Wall Economic Development Corporation Celebrates Economic Development Week, May 6th - May 10th

Wall Economic Development Corporation is excited to celebrate Economic Development Week (EDW) from May 6th - May 10th. EDW, established by the International Economic Development Council, highlights the importance of economic development in our region and across the globe.

Economic development is crucial to Wall’s growth and prosperity. It encompasses various initiatives, from attracting new businesses to supporting existing ones, creating new job opportunities, and enhancing our community's overall quality of life.

“The goal of Economic Development is to help our existing businesses thrive and to provide a great place to live, work, and raise a family,” said Dawn Hilgenkamp, director at Wall EDC. Here’s how Wall EDC plays a critical role in the economic health of the Wall community.

Understanding the Role of Wall Economic Development Corporation

At its core, economic development in Wall, South Dakota involves a range of activities to attract, create, and retain jobs to foster a resilient and growing economy. This collaborative effort requires close coordination between businesses, government entities, and various community stakeholders to achieve sustainable success.

Wall Economic Development Corporation dedicates itself to supporting businesses in Wall. Our services include:

• Business Retention & Expansion (BRE): Support existing businesses to thrive and expand, creating jobs through infrastructure improvements and resource access.
• Marketing & Attraction: Develop and execute campaigns to attract businesses and talent, showcasing community strengths to internal and external audiences.
• Entrepreneurship and Small Business Development: Support small businesses and entrepreneurs with access to capital, space, and technical assistance.
• Real Estate Development: Engage in projects like industrial parks to stimulate economic growth.
• Incentives: Help businesses access financial services and incentive programs for growth and expansion.
• Workforce Development: Collaborate with agencies to ensure a skilled talent pool, understanding and addressing company workforce needs.
• Revolving Loan Fund: To provide gap financing to small businesses, enabling them to grow and create jobs by offering flexible and accessible capital opportunities.

Driving Economic Development: How Wall Economic Development Corporation Supports Business Success

Wall EDC has partnered with several organizations to contribute to business success in our city. One of our partners, Elevate Rapid City, helps Wall businesses by offering workforce incentives and grants for Wall businesses that attract new talent to the area. Another partner, Dakota Resources, supports thriving rural communities through community development loans, tax credits, and more.

Finally, As a member of the USDSA, Wall EDC has the ability to tap into the many resources the organization has to offer. This includes grants and other financial resources that may be used to enhance or attract business opportunities or to assist in developing areas to make our community more attractive to prospective businesses. Through partnerships like these, Wall EDC proactively supports both existing and new businesses in Wall.

Wall Economic Development Corporation: Your Partner in Business Growth and Development

During EDW, we celebrate the hard work and dedication of our economic developers and local leaders, who are committed to driving economic growth and improving our community's quality of life. We invite you to join us in recognizing their efforts and learning more about economic development's impact on our region.

To learn more about how Wall Economic Development Corporation can support your business or to get involved in our economic development initiatives, visit our website or contact us today.