AGP Executive Report
Last update: 9 hours agoEconomic Policy: South Dakota House Republicans chose a new leadership team, with Taylor Rehfeldt becoming the first woman selected as majority leader. The shift follows a campaign season that returned lawmakers more open to state-backed economic development. Taxes and Utilities: Six counties—Custer, Fall River, Lawrence, Lincoln, Meade and Pennington—will begin a property-tax credit program Jan. 1, 2027, funded by a 0.5% county gross-receipts tax. Black Hills Energy customers, meanwhile, are set for a $27.3 million rate increase, adding about $16 a month for a typical household starting Dec. 1. Sioux Falls Housing: Northmarq closed $26.1 million in financing for a 350-unit multifamily property, underscoring continued investment in the city’s rental market. Mitchell Manufacturing: Jensen Design Build is planning an 11,000-square-foot warehouse addition to expand materials storage as lumber prices dip. Business Dispute: A Florida inventor is suing geothermal manufacturer Enertech Global, which operates a Mitchell factory, alleging it kept using his manufacturing technology after their licensing agreement ended; Enertech denies the claims.
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