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Aberdeen Development Corporation Not Involved In EB 5 With Northern Beef

Aberdeen Development Corporation Not Involved In EB 5 With Northern Beef

Federal authorities are investigating the financial dealings of the bankrupt Northern Beef Packing plant and the federal EB 5 immigrant investment program that supplied much of its funding. Aberdeen Development Corporation Executive Vice President Jim Barringer says his group which worked to get the beef plant in Aberdeen was not involved in the Eb 5 program.

Barringer says to his understanding, the beef plant did have foreign investors that investigators are likely looking at.

He says his group is hopeful that the bankrupt plant’s facility will eventually be sold to a new company and there has been interest shown by a group outside the state.

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A look at some of the biggest stories this week and the headlines you may have missed.

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Spring ahead! Daylight-saving time starts Sunday

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Don't forget to spring forward this weekend.

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Transportation Bill Moves Closer to Finalization

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A major transportation funding bill will be up for final action next week in the South Dakota legislature.

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Official Revenue Numbers on the Way for Legislature

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The next big step for South Dakota lawmakers will come next week when they get the official revenue numbers for the current fiscal year, and the latest estimates for the next year.

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Bill Killed to Allow Cities to Raise Funds With Sales Tax

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A bill that would have allowed cities in South Dakota to raise their sales tax for specific projects was in front of the House State Affairs committee today.