TEREX UTILITIES AVAILABLE PROPERTIES

TEREX UTILITIES AVAILABLE PROPERTIES

TABLE OF CONTENTS Contents

About Watertown ___________________________________________________________________________________________ 1

Watertown History ______________________________________________________________________________________ 2

Median Residential Home Price ________________________________________________________________________ 2

Demographic Information ______________________________________________________________________________ 2

Education ________________________________________________________________________________________________ 3

Top 10 Major Employers In Watertown _______________________________________________________________ 5

Watertown’s Major Industries __________________________________________________________________________ 5

About South Dakota ________________________________________________________________________________________ 7

Financing & Incentives in South Dakota __________________________________________________________________ 8

Taxes in South Dakota ______________________________________________________________________________________ 9

State Taxes _______________________________________________________________________________________________ 9

Sales Tax _________________________________________________________________________________________________ 9

Municipal Sales Tax ____________________________________________________________________________________ 10

Use Tax __________________________________________________________________________________________________ 10

Real Property Taxes ____________________________________________________________________________________ 10

Unemployment Insurance _____________________________________________________________________________ 11

Workforce Development _________________________________________________________________________________ 13

The South Dakota Workforce Development Program ________________________________________________ 13

Watertown Development Company Attract & Enhance Program ___________________________________ 17

The Dakota Seeds Program ____________________________________________________________________________ 17

Corporate Education ___________________________________________________________________________________ 17

Telecommunications _____________________________________________________________________________________ 19

Utilities ____________________________________________________________________________________________________ 20

Terex Properties Available Soon ________________________________________________________________________ 21

Contact Information ______________________________________________________________________________________ 22

About Watertown Development Company _____________________________________________________________ 23

Watertown Development Company’s New Industrial Park __________________________________________ 25

Watertown Development Company New Industrial Park – Proposed Site Plan ____________________ 26

ABOUT WATERTOWN

Page 1

About Watertown

BUILD AND GROW IN WATERTOWN

Watertown, South Dakota, is one of the most progressive communities in a state defined

by business-friendly governments and hardworking citizens. If your business is ready to

relocate or expand, Watertown is ready for you. Whether you seek a shovel-ready site or

Class A office space, our experts are able to assist you in every step from first visit to

grand opening. We’re ready to welcome you to Watertown.

WORK AND LIVE IN WATERTOWN

Located on the junction of Interstate 29 and U.S. Highway 212, Watertown is filled with

abundant career opportunities and possibilities. Our friendly, hardworking folks abide by

the foundational principles of honesty, dependability, and kindness. Our neighborhoods

are clean and safe, and we would love to call you our neighbor.

WATERTOWN WORKS

We are one of the most progressive communities in South Dakota. With plenty of room to

work, live and play, we invite you to come see why Watertown Works for you. Watertown

has plenty of jobs in the fastest growing fields. New businesses are sprouting up and

existing businesses are expanding. Over the last few years, the city has invested $65.6

million in infrastructure improvements, including a new aquatic park, library, and a new

rec center.

Watertown is home to world-renowned artists, outstanding hunting and fishing, and Lake

Area Technical Institute, voted one of the top five two-year schools in the country for three

years running.

Visit WatertownWorks.com to learn more!

ABOUT WATERTOWN

Page 2

WATERTOWN HISTORY

Watertown was founded in 1879 as a rail terminus when the Chicago & Northwestern

Railroad reactivated part of a line it had constructed to Lake Kampeska. Despite the

prominence of rivers and lakes in the area, the city was named after Watertown, New

York, the hometown of brothers John E. Kemp and Oscar P. Kemp, two of the city’s

founders. The town’s name was originally planned to be named Kampeska.

During the 1880’s, Watertown prospered as a transportation hub after the railroads had

been extended further west. Along with several other cities, Watertown had been a

candidate as capital of the new state of South Dakota, although it lost out to the more

centrally located Pierre. The city’s current newspaper began publishing in 1887.

In the mid-20th century, Interstate 29 was constructed through eastern South Dakota

through eastern South Dakota. The route included a slight bend to bring the interstate

closer to Watertown. The interstate’s construction has been a major economic benefit to

the larger communities along its route including Watertown.

MEDIAN RESIDENTIAL HOME PRICE

The median price for a home in Watertown is $197,800.00

DEMOGRAPHIC INFORMATION

Population 2017 Estimate: 22,222

Number of Households, 2012-2016: 9,471

Median household income (in 2016 dollars), 2012-2016: $47,664

Per capita income in past 12 months (in 2016 dollars), 2012-2016: $26,757

Watertown’s population is 48.9% male and 51.1% female.

The median age of a Watertown resident is 36.6 years old.

The median age of the state’s population is 40.7 years old.

Over 84% have a high school education and of that, 20.9% have a bachelor’s or higher

degree.

The cost of living index is lower than the national average.

ABOUT WATERTOWN

Page 3

EDUCATION

Watertown has two institutions providing post-secondary education. Lake Area Technical

Institute (LATI), is a public technical school classified as a community college, offering

degrees in areas such as agriculture, nursing, diesel mechanics, and welding. LATI

received national attention in 2015 when it was awarded the Aspen Institute’s award for

community college excellence and was designated as a Finalist With Distinction, There is

also a satellite campus of Mount Marty College, a private Catholic School based in Yankton,

South Dakota, which now offers undergraduate Bachelor of Arts degrees and Associate

degrees in accounting, business administration, criminal justice, elementary education,

human service, psychology, inter-disciplinary studies, and additional programs to

graduates of LATI in certain disciplines.

Watertown has one public high school, Watertown High School, and one private boarding

school, Great Plains Lutheran High School. Watertown is considered one of the best cities

for secondary education within the state and is considered above-average for post-

secondary education within the state.

Watertown School District Enrollment

Total Students: 4,024

Classroom Teachers (FTE): 241.24

Student/Teacher Ratio: 16.68

ABOUT WATERTOWN

Page 4

Figure 1: Watertown, SD Public Schools

Figure 2: Lake Area Technical Institute Main Campus

ABOUT WATERTOWN

Page 5

TOP 10 MAJOR EMPLOYERS IN WATERTOWN

As of June, 2018 (number of employees)

Watertown School District: 776

Prairie Lakes Healthcare System: 683

Terex Utilities: 634

Hy-Vee: 450

Premier Bankcard: 367

City of Watertown: 336

Worthington Industries: 309

Dakota Bodies: 285

Jenkins: 274

Sparton: 253

WATERTOWN’S MAJOR INDUSTRIES

Watertown’s major industries include value-added agriculture, healthcare, and

manufacturing. Manufacturing is the leading industry in the community. The following is a

list of some of the top employers in manufacturing in Codington County.

1. Terex Utilities – Utility aerial devices, digger derricks and auger drills.

2. Worthington Industries – Design & Manufacture Cabs & ROPS for Industrial &

Construction Equipment; Custom Steel Fabrication.

3. Dakota Bodies – Manufacturer of metal truck bodies.

4. Persona – Interior & Exterior Electrical Signage.

5. Sparton Corp. – Electronic Contract Manufacturer; Circuit Boards for various Electronic

Machines including Medical Device Equipment.

6. Dynamic Engineering – Contract Work for Machine Parts; Custom Machining; CNC

Turning & Milling; Automatic Screw Machine; Grinding; Hobbing; Broaching; Shaving;

Shaping (Precision Machined Components and Assemblies).

ABOUT WATERTOWN

Page 6

7. Wurth Electronics Midcom – Transformers for Telecommunications and Ion Power

Applications Including Analog, Digital and LAN; Inductors & Transformers for Switching

Power Applications.

8. Miller Electric – Oxy/Fuel Cutting & Welding Apparatus; gas regulation equipment.

9. Benchmark Foam – Construction insulation, insulated concrete forms, high-density

insulation, commercial roof insulation, Exterior Insulation and Finish Systems (EIFS),

foam packaging, Geofoam and eps360 (a 100% recycled product), durable signs,

architectural accent pieces, decorative items, and tank pads.

10. Glacial Lakes Energy – Fuel Ethanol, Dry Distiller’s Grains (DDG), Modified Wet

Distiller’s Grains (MWDG), and Corn Oil; Corn Syrup.

ABOUT SOUTH DAKOTA

Page 7

About South Dakota

South Dakota has been long recognized as one of the most business-friendly states in the

nation. With no personal or corporate income tax, no business inventory tax, or personal

property tax, it fares better than nearly every other state in comparison. In addition to the

tax issues, it has high work ethic standards, excellent outdoor recreation outlets including

skiing, hunting, fishing, camping, and boating just to name a few. Low crime rates and high

education achievements have been hallmarks of the quality of life in South Dakota.

South Dakota has often been referred to as "the land of infinite variety." That variety is

reflected in everything from our weather to our scenery, our economy to our state

symbols. South Dakota ranks 16th in size among the 50 states. It was the 40th state to join

the Union in 1889 and encompasses 77,123 square miles, averaging 11 people per square

mile. South Dakota boasts more miles of shoreline than the state of Florida and the highest

point in the United States east of the Rocky Mountains.

Geography

Sprawling prairies, fertile farmland and glacial lakes dominate the landscape in eastern

South Dakota. Prairies and ranchland are common in central South Dakota. Mountains

grace the western skyline, and in the southwest, striking Badlands formations rise

abruptly from the surrounding prairie. The Missouri River runs through the central and

southeastern part of the state. Lakes formed by retreating glaciers thousands of years ago

cover the northeastern corner of South Dakota.

Economy

The state has a strong agricultural base. It is the largest industry in the state. South Dakota

routinely ranks among the top 10 states for the production of hay, sunflowers, rye, honey,

soybeans, corn, wheat and cattle. Tourism is also a significant contributor, bringing in

about $2 billion annually. The service sector, retail, trade and manufacturing industries

account for the majority of the state's employment.

FINANCING & INCENTIVES IN SOUTH DAKOTA

Page 8

Financing & Incentives in South Dakota

In South Dakota, we’re fortunate to work cooperatively in a business climate that’s second

to none. Our people are dedicated, prepared and productive—and our financing programs

are evidence of that. We understand the needs of growing businesses. Our programs are

structured to meet your long-term and short-term financing needs. We also know time is

of the essence, especially your time. Rest assured, as we walk you through the process,

we’ll do it quickly and efficiently and will represent you well to our boards that finalize

our loan decisions. Whether you’re just laying the ground work or you’ve been around for

a while, no matter your company’s size, South Dakota’s economic development team is

ready to partner with you.

The following programs are available through the SD Governor’s Office of Economic

Development:

REDI Loans

SBA 504

MicroLOAN SD

STEP Grant

Bond Financing

South Dakota WORKS

FINANCEPROGRAMS

ECONOMIC DEVELOPMENT

SOUTH DAKOTA GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT

In South Dakota, we’re fortunate to work cooperatively

in a business climate that’s second to none. Our people are

dedicated, prepared and productive—and our financing programs

are evidence of that. We understand the needs of growing

businesses. Our programs are structured to meet your long-

term and short-term financing needs. We also know time is of

the essence, especially your time. Rest assured, as we walk you

through the process, we’ll do it quickly and efficiently and will

represent you well to our boards that finalize our loan decisions.

Whether you’re just laying the ground work or you’ve been

around for a while, no matter your company’s size, South Dakota’s

economic development team is ready to partner with you.

FINANCE

PROGRAMS“2

The GOED DEMONSTRATES an

UNFAILING COMMITMENT to South Dakota and its businesses,

and is GENUINELY DEDICATED to providing

businesses with OPTIONS and ADVICE when it comes

to expanding and relocating. The

LOANS ARE VIABLE and they give business owners a chance to

GROW AND SUCCEED.JASON ENGLE, CEO

LEGACY ELECTRONICS

““3

ECONOMIC DEVELOPMENT

FINANCE AUTHORITY

(EDFA)

» Designed for more capital- intensive projects; $1 million minimum

» Provides small businesses access to the public bond market backed by the EDFA’s “AA” rating by Standard and Poors

» Up to 20 year fixed-rate financing for fixed assets

» Bonds may be tax- exempt on projects that are less than $20 million in total project costs

» Ideal for ag processing or manufacturing projects

» Take-out financing

REVOLVING ECONOMIC

DEVELOPMENT & INITIATIVE

(REDI) FUND*

» Provides permanent financing for land, buildings, machinery, and equipment

» 2 percent fixed interest rate

» 10 to 20 year amortization, based on useful life of assets financed

» 5 year balloon payment


» Minimum 10 percent equity contribution; REDI Fund loan amount may not exceed 45 percent of total project costs

» Job creation is a factor in determining loan amount – must meet program minimum wage and benefit requirements

» Low origination fee

SBA 504 » Provides permanent fixed- rate financing for fixed assets

» Available to for-profit businesses, including retail operations


» As a Certified Development Corporation (CDC), the South Dakota Development Corporation offers 504 loans statewide

» Loan amounts: maximum of $5 million; may increase to $5.5 million if project meets national objectives

» Subordinate lien position to bank

» Up to 20 year term, fully amortized

4

» Offers access to working capital for small enterprises; may also be used for fixed assets

» Up to 10 year term

» Maximum loan amount of $100,000; minimum $1,000; total project costs cannot exceed $500,000. Application fee, due at the time of funding, is the greater of 1.5 percent of loan amount or $50

» 3 percent interest rate

» 50 percent of total financing must be provided by a bank, credit union, or local regional revolving loan fund; balance from MicroLOAN and equity injection (if required by lender); MicroLOAN may subordinate to lender involved.


SOUTH DAKOTA MICROLOAN/MICROLOAN

EXPRESS

SOUTH DAKOTA WORKS

» Provides equipment, working capital and interim construction financing

» Eligible borrowers include: businesses seeking new financing and certified development financial institutions (CDFIs)

» Must meet US Treasury guidelines

» Term: 1-5 years

» Fixed interest rate, typically 1 percent less than lead lender

» Bank must provide no less than 20 percent of “at risk” financing toward eligible costs

» May take second position on collateral behind the lead lender

Using the SBA 504 program allowed us

to lock in a low, long-term financing rate.

That was a significant part of the loan,

and pretty critical to the project.”“Craig Ferguson, Partner

Dunes Eye Clinic

* Program administered by the Board of Economic Development 5

REINVESTMENT PAYMENT

PROGRAM*

» Assists companies in offsetting the upfront costs associated with expanding operations and/ or upgrading equipment

» Total project costs in excess of $20 million or equipment upgrades in excess of $2 million

» One key criteria considered by the board when reviewing an application is the likelihood the project will occur without the Reinvestment Payment Program

» Grant may not exceed state sales/use tax paid on eligible project costs

SOUTH DAKOTA

JOBS PROGRAM*

» Assists companies in offsetting the upfront costs associated with expanding operations and/ or upgrading equipment

» Total project costs less than $20 million or equipment upgrades less than $2 million

» One key factor considered by the board when approving or denying an application is the likelihood the project will occur without the South Dakota Jobs grant

» Grant may not exceed state sales/use tax paid on eligible project costs

NEW FRONTIERS

» Assists companies in offsetting R&D costs, such as clinical trial costs, associated with gaining regulatory approval of products

» Companies can apply for reimbursement of sales tax associated with R&D and testing expenditures

» R&D plan and projected expenditures must be submitted with the application


7

» Designed to help employers establish a pipeline for future skilled employees

» Internship must provide a meaningful work experience for the student that will help them further their career pathway

» Internships are open to both high school and post- secondary students

» Positions must have a link to science, technology (computer science), engineering, mathematics, accounting or manufacturing

» The internships cannot be filled by family members of the business ownership group

» Students must be paid a minimum wage of $10 per hour

PROOF OF CONCEPT FUND

» Provides up to $25,000 to conduct research demonstrating the technical and economic feasibility of an innovation

» Eligible parties include: entrepreneurs, universities, existing South Dakota companies, or other entities committed to commercializing the results in South Dakota

» Requires a matching cash or in-kind investment of at least 10 percent of the total project cost

» Investment proceeds may be used to pay consultant contracts, materials and supplies, salaries for employees in South Dakota, and necessary services for technical feasibility or marketing studies

WORKFORCE DEVELOPMENT

PROGRAM

» Provides matching grants to assist companies with up to 50 percent of eligible training expenses

» Funding is released on a reimbursement basis upon the completion of the training

» Assists with new and current employee upgrade training

» Jobs must meet minimum wage and benefit requirements

» Training must focus on the technical aspects of the job

DAKOTA SEEDS

8

The DAKOTA SEEDS PROGRAM is great because

it ESTABLISHES a PIPELINE for

PERMANENT EMPLOYEES and that’s exactly what

we’re hoping to accomplish with our interns.

SHON ANDERSONVICE PRESIDENT

B9 CREATIONS ““

9

» Provides matching grants to local governments (incorporated municipalities/counties) to assist with eligible community projects and workforce development training

» Primarily benefits low and moderate income persons

» Projects must meet federal requirements

» Environmental review must be completed

» Grants administered by local planning districts

LOCAL INFRASTRUCTURE

IMPROVEMENT PROGRAM*

» Provides matching grants to assist in funding the construction or reconstruction of infrastructure for the purpose of assisting economic development projects that facilitate job creation or retention

» Eligible applicants include: any political subdivision of the state, tribal governments, or local development corporations

» Board evaluates the feasibility, available funding options, and the economic impact of the project to be served by the proposed infrastructure improvements

COMMUNITY DEVELOPMENT BLOCK GRANT

PROGRAM


ECONOMIC DEVELOPMENT PARTNERSHIP

PROGRAM*

» Provides matching grants for the purpose of developing or expanding community development programs

» May also be used to establish or replenish local revolving loan funds

» Eligible applicants include: nonprofit development corporations, tribal governments, or other political subdivisions of the state

11

711 EAST WELLS AVENUE, PIERRE, SOUTH DAKOTA 57501

800-872-6190 • WWW.SDREADYTOWORK.COM

1,200 copies were printed on recycled paper at a cost of $1.21 per piece.

TAXES IN SOUTH DAKOTA

Page 9

Taxes in South Dakota

STATE TAXES

The South Dakota business climate is Number One in the nation for entrepreneurs

according to the Small Business and Entrepreneurship Council. Our overall tax burden is

ranked 2nd in the country according to the Tax Foundation. This section reviews the few

business taxes and costs your company will have to pay in South Dakota.

The South Dakota entrepreneur has a competitive edge over all his/her business

counterparts in the United States. The South Dakota business person enjoys:

No corporate income tax

No personal income tax

No personal property tax

No business inventory tax

No inheritance tax

The following briefly reviews the most common business costs and taxes the new and

expanding entrepreneur encounters in South Dakota.

SALES TAX

Sales tax in South Dakota is a combination of a 4.5 percent state tax and a general,

municipal (city) tax, which varies from 0 to 2 percent. Any business, organization or

person engaged in retail sales, including the selling, leasing and renting of tangible

personal property, products transferred electronically, or the sale of services (as long as

they are not specifically intended for resale) is required to obtain a sales tax license and

collect and remit the applicable tax.

Motor vehicles are not subject to state and local sales taxes. They are subject to a 4

percent motor vehicle tax on the purchase price.


Page 10

MUNICIPAL SALES TAX

Most cities and towns in South Dakota have a local sales tax in addition to the state tax.

The amount of the municipal tax varies from city to city. Generally speaking, gross receipts

that are subject to the state tax are also subject to the municipal tax. Municipal taxes are

collected by the Department of Revenue. One tax return takes care of both state and local

sales taxes.

Cities can also impose a 1% municipal gross receipt tax on lodging (hotels) restaurant

meals and alcoholic drinks.

Watertown’s sales tax is 2%.

USE TAX

Use tax applies when sales tax has not been paid on goods or services that are taxable in

South Dakota. The use tax rate is the same as the sales tax rate, both for the state and the

municipalities. Use tax is normally incurred when:

You travel to another state, purchase a product and send it or have the business deliver it

into South Dakota.

You purchase a product from a mail order catalog.

You purchase a service from an out-of-state company, but use the service in South Dakota.

You purchase a service or product from a transient business that does not collect sales

tax.

You consume or use a product that was purchased wholesale.

You are a service provider who uses or consumes services or tangible personal property

in the performance of your service.

REAL PROPERTY TAXES

Local real property taxes in South Dakota vary from 1 to 4 percent of the actual value of

the structure, with most rates falling between 2 and 3 percent. However, five-year

property tax abatements are available on new structures or additions to existing ones.


Page 11

County commissions may, at their discretion, forgive from 0 percent to 100 percent of the

property taxes on a new structure or an addition to an existing one. This abatement may

be available on all industrial, commercial and non-residential agricultural structures with

a value over $30,000. The property tax liability after construction cannot be less than the

tax liability prior to construction.

Real property taxes are determined by taking the local mill levy and applying it to 85

percent of the market value of a property.

UNEMPLOYMENT INSURANCE

The South Dakota Unemployment Insurance program is administered by the

Unemployment Insurance Division of the Department of Labor. The program is financed

by employers through payroll taxes and it provides insurance or benefits to people who

become unemployed.

The Unemployment Insurance Division notifies employers about:

Each employer's experience rating

Any decision made affecting an experience rating account

Amounts drawn from accounts by employees

Potential unemployment insurance benefit charges

Any error detected during processing of reports

Employers are asked to notify the Unemployment Insurance Division about:

Purchase or sale of a business or a portion of a business

Wages paid to each individual employed, Total wages paid

Any possible errors, especially errors which may result in payment of incorrect benefits

The unemployment insurance tax in South Dakota ranges from .00 to 9.5 percent of the

first $15,000 in wages paid to each employee during a calendar year. New construction

firms pay 6.55 percent of the taxable wage base for the first years then 3.55 percent the

next two years if the employer maintains a positive account balance.


Page 12

For all other new employers in South Dakota, the rate is 1.75 percent for the first year. The

second and third year's rate will not be increased above the 1.75 percent ceiling and may

be reduced to 1.55 percent if the employer maintains a positive account balance.

Thereafter, the rate is based on experience.

South Dakota's 2014 average unemployment insurance rate is 1.61 percent.


Page 13

Workforce Development

Train Your Employees

When it comes to training, South Dakota puts its money where its mouth is. Through the

Workforce Development Program offered through the South Dakota Governor’s Office of

Economic Development, companies have access to dollars to help train new AND existing

employees.

THE SOUTH DAKOTA WORKFORCE DEVELOPMENT PROGRAM

Eligibility Requirements

To be an eligible training program, the project must fit into one of two types of training,

provide skill training as outlined, and meet the wage requirements.

Types of Training to be Provided

The Workforce Development Program can provide funding for both new and current

employee training. In order to be eligible to apply, companies must meet the details

outlined below. In order to be eligible for funding, trainees must work from the company’s

South Dakota location.

1. New employee training

• The positions for training must be new positions created by a new company or

the expansion of an existing company.

• Openings created by turnover or retirement are not eligible for funding.

2. Current employee retraining

• The training project needs to out-of-the-ordinary training and beyond what is

needed in the normal course of business. Examples include:

• Training for a new piece of equipment

• New certification (can not include continuing education to maintain an

existing certification.)


Page 14

• Opportunity for trainees to move into a new position that require

different or additional skills than used in the current position.

• Trainees must receive an increase in their wages as the result of the

training.

Wage and Benefit Requirements

In order to qualify for the Workforce Development Program, companies must meet the

wage and benefit requirements for the program. Employees must be full-time employees

in order to be eligible for training through the program.

Wages

• Companies must pay a minimum of $12.00 per hour.

• The wage requirement considers only the base wage and does not include any

incentives or benefits.

• Employee wages will be compared to prevailing wages for the company’s NAICS

code in evaluating requests.

• A waiver for the wage requirement may be granted at GOED’s discretion to

companies located in communities of fewer than 5,000 people.

Benefits

• It is expected that a company will provide a benefit package which includes

health insurance with a portion of the premium paid by the company.

Skills Eligible for Funding

Skills, as defined by the Workforce Development Program, can be broken down into three

groups.

1. Hard Skills – Hard skill training deals with the technical and functional aspects of the

job.


Page 15

2. Soft Skills – Soft skills can enhance job performance by supplementing the hard skills.

Soft skills are interpersonal skills such as communication, teamwork, problem-solving,

leadership, and conflict resolution.

3. Basic Academic Skills – Academic skills training focuses on reading, writing and

mathematics. This training would provide assistance to individuals with remedial

academic skills. The basic goal of the Workforce Development Program is to assist

businesses with the cost of training for hard skills. The program will only consider funding

for soft skill and academic training if it is conducted in conjunction with hard skill

training.

Number of Employees

Companies must provide the current number of employees at their South Dakota

location(s) in their application and provide updated numbers as the training is completed

and trainee reports are submitted. These numbers will be used to establish benchmarks.

For companies that have previously used the program, the current number of employees

listed in the application must meet or exceed the benchmark established by their latest

grant in order to be eligible for new funding.

Financial Participation – How it Works

The Workforce Development Program will fund up to 50% of the total eligible training

costs. The program requires that every dollar of Workforce Development funding be

equally matched by the company.

The actual percentage that the program will provide will be based on the base wage, the

increase to the base wage, benefits, the skills provided by the training, the length of the

training and the number of trainees. A typical award amount is $500 per trainee.

Expenses that are eligible to be included in the budget include the following:

• Wages

• Benefits

• Value of the equipment during the training period (Workforce Development funds

cannot be used to purchase equipment.


Page 16

• Consumable supplies

• Training related travel

Grant Reporting

Companies will need to submit two reports in order to receive their Workforce

Development Program funds. The initial report is submitted as the training is completed

and contains the name, social security number, and wage at the start of the training for

each individual who completes the training program. It must contain a signed statement

that the training described in the application has been completed for the individuals listed

and that the individuals were trained for and employed at the project location in South

Dakota. Final, the initial report must document the current number of employees at the

company. The follow-up report is submitted six month after the initial report and contains

the current wage information for those individuals submitted in the initial report.

Grant Payments

Payments on the grant are made on a per person, reimbursement basis. Upon receipt of

the initial report, the majority of the funding for each individual will be paid to the

company. The remaining balance will be paid when the follow-up report is received.

Application

The application must be completed and submitted at least three weeks before training is

scheduled to begin. The application must contain the following:

Business and Project Information

Budget Detail

Program Narrative

The application has been included in this packet and it can be downloaded at this link:

www.sdreadytowork.com

http://www.sdreadytowork.com/SouthDakota/media/SouthDakota/Downloads/Workforce%20Development%20Program/WDPappweb-Aug2013.pdf?ext=.pdf

South Dakota Workforce Development Program

Application Rev August 2013

Return application to: Governor’s Office of Economic Development, 2329 N. Career Ave., Suite 221, Sioux Falls, SD 57107 e-mail: [email protected] Fax: 605.367.4519

a

Business Information Name of Business Address City State Zip Name of Authorized Official Position Type of Industry Current Number of Employees (South Dakota only) Coordinating Agency Information (if applicable) Name of Coordinating Agency Address City State Zip Contact Person Phone Fax

I declare and affirm under the penalties of perjury that this application has been examined by me, and to the best of my knowledge and belief, is in all things true and correct. Name___________________________________________ Date_______________ CONFIDENTIALITY STATEMENT

South Dakota Codified Laws 1-16G-11(BED); 1-16B-14.1(EDFA);. DOCUMENTARY MATERIAL CONSISTING OF TRADE SECRETS EXEMPT FROM DISCLOSURE - Any documentary material or data made or received by the applicable board or the GOED for the purpose of furnishing assistance to a business, to the extent that such material or data consists of trade secrets or commercial or financial information regarding the operation of such business, may not be considered public records, and shall be exempt from disclosure pursuant to the provisions 1-16G-3 to 1-16G-11 inclusive or other applicable law. Any discussion, consideration of, or action upon such trade secrets or commercial or financial information by the applicable board may be done in executive session closed to the public, notwithstanding the provisions of the open meeting laws of this state.

Please NOTE that except for loan applications made to the Board of Economic Development, the name of the applicant, the location of the applicant, the grant or loan amount and the number of persons to be employed or trained are not confidential. Once an application is approved, the name of the company, the location of the company, the grant or loan amount and the number of employees to be employed or trained is not confidential.

mailto:[email protected]




b

Project Information

Management Contact Phone Email Address of Project Site Total Number of Workers to be Trained New Current Anticipated Training Dates______________________________________________ (Cannot begin prior to application submission) Starting or After Number of Current Training Occupational Title Workers Wage Wage Average Wage at Placement Total Funds Requested (from budget) Grant Per Participant (Total funds/Number of trainees)





c

Budget Detail To be allowable a cost must be necessary and reasonable for proper and efficient administration of the program and be allocable to one of the budget categories. There are four cost categories. Provide supplemental information regarding budget line items for each cost category. Grants are based on one-half the total training costs. Definitions for the categories and examples are found on the next page. Total

Wages and Benefits Wages

Consultant

Benefits

Equipment and Consumable Supplies Equipment

Consumable Supplies

Other Building Rental

Travel

Total





d

Budget Detail Continued Wages and Benefits • Wages may be included for those individuals who are directly involved in training and can

include both the trainer and trainee wages. • Identify each position by title and for each position identify the total hours of training,

the hourly rate of reimbursement and the total cost. Example: Welding Instructor 40 hours @ $20/hr = $800

• Consultants are third-party providers who provide training. • Identify the hours of service, the hourly rate of reimbursement, and the total cost.

• Benefits • Identify the total amount of the benefits and how the benefits were calculated.

Example: Benefits 15% of $800 = $120 Equipment and Consumable Supplies • Equipment is defined as having a usable life of 3 years or more.

• Identify each piece of equipment that will be used, the fair market rent or lease rates, and the number of hours the equipment will be used.

Example: Welding machines 3 machines @ $100/wk for 1 week = $300 • Consumable supplies are defined as materials, supplies or equipment that have a useful life

of less than three years. Materials and supplies may include textbooks and films. • Identify the consumable supplies you will be using and their value.

Example: Steel 300 lbs @ $0.25/lb = $75 Other • Building rental/utilization includes rooms or facilities used in the provision of classroom or

laboratory training. • Calculations for room rent can include the square footage of the room, the frequency

of usage, monthly rental cost for a similar room, utility costs for heating and light, and/or the prorated share of the actual monthly lease.

Example: Building Rental 40 hours @ $7/hr = $280 • Travel includes the costs for the following activities conducted in the performance of the

contract: use of personal automobiles, use of state-owned automobiles, lodging, and per diem at state-approved rates. Only travel that is directly associated with the project is allowable.

• Include details on rates, mileage, and the number of meals and nights associated. Example: Mileage 170 miles @ $0.20/mile = $34 Lodging 5 nights @ $35/night = $175





e

Program Narrative Please provide complete information to answer the following questions. Please retype the question and follow it with the response.

1. Give a detailed description of the project plan. The description should include, but is not limited to, the following details: • Need for the project • Recruitment and selection of trainees • Employer contributions to the project (financial and other) • Assessment methods before, during, and after training • Objectives to be achieved • Skills to reach objectives • Time frame (starting & ending dates, number of hours) • Training sites • Training methods (on-the-job, classroom, laboratory) • Training provider • Necessary credentials or licensing for the trainee • Adaptations to production schedule during training

2. Describe the prospects for re-employment in the industry/occupation. 3. Describe the employer’s record of worker layoffs during the last five years. 4. Does the employer have a collective bargaining agreement? What is the union’s

position on the project?

CONTINUED ON NEXT PAGE





f

Wage & Benefits Package Please describe how your wage progression process works (i.e.: frequency of performance reviews, opportunity for wages increases) Please check which benefits you provide and the percentage that is covered by the company.

Insurance Health Insurance - % premium covered by company Dental Insurance - % premium covered by company Life Insurance - % premium covered by company Vision Insurance - % premium covered by company Accidental Death and Dismemberment - % premium covered by company Long-term Disability Insurance - % premium covered by company Short-term Disability Insurance - % premium covered by company

Retirement/Bonuses 401(k) or retirement plan- % company match Stock Options Profit Sharing

Leave Paid Holidays Paid Vacation Paid Sick Leave Paid Time Off Bereavement Leave

Other Employee Assistance Program Tuition Reimbursement Program Flexible Spending Account Product Discounts Safety Equipment Health club membership or discount



Page 17

WATERTOWN DEVELOPMENT COMPANY ATTRACT & ENHANCE PROGRAM

The Attract and Enhance Program is offered locally through the Watertown Development

Company and provides matching funds for the following incentives:

Relocation Expenses for new employees.

Tuition reimbursement for trailing spouses or immediate household members of

employees new to Watertown that are either starting or continuing their studies at an

institution in the Watertown area.

Scholarships or tuition reimbursement for training and/or “upskilling” of current

employees.

Visit www.watertownworks.com/work/workforce-training/ to learn more.

THE DAKOTA SEEDS PROGRAM

Internships area a great way to help fill temporary workforce needs and establish a

pipeline for permanent employees. Internships also enhance a student’s education by

providing work experience in their chosen career pathway. The Dakota Seeds Program can

provide 50% of an intern’s wages with a maximum of $2,000 per intern. Internships must

relate to a high need industry sector. See program guidelines for more information at

www.dakotaseeds.com

CORPORATE EDUCATION

Some of the benefits Watertown offers companies includes technical training and

advanced training in the skills necessary for business management, manufacturing and

technical skills.

Lake Area Technical Institute, recently named one of the top three best two-year colleges

in the nation, not only provides skilled labor training for the future workforce, but also

works with the business community to provide continuing education and training. Every

year hundreds of businesses and individuals take advantage of their Adult/Community

Education classes, flexible on-line courses and customized industry training classes.

Businesses are able to offer their employees the skills they need to perform: many

corporate partners of Lake Area Tech have realized lower costs of production, less

turnover, and higher profits by investing in their most valuable asset – their employees.

http://www.watertownworks.com/work/workforce-training/

http://www.dakotaseeds.com/


Page 18

Lake Area Tech offers a variety of training programs to fit any business need. Industry

training has included:

Computer seminars

Electrical code classes

Commercial driver’s licensing

Forklift certifications

Supervisor training

Welding technique

OSHA training

For more information, contact LATI Corporate Education at 605-882-5284 Ext. 320 or

visit www.lakeareatech.edu

In addition to Lake Area Tech’s specialized training for businesses, Lake Area Technical

Institute offers the Build Dakota Scholarship program. The program was created

through a $50 million-dollar investment in South Dakota’s workforce funded by a

generous $25 million donation from T. Denny Sanford and a $25 million contribution by

Gov. Dennis Daugaard from the South Dakota Future Fund.

The full-ride Build Dakota Scholarship is awarded to students entering high-need

workforce programs at South Dakota’s four technical schools (Lake Area Tech, Mitchell

Tech, Southeast Tech and Western Dakota Tech). Programs eligible include Automotive

Technology, Diesel Technology, Heavy Equipment Operator, Energy Technology, Building

Trades, Medical Lab Tech, Nursing, Precision Machining, Robotics/Electronics Technology

and Welding. The scholarships are designed to help fill the state’s high demand careers in

those fields with skilled technical professionals. For details, visit Build Dakota or call the

Foundation, Admissions or Financial Aid Office at Lake Area Tech at 1 800 657 4344 or

605 882 5284.

Mount Marty College offers a variety of two and four-year degree programs in both

traditional and non-traditional formats at their Watertown campus which is located near

the LATI campus. In 2005, the college started a master’s degree program to meet the

community’s needs. www.mtmc.edu/watertown/

http://www.mtmc.edu/watertown/

TELECOMMUNICATIONS

Page 19

Telecommunications

Watertown has excellent fiber connectivity services provided through CenturyLink, Vast,

Midcontinent Communications, and SDN Communications. SDN can connect directly to

their network without having to access other carriers. This affords extremely high

capacity and effective and reliable service at reasonable rates.

Currently, there are several existing businesses that rely heavily on data transmission and

reliability within Watertown and they are very pleased with the levels of service they have

been provided.

Watertown is also located on the Sonat ring for the fiber network, which provides a great

deal of redundancy.

South Dakota Fiber Lines

,

,,

,

,

,

,

,

,

,

HuronPierre

Yankton

Mitchell

Aberdeen

Watertown

Brookings

Vermillion

Rapid City

Sioux Falls

South Dakota BroadbandDSL AvailabilityData as of October 2014 Ü DSL

DISCLAIMER: This map was created under a National Telecommunications and Information Administration’s State Broadband Data and Development grant awarded to the State of South Dakota as a representation of broadband availability. Although efforts to ensure utmost accuracy have been made, this map is not intended to be, nor should be used as, an authoritative source of available broadband service. The State of South Dakota, nor its contractors, make no warranty or guarantee as to the content, accuracy, timeliness, or completeness of the information provided herein.

UTILITIES

Page 20

Utilities

Watertown has municipally owned utilities so our residents and industrial users enjoy

high-quality local service and some of the lowest utility rates in the state.

While Watertown Municipal Utilities is in charge of the electric, gas and water services,

and the City of Watertown is in charge of the sewer and garbage services, these services

are consolidated on one bill for the convenience of residential and commercial customers.

TEREX PROPERTIES AVAILABLE SOON

Page 21

Terex Properties Available Soon

1. Main Plant – 106,725 square foot

2. North Building – 9,407 square foot

3. 501 Building – 43,225 square foot

4. 21st St Building – 47,513 square foot

5. R/P Building – 10,797 square foot

6. South Campus #1 – 10,490 square foot



9. Fiberglass – 49,596 square foot

10. 14th Avenue Building – 23,470 square foot

*Properties highlighted in yellow are not owned by Terex Utilities.

tracistein

Highlight

tracistein

Highlight

tracistein

Highlight

PROPERTY SUMMARY TEREX, SOUTH DAKOTA PROPERTY NAME: TEREX PAINT SHOP

ADDRESS 501 14th ST. SW

LEGAL DESCRIPTION ELY PT TEREX ADD FORMERLY KNOWN AS SIMON ADD, CODINGTON COUNTY, WATERTOWN, SD

COUNTY RECORD NO. 14731

TAXING DISTRICT CODINGTON COUNTY

REAL ESTATE TAXES (2017) $ 24,672

ZONING C-1 (Light Industrial)

YEAR BUILT 2009

GROSS BUILDING AREA 37,520 SQFT

PAINT BOOTH AREAS TWO SELF-CONTAINED BAYS, 98’ x 30’ EACH

OFFICE AREA 8,800 SQFT

STORAGE MEZZANINE 1,292 SQFT

FLOOR CONC., DRAINS & DN DRAFT VENTING IN BAYS

EXTERIOR METAL SHEET, INSULATED PANELS

WALL HEIGHT 37’-4” – METAL & GYPSUM INT, METAL EXTERIOR

CRANES ONE 5 TON GANTRY & FOUR ¼ TON JIB CRANES

LIGHTING FLOURESCENT, HI BAY T8’s, W/ T5 IN PAINT BAYS,

EXPL PROOF IN PAINT RM, SOME HID HALIDE

ROOF METAL PANELS

PLUMBING EIGHT RESTROOMS, 100% WET SPRINKLERED

HEAT & COOLING GAS FIRED, SUSPENDED RADIANT, FA GAS w/CA & IN-FLOOR HEAT IN 28,080 SQFT PREP AREA

ELECTRICAL SERVICE 1.60K AMPS, 480 / 277 VOLTS, 3 PHASE

PROPERTY SUMMARY CONTINUED

LAND AREA 114,998 SqFt (2.64 Acres)

PARKING ASPHALT, 42 SPACES

WATER SERVICE CITY OF WATERTOWN

GAS & ELECTRIC CITY OF WATERTOWN

NUMBER OF FLOORS ONE (plus mezzanine)

CURRENT USES PREP, PAINTING, DRYING & FINISHING PRODUCT

ELEVATOR NO

LISTED PRICE $1,900,000

PRICE / SQFT $50.67

BROKERS MERLIN JEITZ JIM OWEN

WATERTOWN REAL ESTATE OWEN COMPANIES, INC. 605-868-1687 605-881-2585

[email protected] [email protected]

This building houses all of the functions related to the preparation, painting and finishing of various pieces of equipment. The prep area has three 18’ O.H. doors and a heated floor. The paint booths have floor drains, down-draft ventilation and also the capacity to heat external air for certain accelerated drying cycle conditions. The total combined area is approximately 43,225 SqFt as obtained from CAD drawings provided by ownership. The building has a total of six 18’ O.H. doors and 42 asphalt parking spaces. The office area has two levels with cubicles in an open area, a breakroom, 2 bathrooms with cabinets, sinks and drinking fountains on the main floor, and 3 partitioned offices, conference room and 2 baths with cabinets, sinks & drinking fountains on the second floor. Finishes are painted sheetrock walls with drop panel ceilings with a combination of vinyl and carpeting on the floors.

Disclaimer: While it has been obtained from authoritative sources which are believed to be reliable, neither Owner nor Broker warrant the accuracy of the information contained herein nor do they assume any responsibility for errors, omissions or unintentional inaccuracies. All square footage measurements are approximate. Buyers are solely responsible for conducting their own due diligence and drawing their own conclusions regarding the suitability for use or the financial merits of this property as an investment.



PROPERTY SUMMARY TEREX, SOUTH DAKOTA PROPERTY NAME: TEREX MAIN PLANT

ADDRESS 500 & 510 14th ST. SW

LEGAL DESCRIPTION N 100’ MIDTEX ADD & S 30’ DAKOTA POLASTICS ADD, CODINGTON COUNTY, WATERTOWN, SD

COUNTY RECORD NOs. 6450, 6451, 6452 (Three records combined)


REAL ESTATE TAXES (2017) $ 25,844.48


YEAR BUILT / ADDITIONS 1973, 1986, 2000, 2012 (Ongoing improvements)


MANUFACTURING AREA 71,400 SQFT

OFFICE AREA 8,400 SQFT

STORAGE / WAREHOUSING 19,520 SQFT

FLOOR CONCRETE IN SHOP, CARPET & TILE IN OFFICES

EXTERIOR METAL, BRICK OFFICE VENEER

WALL HEIGHT 28’, 50’, & 75’, WITH 27 O.H. DOORS

OVERHEAD CRANES EIGHT 5 TON, SIX 7.5 TON & ONE 10 TON GANTRY AND 46 JIB CRANES FROM ½ TO 2 TON CAPACITY LIGHTING METAL HALIDE & LED, FLOURESCENTS IN OFFICES

ROOF COMBINATION OF ASPHALT AND STEEL

PLUMBING 5 OFFICE, 3 SHOP RESTROOMS, ENTIRE PLANT 100% SPRINKLERED

HEATING GAS HANGING RADIANT, OFFICE IS CENTRAL HVAC

ELECTRICAL SERVICE 3K AMPS, 480 / 277 VOLTS, 3 PHASE


PARKING 135 ASPHALT SPACES




NUMBER OF FLOORS ONE (plus mezzanine), Two levels in office area

CURRENT USES MANUFACTURING, ASSEMBLY, TESTING,

ADMINISTRATION & MANAGEMENT

ELEVATOR No

LISTED PRICE $2,400,000 (three buildings joined on same site)

PRICE / SQFT $24.16

BROKERS MERLIN JEITZ JIM OWENWATERTOWN REAL ESTATE OWEN COMPANIES, INC. 605-868-1687 605-881-2585 [email protected] [email protected]

This asset consists of three attached buildings which have been combined to house the related functions of assembly, manufacturing, administration and storage. The total combined building area is approximately 116, 132 SqFt as obtained from CAD drawings provided by ownership. The office area is two stories with no elevator. The main production floor is 71,400 SqFt, fully sprinklered and with compressed air lines, truck ramps and drive-in bays, 27 overhead doors of varying heights, an exterior truck scale and a 10 ton exterior crane at the loading dock.

The executive offices, conference rooms and management staff offices are primarily on the second floor with ancillary support staff, filing and restrooms on the first floor. The production floor (71,400 SqFt) has multiple floor levels to accommodate loading dock and drive-in access. Suspended, gas-fired radiant and forced air heating units are throughout as are compressed air lines. The 75’ tower is used tor testing booms in inclement weather.




PROPERTY SUMMARY TEREX, SOUTH DAKOTA

PROPERTY NAME: TEREX NORTH BUILDING

ADDRESS 424 14th ST. SW

LEGAL DESCRIPTION DAKOTA PLASTICS ADD LESS S30’, CODINGTON COUNTY, WATERTOWN, SD

COUNTY RECORD NO. 6449


REAL ESTATE TAXES (2017) $ 3,334.82


YEAR BUILT / ADDITIONS 1968, 1986


PARTS AREA 4,560 SQFT

INSTALL AREA 4,800 SQFT

OFFICES (2) 240 SQFT

FLOOR REINFORCED CONCRETE, LINOLEUM IN OFFICES

EXTERIOR INSULATED METAL PANELS

WALL HEIGHT PARTS 14’, INSTALL 26’, WITH 5 O.H. DOORS

ROOF STEEL PANEL ROOFING

PLUMBING TWO UNISEX RESTROOMS, 100% SPRINKLERED

HEATING GAS SUSPENDED RADIANT, WDW AIR IN OFFICES

LIGHTING FLOURESCENT, LED & METAL HID METAL HALIDE

ELECTRICAL SERVICE 3K AMPS, 480 / 277 VOLTS, 3 PHASE


PARKING ASPHALT, 75 SPACES




NUMBER OF FLOORS ONE (Two levels)

CURRENT USES PARTS AND INSTALL

ELEVATOR No

LISTED PRICE $299,000

PRICE / SQFT $31.15 / SQFT

BROKERS MERLIN JEITZ JIM OWENWATERTOWN REAL ESTATE OWEN COMPANIES, INC. 605-868-1687 605-881-2585 [email protected] [email protected]

This asset consists of building with two clearance heights. The parts area has a 14’ ceiling height and the install area has 26’ clearance height. 18’ overhead doors provide access to the south side of the install area with one 10’ overhead door on the south side of the parts area and a 10’ OH door at loading dock height with a ramp and dock bumpers on the north side of the parts area.

The office area is minimal with two separate rooms. Two unisex restrooms serve the entire building. There is significant asphalt parking area on both the north and south sides of this building and fenced-in outside storage on the west end. On the south side of the building is an elevated concrete platform at loading dock height which facilitates unloading materials for movement into the parts area. The parts area has outside steps down to the parking lot and inside steps down into the higher-clearance install area to the west.




Terex Utilities Current Footprint

Fiberglass2813 Piper Avenue Watertown SD 5720130,000 square feet

510 14th St SW Watertown SD

Fitting & Installation Building

Main Plant - Assembly500 14th St SW Watertown SD

Miracle Steel #1 – Cold Storage & QC400 14th St SW Watertown SD

Miracle Steel #2 – Chassis Receiving600 14th Street SW Watertown SD14,500 Square Feet

Miracle Steel #3 – Tree Trimmer Line716 Oakwood Road Watertown SD26,242 Square Feet

21st Street – Body Mount600 21 St SW Watertown SD

14th Ave – Installation & Service Center1901 14th Avenue NW Watertown SD20,428 Square Feet

501 – Paint and Finals501 14th St SW Watertown SD37,520 Square Feet

Replacement Parts600 21st St SW Watertown SD11,000 Square Feet

CONTACT INFORMATION

Page 22

Contact Information

CHRIS SCHILKEN EXECUTIVE DIRECTOR

TRACI STEIN DIRECTOR OF MARKETING

MICHELLE KAKACEK DIRECTOR OF BUSINESS DEVELOPMENT

CELL 605 520 2500

TEL 605 884 0340 Ext 212

[email protected]

CELL 605 520 8020

TEL 605 884 0340 Ext 213

[email protected]

CELL 605 868 1201

TEL 605 884 0340 Ext 211

[email protected]

ABOUT WATERTOWN DEVELOPMENT COMPANY

Page 23

About Watertown Development Company

Since 1948, the Watertown Development Company (WDC) has been leading the way in

creating one of the state’s most vibrant, secure, and growing economies. Founded by a

group of far-sighted business leaders, the WDC is organized as a private non-profit

economic development corporation for the purpose of establishing funding and directing

programs designed to promote and increase the commercial, financial and economic

vitality of the City of Watertown and its citizens. The organization is responsible for the

creation of jobs and overall economic opportunity and owns and operates buildings, lands

and development areas for the economic benefit of Watertown.

What we do:

• Help you build partnerships for workforce success

• Assist in all phases of site selection

• Develop high-quality business and industrial parks

• Guide you in developing a local network of business allies

• Research and analysis of business inputs

If you are looking for a build to suit option, the Watertown Development Company (WDC)

has constructed several buildings in the past, benefiting many businesses relocating or

expanding in Watertown. The lease rate for a new facility would be very competitive and

discounted from the market rate based on the cost of money available to the WDC. Some

examples of buildings we have constructed include the 98,600 square foot Dakota Bodies

building located in Hanten Industrial Park, a 30,000-sq. ft. class- A office building located

in Mallard Pointe Business Park, and four 50,000+ square foot industrial buildings located

in Pheasant Ridge Industrial Park.

On newly constructed commercial or industrial buildings over 30,000 square feet,

Codington County offers a five-year property tax abatement formula on a graduated rate.

The following formula is what you can expect to pay for property taxes after completion of

a new facility:


Page 24

1st year 20% of the assessed property value

2nd year 40% of the assessed property value

3rd year 60% of the assessed property value

4th year 80% of the assessed property value

5th year 100% of the assessed property value

In addition, Watertown has municipally owned utilities so our residents and industrial

users enjoy high-quality, local service and some of the lowest utility rates in the state.

During a 2018 rate comparison, Watertown Municipal Utilities costs were compared to

other cities in Eastern, South Dakota. The results of the comparison indicated

Watertown’s rates are amongst the lowest as compared to other communities. In fact, our

utility rates have saved companies up to 46% in utility costs after relocating here.

When it comes to cost savings, the Watertown numbers speak for themselves. From

wages and salaries, to taxes and utility costs, Watertown allows businesses to invest less

and profit more!

Contact us today:

Watertown Development Company

1 East Kemp Avenue | PO Box 332

Watertown, SD 57201

Tel 605 884 0340

Toll Free 888 898 6767

Fax 605 882 0199

www.watertownworks.com


Page 25

WATERTOWN DEVELOPMENT COMPANY’S NEW INDUSTRIAL PARK

The Watertown Development Company (WDC) is stepping closer to the creation of a new

industrial park west of Mallard Point Business Park.

The future industrial park, located on the south side of U.S. Highway 212 and west of I-29,

near the new Terex Utilities location in Mallard Pointe Business Park, includes the

purchase of approximately 73 acres of land south of Wal-Mart, with the other 23 acres

coming from land that the city already owns in that area, totaling 96 acres.

The park is expected to lead to large-scale job creation and a big economic boost for

Watertown.

Historically, parks that have been developed in Watertown have created many new jobs

for the community.

The new site will also keep Watertown on the radar of companies looking to expand to

South Dakota.

Even though the infrastructure of the park has yet to start, the behind-the-scenes work of

gaining tenants is revving up.

Chris Schilken, Watertown Development Company Executive Director, said the WDC has

already begun marketing the area and it’s capturing the attention of companies and site

selectors. “Since the announcement of the Terex Utilities expansion in Mallard Pointe

Business Park, we have had a lot of interest from companies who want to be near them, so

we felt it was pretty important to get started on marketing the new park.”

Watertown Mayor Sarah Caron said the park would have a big impact on the area. “The

acquisition of this land and development of it into a new industrial park is timed to meet

the needs of Watertown’s growing industrial base. It will provide a great location for

expansion of existing businesses or attraction of new ones, so we are very excited to move

forward with it.”

WATERTOWN DEVELOPMENT COMPANY NEW INDUSTRIAL PARK – PROPOSED SITE PLAN

Page 26

Watertown Development Company New Industrial Park – Proposed Site Plan

Documents

TEREX UTILITIES AVAILABLE PROPERTIES