paving, Inc. Sharkey Plumbing & Heating, Inc. Spearfish Eye Care CenterSpearfish Physical Therapy Spearfish Sasquatch Speedy Mart, Inc. Stadler Industrial Service Taco Johns The Barn at Aspen Acres The Real Estate Center of Spearfish Visit Spearfish Western Sky Media, Inc. Williams Properties

MeMBers